{"id":333177,"date":"2026-10-30T11:20:04","date_gmt":"2026-10-30T05:50:04","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=333177"},"modified":"2026-10-30T11:20:04","modified_gmt":"2026-10-30T05:50:04","slug":"trent-share-price-jumps-6-percent-after-q2-fy27-results-profit-up-25-percent-zudio-1000th-store-brokerage-views-and-noel-tata-exit","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/trent-share-price-jumps-6-percent-after-q2-fy27-results-profit-up-25-percent-zudio-1000th-store-brokerage-views-and-noel-tata-exit\/","title":{"rendered":"Trent Share Price Jumps 6% After Q2 FY27 Results: Profit Up 25%, Zudio&#8217;s 1,000th Store, Brokerage Views and Noel Tata&#8217;s Exit"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>The Trent share price rose as much as 6.92% to Rs 3,060 on 30 Oct 2026 after the Tata Group retailer reported Q2 FY27 consolidated net profit up 25% to Rs 468 crore on revenue of Rs 5,873 crore, up 22%.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Trent share price jumped about 6% to Rs 3,040 to Rs 3,060 on 30 October 2026, a day after Q2 FY27 results showed consolidated net profit up 25% to Rs 468 crore and revenue up 22% to Rs 5,873 crore. Operating EBITDA rose 37% to Rs 785 crore, and the operating EBIT margin improved to 11.6% from 10.5%. Chairman Noel Tata will retire on 11 November, and Bahram Vakil takes over on 12 November. This article is educational and does not recommend any stock.<\/p>\n<\/p><\/div>\n<p>The Trent share price had closed 1.79% lower at Rs 2,861.70 on Thursday, before results came out after market hours. The reaction the next morning reversed that fall and more. This article explains what drove the Trent share price, how Zudio and Westside performed, what brokerages said about margins and productivity, how the stock is valued and what risks remain.<\/p>\n<p>Two flags. Reports quote different profit figures because consolidated profit grew 25% to Rs 468 crore, while standalone profit grew only 9% to Rs 490 crore on a high base. Brokerages also differ on revenue productivity per square foot, with Citi at 8.4% and Bernstein at 3%, so treat that figure with care.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=trent-share-price-jumps-6-percent-after-q2-fy27-results-profit-up-25-percent-zudio-1000th-store-brokerage-views-and-noel-tata-exit\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/trent-share-price-jumps-6-percent-after-q2-fy27-results-profit-up-25-percent-zudio-1000th-store-brokerage-views-and-noel-tata-exit\/#Trent_Share_Price_Move_and_Q2_FY27_Results_at_a_Glance\" title=\"Trent Share Price Move and Q2 FY27 Results at a Glance\">Trent Share Price Move and Q2 FY27 Results at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/trent-share-price-jumps-6-percent-after-q2-fy27-results-profit-up-25-percent-zudio-1000th-store-brokerage-views-and-noel-tata-exit\/#Standalone_Numbers_Behind_the_Trent_Share_Price\" title=\"Standalone Numbers Behind the Trent Share Price\">Standalone Numbers Behind the Trent Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/trent-share-price-jumps-6-percent-after-q2-fy27-results-profit-up-25-percent-zudio-1000th-store-brokerage-views-and-noel-tata-exit\/#Zudio_Westside_and_Star_Store_Network_and_Growth\" title=\"Zudio, Westside and Star: Store Network and Growth\">Zudio, Westside and Star: Store Network and Growth<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/trent-share-price-jumps-6-percent-after-q2-fy27-results-profit-up-25-percent-zudio-1000th-store-brokerage-views-and-noel-tata-exit\/#Brokerage_Views_After_the_Trent_Q2_FY27_Results\" title=\"Brokerage Views After the Trent Q2 FY27 Results\">Brokerage Views After the Trent Q2 FY27 Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/trent-share-price-jumps-6-percent-after-q2-fy27-results-profit-up-25-percent-zudio-1000th-store-brokerage-views-and-noel-tata-exit\/#Valuation_of_the_Trent_Share_Price\" title=\"Valuation of the Trent Share Price\">Valuation of the Trent Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/trent-share-price-jumps-6-percent-after-q2-fy27-results-profit-up-25-percent-zudio-1000th-store-brokerage-views-and-noel-tata-exit\/#Noel_Tatas_Exit_and_What_It_Means_for_the_Trent_Share_Price\" title=\"Noel Tata&#8217;s Exit and What It Means for the Trent Share Price\">Noel Tata&#8217;s Exit and What It Means for the Trent Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/trent-share-price-jumps-6-percent-after-q2-fy27-results-profit-up-25-percent-zudio-1000th-store-brokerage-views-and-noel-tata-exit\/#What_to_Watch_Next_for_the_Trent_Share_Price\" title=\"What to Watch Next for the Trent Share Price\">What to Watch Next for the Trent Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/trent-share-price-jumps-6-percent-after-q2-fy27-results-profit-up-25-percent-zudio-1000th-store-brokerage-views-and-noel-tata-exit\/#Risks_for_the_Trent_Share_Price\" title=\"Risks for the Trent Share Price\">Risks for the Trent Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/trent-share-price-jumps-6-percent-after-q2-fy27-results-profit-up-25-percent-zudio-1000th-store-brokerage-views-and-noel-tata-exit\/#Conclusion_What_the_Trent_Share_Price_Jump_Tells_Investors\" title=\"Conclusion: What the Trent Share Price Jump Tells Investors\">Conclusion: What the Trent Share Price Jump Tells Investors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/trent-share-price-jumps-6-percent-after-q2-fy27-results-profit-up-25-percent-zudio-1000th-store-brokerage-views-and-noel-tata-exit\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/trent-share-price-jumps-6-percent-after-q2-fy27-results-profit-up-25-percent-zudio-1000th-store-brokerage-views-and-noel-tata-exit\/#Why_did_the_Trent_share_price_jump_today\" title=\"Why did the Trent share price jump today?