{"id":333780,"date":"2026-10-30T15:50:21","date_gmt":"2026-10-30T10:20:21","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=333780"},"modified":"2026-10-30T15:50:21","modified_gmt":"2026-10-30T10:20:21","slug":"trent-share-price-q2-results-margin-growth-can-it-sustain-momentum","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/trent-share-price-q2-results-margin-growth-can-it-sustain-momentum\/","title":{"rendered":"Trent Share Price Jumps 5.44% to Rs 3,017 on 30 October 2026 as Trent Q2 Results Show 25% Profit Growth and 120 bps Gross Margin Gain: Can Trent Stock Sustain the Momentum?"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Trent share price Rs 3,017.30 (30 Oct close), up 5.44%. Q2 PAT Rs 468 crore, up 25%. Revenue Rs 5,873 crore, up 22%. Gross margin up 120 bps to 44.5%. P\/E 84.<\/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;\">Trent share price rose 5.44% to Rs 3,017.30 on the NSE at the close on 30 October 2026 after Trent Q2 results showed consolidated net profit up 25% to Rs 468 crore, revenue up 22% to Rs 5,873 crore and operating EBITDA up 37% to Rs 785 crore, with gross margin expanding 120 basis points to 44.5% on premiumisation. Like-for-like growth recovered to mid-single digits and the company added 17 Zudio and 10 Westside stores in the quarter. Brokerages such as Jefferies and Bernstein welcomed the margin resilience but flagged input-cost inflation, an 8.4% fall in revenue per square foot and a trailing P\/E of 84 times as reasons the momentum needs the second half of FY27 to confirm it.<\/p>\n<\/p><\/div>\n<p>The <strong>Trent share price<\/strong> jumped 5.44% to Rs 3,017.30 on 30 October 2026, its best day since the 11% surge on 6 October, after the Trent Q2 results showed the Tata Group retailer growing profit 25% and expanding <strong>gross margin<\/strong> by 120 basis points in a quarter when most consumer companies were squeezed by input costs. The question for investors in Trent stock after the Trent Q2 results is whether this is the start of a re-rating after a difficult year or a one-quarter relief rally.<\/p>\n<p>This article covers what the Trent Q2 results showed across <strong>Zudio<\/strong>, <strong>Westside<\/strong> and Star, why the <strong>Trent share price<\/strong> reacted so strongly, what brokerages are saying about margins and growth, the valuation at 84 times trailing earnings, and the signals that will tell whether Trent stock can sustain the momentum through the second half of FY27.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=discover\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/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-q2-results-margin-growth-can-it-sustain-momentum\/#Trent_Share_Price_Today_Key_Data_on_30_October_2026\" title=\"Trent Share Price Today: Key Data on 30 October 2026\">Trent Share Price Today: Key Data on 30 October 2026<\/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-q2-results-margin-growth-can-it-sustain-momentum\/#Trent_Q2_Results_Profit_Up_25_Revenue_Up_22_Margin_Resilient\" title=\"Trent Q2 Results: Profit Up 25%, Revenue Up 22%, Margin Resilient\">Trent Q2 Results: Profit Up 25%, Revenue Up 22%, Margin Resilient<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/trent-share-price-q2-results-margin-growth-can-it-sustain-momentum\/#Zudio_and_Westside_Growth_and_Like-for-Like_Recovery\" title=\"Zudio and Westside: Growth and Like-for-Like Recovery\">Zudio and Westside: Growth and Like-for-Like Recovery<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/trent-share-price-q2-results-margin-growth-can-it-sustain-momentum\/#Star_and_the_Soft_Spots\" title=\"Star and the Soft Spots\">Star and the Soft Spots<\/a><\/li><\/ul><\/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-q2-results-margin-growth-can-it-sustain-momentum\/#Why_Did_Trent_Share_Price_Jump_After_the_Q2_Results\" title=\"Why Did Trent Share Price Jump After the Q2 Results?\">Why Did Trent Share Price Jump After the Q2 Results?