In an exchange filing on Monday, Trent highlighted that it reported revenue growth of 23% year-on-year during the July-September period, which is a multi-quarter high, and only the second instance in at least the last six quarters, that the topline growth has managed to cross 20%.
| Quarter | Trent Revenue Growth (%) |
| Q1 FY26 | 19 |
| Q2 FY26 | 17 |
| Q3 FY26 | 17 |
| Q4 FY26 | 20 |
| Q1 FY27 | 19 |
| Q2 FY27 | 23 |
Trent also opened its 1,000th Zudio store during the quarter. A total of 10 Westside stores, and 17 Zudio stores were opened during the quarter, according to Trent’s release.
The revenue growth during the quarter is getting closer to the 25% mark that the management had highlighted during an analyst meet at the start of financial year 2026, stating that a 25% Compounded Annual Growth Rate (CAGR) for Trent’s topline is sustainable.
Since then, the stock has repeatedly sold-off every time the company fell short of that 25% figure during its business updates.
Trent shares had declined 12% on July 7, when it had disclosed its provisional business update for the first quarter, where it had reported a revenue growth of 19%.
Shares of Trent ended unchanged on Monday at ₹2,580, but have declined in eight out of the last 10 trading sessions. The stock is down 10% so far this year.
This story will be updated with analyst recommendations.