\">Why did the Trent share price jump today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/trent-share-price-jumps-6-percent-after-q2-fy27-results-profit-up-25-percent-zudio-1000th-store-brokerage-views-and-noel-tata-exit\/#What_were_Trents_Q2_FY27_consolidated_results\" title=\"What were Trent&#8217;s Q2 FY27 consolidated results?\">What were Trent&#8217;s Q2 FY27 consolidated results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/trent-share-price-jumps-6-percent-after-q2-fy27-results-profit-up-25-percent-zudio-1000th-store-brokerage-views-and-noel-tata-exit\/#Why_was_standalone_profit_growth_only_9\" title=\"Why was standalone profit growth only 9%?\">Why was standalone profit growth only 9%?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/trent-share-price-jumps-6-percent-after-q2-fy27-results-profit-up-25-percent-zudio-1000th-store-brokerage-views-and-noel-tata-exit\/#How_many_Zudio_and_Westside_stores_does_Trent_have\" title=\"How many Zudio and Westside stores does Trent have?\">How many Zudio and Westside stores does Trent have?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/trent-share-price-jumps-6-percent-after-q2-fy27-results-profit-up-25-percent-zudio-1000th-store-brokerage-views-and-noel-tata-exit\/#What_did_brokerages_say_about_the_Trent_Q2_results\" title=\"What did brokerages say about the Trent Q2 results?\">What did brokerages say about the Trent Q2 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/trent-share-price-jumps-6-percent-after-q2-fy27-results-profit-up-25-percent-zudio-1000th-store-brokerage-views-and-noel-tata-exit\/#Who_replaces_Noel_Tata_as_Trent_chairman\" title=\"Who replaces Noel Tata as Trent chairman?\">Who replaces Noel Tata as Trent chairman?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/trent-share-price-jumps-6-percent-after-q2-fy27-results-profit-up-25-percent-zudio-1000th-store-brokerage-views-and-noel-tata-exit\/#Is_the_Trent_share_price_expensive_after_the_jump\" title=\"Is the Trent share price expensive after the jump?\">Is the Trent share price expensive after the jump?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/trent-share-price-jumps-6-percent-after-q2-fy27-results-profit-up-25-percent-zudio-1000th-store-brokerage-views-and-noel-tata-exit\/#Is_this_article_investment_advice\" title=\"Is this article investment advice?\">Is this article investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Trent_Share_Price_Move_and_Q2_FY27_Results_at_a_Glance\"><\/span><strong>Trent Share Price Move and Q2 FY27 Results at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Trent share price: Q2 FY27 consolidated metric<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reported figure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Year-on-year<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue from operations<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 5,873 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 22%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Operating EBITDA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 785 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 37%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 468 crore (Rs 468.09 crore), against Rs 373.42 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 25%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Operating EBIT margin<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">11.6%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">From 10.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">H1 FY27 revenue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 11,628 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 20%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">H1 FY27 net profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 986 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 24%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">H1 FY27 operating EBITDA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,633 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 35%<\/td>\n<\/tr>\n<\/table>\n<p>The Trent share price opened at Rs 3,018 on NSE against a previous close of Rs 2,861.70, touched Rs 3,060 and traded near Rs 3,040 at about 11 am, up 6.23%. That is a strong move in the Trent share price for a stock with a market value of about Rs 1,52,824 crore. A large part of the move reflects relief, since the stock had fallen into the results.