<\/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-q2-results-margin-growth-can-it-sustain-momentum\/#Can_Trent_Stock_Sustain_the_Momentum_After_the_Trent_Q2_Results\" title=\"Can Trent Stock Sustain the Momentum After the Trent Q2 Results?\">Can Trent Stock Sustain the Momentum After the Trent Q2 Results?<\/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-q2-results-margin-growth-can-it-sustain-momentum\/#Trent_Share_Price_Valuation_and_Levels_to_Watch\" title=\"Trent Share Price Valuation and Levels to Watch\">Trent Share Price Valuation and Levels to Watch<\/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-q2-results-margin-growth-can-it-sustain-momentum\/#Should_You_Buy_Trent_Shares_After_the_Q2_Results\" title=\"Should You Buy Trent Shares After the Q2 Results?\">Should You Buy Trent Shares After the Q2 Results?<\/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-q2-results-margin-growth-can-it-sustain-momentum\/#Conclusion\" title=\"Conclusion\">Conclusion<\/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-q2-results-margin-growth-can-it-sustain-momentum\/#Frequently_Asked_Questions_on_Trent_Share_Price_and_Q2_Results\" title=\"Frequently Asked Questions on Trent Share Price and Q2 Results\">Frequently Asked Questions on Trent Share Price and Q2 Results<\/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-q2-results-margin-growth-can-it-sustain-momentum\/#What_is_the_Trent_share_price_today_30_October_2026\" title=\"What is the Trent share price today, 30 October 2026?\">What is the Trent share price today, 30 October 2026?<\/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-q2-results-margin-growth-can-it-sustain-momentum\/#What_were_the_Trent_Q2_results_for_FY27\" title=\"What were the Trent Q2 results for FY27?\">What were the Trent Q2 results for FY27?<\/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-q2-results-margin-growth-can-it-sustain-momentum\/#Why_did_Trent_share_price_jump_5_after_Q2_results\" title=\"Why did Trent share price jump 5% after Q2 results?\">Why did Trent share price jump 5% after Q2 results?<\/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-q2-results-margin-growth-can-it-sustain-momentum\/#Can_Trent_stock_sustain_its_momentum_after_Q2_results\" title=\"Can Trent stock sustain its momentum after Q2 results?\">Can Trent stock sustain its momentum after Q2 results?<\/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-q2-results-margin-growth-can-it-sustain-momentum\/#What_is_the_Trent_share_price_target_after_Q2_results\" title=\"What is the Trent share price target after Q2 results?\">What is the Trent share price target after 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-q2-results-margin-growth-can-it-sustain-momentum\/#How_many_stores_did_Trent_add_in_Q2_FY27\" title=\"How many stores did Trent add in Q2 FY27?\">How many stores did Trent add in Q2 FY27?<\/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-q2-results-margin-growth-can-it-sustain-momentum\/#Is_Trent_expensive_at_84_times_earnings\" title=\"Is Trent expensive at 84 times earnings?\">Is Trent expensive at 84 times earnings?<\/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-q2-results-margin-growth-can-it-sustain-momentum\/#Should_I_buy_Trent_shares_now\" title=\"Should I buy Trent shares now?\">Should I buy Trent shares now?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Trent_Share_Price_Today_Key_Data_on_30_October_2026\"><\/span><strong>Trent Share Price Today: Key Data on 30 October 2026<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>Trent share price<\/strong> opened at Rs 3,018 on the NSE, rose to a high of Rs 3,060, dipped to Rs 2,980 and closed at Rs 3,017.30, up Rs 155.60 or 5.44% from the previous close of Rs 2,861.70, on heavy volume of 44.3 lakh shares. The Trent stock was the biggest gainer in the Nifty 50 on a day the index rose 0.51% and the Nifty 500 fell, which shows the Trent Q2 results drew buying that the broader market did not.