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Track Nifty 50 stocks and screeners on Univest<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Standalone_Numbers_Behind_the_Trent_Share_Price\"><\/span><strong>Standalone Numbers Behind the Trent Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Trent share price: Q2 FY27 standalone metric<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reported figure<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue from operations<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 5,788 crore, up 23% (Bernstein cites 22%)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Operating EBITDA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 791 crore, up 37%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Profit after tax<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 490 crore, up 9%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Gross margin<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">44.5%, up about 120 basis points<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Fashion like-for-like growth<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Mid-single digit, up from low single digit in Q1 FY27 (HSBC)<\/td>\n<\/tr>\n<\/table>\n<p>The 9% standalone profit growth looks soft beside 37% EBITDA growth, and the gap has a clear cause. Q2 FY26 included Rs 96 crore of pre-tax gains from asset sales, and no material equivalent gain appeared this year. Citi adds that other income fell 71%, which held profit growth to 9% and left it 3% below its estimate.<\/p>\n<p>For the Trent share price, the useful reading is operating strength. Revenue, EBITDA and gross margin all grew faster than profit, and like-for-like growth improved even though the festive calendar shifted. That mix explains why the Trent share price rose despite a modest bottom-line number.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Zudio_Westside_and_Star_Store_Network_and_Growth\"><\/span><strong>Zudio, Westside and Star: Store Network and Growth<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Trent share price: format<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Position at 30 Sept 2026<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Other reported detail<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Zudio<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">999 stores, including 7 in the UAE<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">19 opened in the quarter and 2 consolidated; the 1,000th store opened during the quarter<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Westside<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">311 stores<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">10 opened in the quarter; online revenue up 20% in H1 and over 6% of Westside revenue<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Other lifestyle concepts<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">32 outlets<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Part of the emerging formats<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Star (food and grocery)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">87 outlets in 13 cities<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue growth above 20%; own brands above 74% of revenue<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Total fashion footprint<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Over 18.5 million sq ft in 339 cities<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Includes 3 cities in the UAE<\/td>\n<\/tr>\n<\/table>\n<p>Emerging categories, which include beauty and personal care, innerwear and footwear, contributed over 21% of standalone revenue. Zudio is the volume engine, and the Trent share price depends heavily on how long that engine keeps opening stores at this pace. One count gap remains: the report gives 999 stores at 30 September but says the 1,000th opened during the quarter, and it does not explain the difference.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to get stock updates and screeners in one place.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Brokerage_Views_After_the_Trent_Q2_FY27_Results\"><\/span><strong>Brokerage Views After the Trent Q2 FY27 Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Trent share price: brokerage<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">View after Q2 FY27 results<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Jefferies<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Results could lift sentiment near term; EBITDA came in below its estimates; higher input prices could cloud the margin outlook and weigh on demand<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">HSBC<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBITDA beat its estimates by about 2%; FY28 EBITDA estimates raised 2% and EPS estimates lowered slightly on other income<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Citi<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue and EBITDA beat by 4% and 1%; likes the model but prefers to wait for better valuation or for pilot formats to scale<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Bernstein<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Highlights premiumisation and product elevation as margin drivers; lists slower store additions and lower productivity to monitor<\/td>\n<\/tr>\n<\/table>\n<p>The reports do not give target prices, so none are quoted here. The views are mixed in tone, and they show why the Trent share price can rise on results while analysts stay cautious. Bernstein also notes that retail area rose 26%, which means store additions are slowing relative to that base.