<\/p>\n<table>\n<thead>\n<tr>\n<th>Metric<\/th>\n<th>Value (30 October 2026)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>NSE symbol<\/td>\n<td>TRENT<\/td>\n<\/tr>\n<tr>\n<td>Trent share price (close)<\/td>\n<td>Rs 3,017.30 (up 5.44%)<\/td>\n<\/tr>\n<tr>\n<td>Day&#x27;s range<\/td>\n<td>Rs 2,980 to Rs 3,060<\/td>\n<\/tr>\n<tr>\n<td>Previous close<\/td>\n<td>Rs 2,861.70<\/td>\n<\/tr>\n<tr>\n<td>NSE volume<\/td>\n<td>44.3 lakh shares<\/td>\n<\/tr>\n<tr>\n<td>Market capitalisation<\/td>\n<td>Rs 1,52,824 crore<\/td>\n<\/tr>\n<tr>\n<td>P\/E ratio (TTM)<\/td>\n<td>84.22<\/td>\n<\/tr>\n<tr>\n<td>Industry P\/E<\/td>\n<td>60.81<\/td>\n<\/tr>\n<tr>\n<td>P\/B ratio<\/td>\n<td>21.88<\/td>\n<\/tr>\n<tr>\n<td>ROE<\/td>\n<td>24.62%<\/td>\n<\/tr>\n<tr>\n<td>Debt to equity<\/td>\n<td>0.37<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Source: NSE, BSE and exchange data. Prices are as of the close on 30 October 2026.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Trent_Q2_Results_Profit_Up_25_Revenue_Up_22_Margin_Resilient\"><\/span><strong>Trent Q2 Results: Profit Up 25%, Revenue Up 22%, Margin Resilient<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Trent Q2 results for the quarter ended 30 September 2026, announced on 29 October, showed consolidated revenue from operations of Rs 5,873.14 crore, up 21.9% year on year from Rs 4,818 crore, and consolidated net profit of Rs 468.09 crore, up 25.3% from Rs 373.42 crore. Operating <strong>EBITDA<\/strong> rose 37% year on year to Rs 785 crore, and standalone revenue excluding GST grew 23% to Rs 5,788 crore. For the first half of FY27 revenue grew 20% to Rs 11,628 crore and net profit rose 24% to Rs 986 crore, so the Trent Q2 results extend a consistent run.<\/p>\n<table>\n<thead>\n<tr>\n<th>Trent Q2 results metric<\/th>\n<th>Q2 FY27<\/th>\n<th>Q2 FY26<\/th>\n<th>YoY change<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Revenue from operations<\/td>\n<td>Rs 5,873.14 crore<\/td>\n<td>Rs 4,818 crore<\/td>\n<td>Up 21.9%<\/td>\n<\/tr>\n<tr>\n<td>Standalone revenue (ex GST)<\/td>\n<td>Rs 5,788 crore<\/td>\n<td>Rs 4,724 crore<\/td>\n<td>Up 23%<\/td>\n<\/tr>\n<tr>\n<td>Operating EBITDA<\/td>\n<td>Rs 785 crore<\/td>\n<td>Rs 573 crore<\/td>\n<td>Up 37%<\/td>\n<\/tr>\n<tr>\n<td>Reported EBITDA (Ind AS)<\/td>\n<td>Rs 1,059.92 crore<\/td>\n<td><\/td>\n<td>Margin flat at 18.0%<\/td>\n<\/tr>\n<tr>\n<td>Gross margin<\/td>\n<td>44.5%<\/td>\n<td>43.3%<\/td>\n<td>Up 120 bps<\/td>\n<\/tr>\n<tr>\n<td>Operating margin<\/td>\n<td>12.1%<\/td>\n<td>11.6%<\/td>\n<td>Up 50 bps<\/td>\n<\/tr>\n<tr>\n<td>Net profit<\/td>\n<td>Rs 468.09 crore<\/td>\n<td>Rs 373.42 crore<\/td>\n<td>Up 25.3%<\/td>\n<\/tr>\n<tr>\n<td>Net profit margin<\/td>\n<td>8.5%<\/td>\n<td>7.7%<\/td>\n<td>Up 80 bps<\/td>\n<\/tr>\n<tr>\n<td>Net store additions<\/td>\n<td>17 Zudio, 10 Westside<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Retail area growth<\/td>\n<td>Up 26% YoY<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Source: Trent Q2 FY27 press release and exchange filing dated 29 October 2026, Bernstein and Jefferies result notes. The year-ago figures are derived from the reported growth rates.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Zudio_and_Westside_Growth_and_Like-for-Like_Recovery\"><\/span><strong>Zudio and Westside: Growth and Like-for-Like Recovery<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Zudio<\/strong>, the value fashion format, remains the growth engine, with 17 net <strong>store additions<\/strong> in the quarter taking retail area up 26% year on year, while <strong>Westside<\/strong> added 10 stores. More important for the <strong>Trent share price<\/strong> and the Trent stock re-rating case was the recovery in <strong>like-for-like<\/strong> growth to mid-single digits after two quarters of weak same-store sales, which addressed the market&#8217;s biggest worry from the June quarter, when Trent&#8217;s 20% growth fell short of its 35% five-year compound rate and the Trent stock crashed 11% in a day. Bernstein noted that premiumisation and product elevation lifted <strong>gross margin<\/strong> to 44.5%, a 120 basis point improvement.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Star_and_the_Soft_Spots\"><\/span><strong>Star and the Soft Spots<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The Star grocery business grew revenue by more than 20% in the Trent Q2 results, a steady contribution from the format that has historically dragged on group margins. The soft spots in the Trent Q2 results were revenue productivity, which fell 8.4% year on year per square foot as new stores dilute the base, and Jefferies&#8217; observation that pre-Ind AS <strong>EBITDA<\/strong>, despite 37% growth, came in below its estimate. Both point to the same issue in the Trent Q2 results: Trent is growing by adding floor space faster than it is growing sales per store.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live Trent stock data<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Did_Trent_Share_Price_Jump_After_the_Q2_Results\"><\/span><strong>Why Did Trent Share Price Jump After the Q2 Results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>Trent share price<\/strong> jumped because the Trent Q2 results beat on the two metrics the market was most worried about, <strong>gross margin<\/strong> and <strong>like-for-like<\/strong> growth, in a quarter when input-cost inflation was expected to hurt both. A 120 basis point gross margin gain and a return to mid-single digit same-store growth told investors that the June-quarter slowdown was not the start of a structural problem. Add 25% profit growth and 37% operating EBITDA growth from the Trent Q2 results, and the Trent stock, which had fallen sharply from its 2025 highs, had room to bounce.<\/p>\n<p>Brokerage commentary on the <strong>Trent share price<\/strong> was broadly positive but measured. Jefferies highlighted the margin expansion but warned that higher input prices could cloud the near-term margin outlook and weigh on demand. Bernstein pointed to the 22% standalone revenue growth and 26% area expansion in the Trent Q2 results as evidence that the store roll-out is on track. Neither brokerage called the Trent Q2 results a blowout, which is why the <strong>Trent share price<\/strong> rose 5% rather than 10%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Can_Trent_Stock_Sustain_the_Momentum_After_the_Trent_Q2_Results\"><\/span><strong>Can Trent Stock Sustain the Momentum After the Trent Q2 Results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Trent stock can sustain the momentum from the Trent Q2 results only if the second half of FY27 shows <strong>like-for-like<\/strong> growth staying in mid-single digits while <strong>gross margin<\/strong> holds near 44% despite input inflation, because at 84 times trailing earnings the <strong>Trent share price<\/strong> is paying for both growth and margin, not one or the other. The bull case is that <strong>Zudio<\/strong> still has years of <strong>store additions<\/strong> ahead in tier 2 and tier 3 cities, Westside&#8217;s premiumisation is working, and Star has turned the corner, which together support 20% plus revenue growth and 25% plus profit growth for several years and a higher Trent share price.<\/p>\n<p>The bear case for the Trent share price rests on three numbers: revenue per square foot down 8.4%, reported Ind AS <strong>EBITDA<\/strong> margin flat at 18% despite the gross margin gain, and a P\/E of 84 against an industry average of 61. If the festive quarter shows slower same-store growth or a margin squeeze from cotton and freight costs, the Trent Q2 results will look like a high point rather than a base, and the Trent stock would give back Friday&#8217;s gain quickly.<\/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 track the Trent share price live and get daily stock research.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Trent_Share_Price_Valuation_and_Levels_to_Watch\"><\/span><strong>Trent Share Price Valuation and Levels to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>At Rs 3,017.30 the <strong>Trent share price<\/strong> trades at 84 times trailing earnings and 22 times book value, with return on equity of 24.6% and modest leverage at a debt to equity of 0.37. That valuation of the Trent stock is roughly 40% above the retail industry P\/E and leaves no room for a growth miss, but it is also well below the 100 times plus multiples Trent commanded at its 2025 peak, which is why a strong quarter produced a 5% jump.