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Valuation_of_the_Trent_Share_Price\"><\/span><strong>Valuation of the Trent Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Trent share price: valuation metric<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Trent<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reference<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Market capitalisation<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 1,52,824 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">At the pre-open price used by the data source<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to earnings<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">84.22<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Industry P\/E 60.81<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price-to-book<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">21.88<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Book value Rs 130.99<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Earnings per share (TTM)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 34.03<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Trailing twelve months<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Return on equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">24.62%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">High, which supports the premium<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Debt to equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.37<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Moderate<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Dividend yield<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.09%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Very low<\/td>\n<\/tr>\n<\/table>\n<p>At 84 times earnings against an industry figure of 61, the Trent share price carries a clear premium. A return on equity of 24.62% supports part of it, but the multiple leaves little room for a miss. This is why Citi says it prefers to wait for better valuation, and why the Trent share price can swing sharply on small changes in growth.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Noel_Tatas_Exit_and_What_It_Means_for_the_Trent_Share_Price\"><\/span><strong>Noel Tata&#8217;s Exit and What It Means for the Trent Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Noel N Tata will retire as chairman and director on 11 November, and Bahram Vakil will succeed him as chairman from 12 November. Tata said at the June AGM that it would be his last as chairman, in line with Tata Group rules that require non-executive directors to retire at 70. He joined the board in 1998 and became managing director in June 1999.<\/p>\n<p>In the results release, Tata said consumer sentiment was more robust despite the relatively inflationary backdrop. A planned succession tends to be absorbed quickly, so the Trent share price is likely to track growth more than the board change. Still, investors will listen to the new chairman&#8217;s first remarks.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next_for_the_Trent_Share_Price\"><\/span><strong>What to Watch Next for the Trent Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li><strong>Gross margin.<\/strong> The 44.5% level will be tested if raw material and operating costs keep rising.<\/li>\n<li><strong>Like-for-like growth.<\/strong> Check whether mid-single digit growth holds in the festive half.<\/li>\n<li><strong>Revenue productivity.<\/strong> Citi and Bernstein disagree on the decline, so the next quarter will clarify it.<\/li>\n<li><strong>Store additions.<\/strong> Zudio and Westside openings set the growth pace for the Trent share price.<\/li>\n<li><strong>Other income.<\/strong> A 71% fall held back profit growth this quarter.<\/li>\n<li><strong>New formats.<\/strong> Pilot formats need to scale for the premium valuation to hold.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Risks_for_the_Trent_Share_Price\"><\/span><strong>Risks for the Trent Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li><strong>Valuation.<\/strong> A price to earnings of 84 leaves little cushion if growth slows.<\/li>\n<li><strong>Input costs.<\/strong> Raw material and operating cost inflation could squeeze the second-half margin and weigh on the Trent share price.<\/li>\n<li><strong>Demand.<\/strong> Jefferies warns that higher input prices could weigh on demand.<\/li>\n<li><strong>One-day reaction.<\/strong> A 6% jump can fade if the market turns weak, as the Nifty 50 has been volatile.<\/li>\n<li><strong>Base effects.<\/strong> Last year&#8217;s asset-sale gains make profit comparisons uneven.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion_What_the_Trent_Share_Price_Jump_Tells_Investors\"><\/span><strong>Conclusion: What the Trent Share Price Jump Tells Investors<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Trent share price rose on 22% revenue growth, 37% EBITDA growth and improving like-for-like trends, even though standalone profit growth was only 9%. Valuation, productivity and input costs remain open questions, and the chairman change adds a new voice. Read the filing and brokerage notes, and invest in line with your own risk profile.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_the_Trent_share_price_jump_today\"><\/span><strong>Why did the Trent share price jump today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Trent share price rose as much as 6.92% to Rs 3,060 on 30 October 2026 after Q2 FY27 results showed consolidated net profit up 25% to Rs 468 crore, revenue up 22% to Rs 5,873 crore and EBITDA up 37% to Rs 785 crore. The stock had fallen 1.79% on Thursday before the results.