<\/p>\n<table>\n<thead>\n<tr>\n<th>Valuation metric<\/th>\n<th>Trent (30 October 2026)<\/th>\n<th>Comment<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Trailing P\/E<\/td>\n<td>84.22<\/td>\n<td>About 40% premium to the industry P\/E of 60.81<\/td>\n<\/tr>\n<tr>\n<td>P\/B ratio<\/td>\n<td>21.88<\/td>\n<td>Reflects asset-light store model<\/td>\n<\/tr>\n<tr>\n<td>ROE<\/td>\n<td>24.62%<\/td>\n<td>Supported by Zudio&#x27;s capital efficiency<\/td>\n<\/tr>\n<tr>\n<td>Debt to equity<\/td>\n<td>0.37<\/td>\n<td>Comfortable<\/td>\n<\/tr>\n<tr>\n<td>Dividend yield<\/td>\n<td>0.09%<\/td>\n<td>Growth stock, minimal payout<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Source: NSE and exchange data as of 30 October 2026. On the Trent share price chart, Rs 3,060, Friday&#8217;s high, is the immediate resistance, followed by the Rs 3,150 to 3,200 zone from early October. Support sits at Rs 2,980, Friday&#8217;s low, and then Rs 2,860, the pre-results close. A Trent share price close above Rs 3,060 on volume would confirm the breakout; a slide back below Rs 2,860 would mean the post-results rally has been sold.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Should_You_Buy_Trent_Shares_After_the_Q2_Results\"><\/span><strong>Should You Buy Trent Shares After the Q2 Results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Buying Trent stock after the Trent Q2 results is a bet that the same-store recovery and margin resilience are durable, and the risk-reward is better than it was a year ago because the valuation has already compressed. Existing investors have a strong case to hold the Trent stock, since the Trent Q2 results removed the main bear argument. New investors may prefer to wait for a Trent share price pullback towards Rs 2,900 to 2,950 rather than chase a 5% up day, and to watch the Q3 FY27 festive-quarter update in early January as the real test of whether Trent stock can sustain the momentum. Consult a SEBI-registered financial advisor before buying.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=discover\"><strong>Subscribe to Univest Pro for premium retail stock research<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>Trent share price<\/strong> at Rs 3,017.30 on 30 October 2026 reflects relief that the Trent Q2 results delivered 25% profit growth, a 120 basis point <strong>gross margin<\/strong> gain to 44.5% and a return to mid-single digit <strong>like-for-like<\/strong> growth, with 17 <strong>Zudio<\/strong> and 10 <strong>Westside<\/strong> store additions keeping the expansion story intact. Whether Trent stock sustains the momentum depends on the festive quarter confirming that same-store growth and margins can hold together while input costs rise, because at 84 times earnings the market will not forgive a miss on either.<\/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_on_Trent_Share_Price_and_Q2_Results\"><\/span><strong>Frequently Asked Questions on Trent Share Price and Q2 Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Trent_share_price_today_30_October_2026\"><\/span><strong>What is the Trent share price today, 30 October 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Trent share price closed at Rs 3,017.30 on the NSE on 30 October 2026, up Rs 155.60 or 5.44% from the previous close of Rs 2,861.70. The stock opened at Rs 3,018, rose to a high of Rs 3,060 and dipped to Rs 2,980 during the session on volume of 44.3 lakh shares. Trent stock was the top gainer in the Nifty 50 on the day, with a market capitalisation of about Rs 1,52,824 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_the_Trent_Q2_results_for_FY27\"><\/span><strong>What were the Trent Q2 results for FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Trent Q2 results for the quarter ended 30 September 2026 showed consolidated revenue from operations of Rs 5,873.14 crore, up 21.9% year on year, and consolidated net profit of Rs 468.09 crore, up 25.3%. Operating EBITDA rose 37% to Rs 785 crore, gross margin expanded 120 basis points to 44.5%, and like-for-like growth recovered to mid-single digits. The company added 17 Zudio and 10 Westside stores, taking retail area up 26%, and Star revenue grew more than 20%. First-half revenue rose 20% to Rs 11,628 crore with net profit up 24% to Rs 986 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_Trent_share_price_jump_5_after_Q2_results\"><\/span><strong>Why did Trent share price jump 5% after Q2 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Trent share price jumped 5.44% on 30 October 2026 because the Trent Q2 results beat market expectations on gross margin, which rose 120 basis points to 44.5%, and on like-for-like growth, which recovered to mid-single digits after two weak quarters. Those were the two metrics investors were most worried about after the June quarter growth miss. Profit growth of 25% and operating EBITDA growth of 37% added to the positive reaction, with brokerages such as Jefferies and Bernstein highlighting the margin resilience.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_Trent_stock_sustain_its_momentum_after_Q2_results\"><\/span><strong>Can Trent stock sustain its momentum after Q2 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Trent stock can sustain its momentum if the second half of FY27 shows like-for-like growth holding in mid-single digits and gross margin staying near 44% despite input-cost inflation, because the Trent stock trades at 84 times trailing earnings and needs both growth and margins to hold. Supporting factors are Zudio&#x27;s long store roll-out runway, Westside&#x27;s premiumisation and Star&#x27;s 20% plus growth. Risks are the 8.4% fall in revenue per square foot, flat Ind AS EBITDA margin at 18% and the premium valuation. The festive-quarter update in January is the next test.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Trent_share_price_target_after_Q2_results\"><\/span><strong>What is the Trent share price target after Q2 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Brokerages have not published a consensus Trent share price target immediately after the Trent Q2 results, but Jefferies and Bernstein both issued constructive notes highlighting margin resilience and store expansion while flagging input-cost risks. On the charts, Rs 3,060 is the immediate resistance, followed by Rs 3,150 to 3,200, with support at Rs 2,980 and Rs 2,860. Investors should wait for updated brokerage targets and treat chart levels as reference points rather than forecasts.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_many_stores_did_Trent_add_in_Q2_FY27\"><\/span><strong>How many stores did Trent add in Q2 FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Trent added a net 17 Zudio stores and 10 Westside stores in the Trent Q2 results period, taking its retail area up 26% year on year. Zudio, the value fashion format, remains the main driver of expansion, particularly in tier 2 and tier 3 cities, while Westside is focused on premiumisation of its product mix. The rapid store additions explain why revenue per square foot fell 8.4% year on year even as total revenue grew 22%, since new stores take time to mature.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Trent_expensive_at_84_times_earnings\"><\/span><strong>Is Trent expensive at 84 times earnings?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Trent stock at 84 times trailing earnings trades at about a 40% premium to the retail industry P\/E of 60.81, which is expensive on conventional metrics but lower than the 100 times plus multiples the stock commanded at its 2025 peak. The premium reflects 20% plus revenue growth, 25% profit growth, a 24.6% return on equity and the long runway for Zudio store additions. The valuation leaves no room for a growth or margin miss, which is why the Trent share price fell sharply after the June quarter update and why the Trent Q2 results beat produced a 5% rebound.