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_Trents_Q2_FY27_consolidated_results\"><\/span><strong>What were Trent&#8217;s Q2 FY27 consolidated results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue from operations was Rs 5,873 crore, operating EBITDA Rs 785 crore and net profit Rs 468 crore against Rs 373.42 crore a year ago. The operating EBIT margin was 11.6% against 10.5%. For H1 FY27, revenue rose 20% to Rs 11,628 crore and profit rose 24% to Rs 986 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_was_standalone_profit_growth_only_9\"><\/span><strong>Why was standalone profit growth only 9%?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Standalone profit after tax rose 9% to Rs 490 crore because Q2 FY26 included Rs 96 crore of pre-tax gains from asset sales and no equivalent gains occurred this year. Citi also notes that other income fell 71%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_many_Zudio_and_Westside_stores_does_Trent_have\"><\/span><strong>How many Zudio and Westside stores does Trent have?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> At 30 September 2026, Zudio had 999 stores including 7 in the UAE and Westside had 311 stores, with 32 other lifestyle outlets. Reports also say Zudio opened its 1,000th store during the quarter, though they do not explain the one-store gap.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_did_brokerages_say_about_the_Trent_Q2_results\"><\/span><strong>What did brokerages say about the Trent Q2 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Jefferies said EBITDA was below its estimates and warned about input prices. HSBC said EBITDA beat by about 2%. Citi said revenue and EBITDA beat by 4% and 1% but prefers to wait for better valuation. Bernstein flagged slower store additions and lower productivity. No target prices were reported.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_replaces_Noel_Tata_as_Trent_chairman\"><\/span><strong>Who replaces Noel Tata as Trent chairman?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Noel N Tata retires as chairman and director on 11 November 2026, and Bahram Vakil succeeds him as chairman from 12 November. Tata Group rules require non-executive directors to retire at 70.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Trent_share_price_expensive_after_the_jump\"><\/span><strong>Is the Trent share price expensive after the jump?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Trent trades at a price to earnings of 84.22 against an industry figure of 60.81 and a price-to-book of 21.88. A return on equity of 24.62% supports part of the premium, but a high multiple can fall sharply on a miss. This is not a recommendation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_article_investment_advice\"><\/span><strong>Is this article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Why did the Trent share price jump today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Trent share price rose as much as 6.92% to Rs 3,060 on 30 October 2026 after Q2 FY27 results showed consolidated net profit up 25% to Rs 468 crore, revenue up 22% to Rs 5,873 crore and EBITDA up 37% to Rs 785 crore. 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Please check the figures against company filings and your own risk profile before you act on anything you read here.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Trent share price jumps 6% after Q2 FY27 results: net profit up 25%, Zudio hits 1,000 stores, brokerage views, valuation and Noel Tata&#8217;s exit explained.<\/p>\n","protected":false},"author":28,"featured_media":333174,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[18363,18362,18364,18359,18358,1228,18360,18365,8530,18361],"class_list":["post-333177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bahram-vakil-trent-chairman","tag-noel-tata-retire","tag-trent-brokerage-views","tag-trent-q2-fy27","tag-trent-q2-results","tag-trent-share-price","tag-trent-shares-jump","tag-trent-valuation","tag-westside","tag-zudio-1000th-store"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["333174"],"rank_math_title":["Trent Share Price Jumps 6% After Q2 FY27 Results"],"rank_math_description":["Trent share price jumps 6% after Q2 FY27 results: net profit up 25% to Rs 468 crore, Zudio hits 1,000 stores, brokerage views, valuation and Noel Tata's exit explained."],"rank_math_focus_keyword":["Trent share price"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/trent-share-price-jumps-6-after-q2-fy27-results-profit-up-25-zudio-s-1-000th.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/333177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=333177"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/333177\/revisions"}],"predecessor-version":[{"id":333178,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/333177\/revisions\/333178"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/333174"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=333177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=333177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=333177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}