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_I_buy_Trent_shares_now\"><\/span><strong>Should I buy Trent shares now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Buying Trent stock now depends on your view of whether the Trent Q2 results recovery in like-for-like growth and gross margin is durable. Existing investors have a case to hold the Trent stock because the quarter addressed the main concerns from June. New investors may prefer to wait for a Trent share price pullback towards Rs 2,900 to 2,950 rather than buy after a 5.44% up day, and to watch the Q3 festive-quarter update for confirmation. This is not investment advice; consult a SEBI-registered financial advisor before making a decision.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Trent share price today, 30 October 2026?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Trent share price closed at Rs 3,017.30 on the NSE on 30 October 2026, up Rs 155.60 or 5.44% from the previous close of Rs 2,861.70. The stock opened at Rs 3,018, rose to a high of Rs 3,060 and dipped to Rs 2,980 during the session on volume of 44.3 lakh shares. Trent stock was the top gainer in the Nifty 50 on the day, with a market capitalisation of about Rs 1,52,824 crore.\"}},{\"@type\":\"Question\",\"name\":\"What were the Trent Q2 results for FY27?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Trent Q2 results for the quarter ended 30 September 2026 showed consolidated revenue from operations of Rs 5,873.14 crore, up 21.9% year on year, and consolidated net profit of Rs 468.09 crore, up 25.3%. Operating EBITDA rose 37% to Rs 785 crore, gross margin expanded 120 basis points to 44.5%, and like-for-like growth recovered to mid-single digits. The company added 17 Zudio and 10 Westside stores, taking retail area up 26%, and Star revenue grew more than 20%. First-half revenue rose 20% to Rs 11,628 crore with net profit up 24% to Rs 986 crore.\"}},{\"@type\":\"Question\",\"name\":\"Why did Trent share price jump 5% after Q2 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Trent share price jumped 5.44% on 30 October 2026 because the Trent Q2 results beat market expectations on gross margin, which rose 120 basis points to 44.5%, and on like-for-like growth, which recovered to mid-single digits after two weak quarters. Those were the two metrics investors were most worried about after the June quarter growth miss. 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The festive-quarter update in January is the next test.\"}},{\"@type\":\"Question\",\"name\":\"What is the Trent share price target after Q2 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Brokerages have not published a consensus Trent share price target immediately after the Trent Q2 results, but Jefferies and Bernstein both issued constructive notes highlighting margin resilience and store expansion while flagging input-cost risks. On the charts, Rs 3,060 is the immediate resistance, followed by Rs 3,150 to 3,200, with support at Rs 2,980 and Rs 2,860. Investors should wait for updated brokerage targets and treat chart levels as reference points rather than forecasts.\"}},{\"@type\":\"Question\",\"name\":\"How many stores did Trent add in Q2 FY27?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Trent added a net 17 Zudio stores and 10 Westside stores in the Trent Q2 results period, taking its retail area up 26% year on year. Zudio, the value fashion format, remains the main driver of expansion, particularly in tier 2 and tier 3 cities, while Westside is focused on premiumisation of its product mix. The rapid store additions explain why revenue per square foot fell 8.4% year on year even as total revenue grew 22%, since new stores take time to mature.\"}},{\"@type\":\"Question\",\"name\":\"Is Trent expensive at 84 times earnings?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Trent stock at 84 times trailing earnings trades at about a 40% premium to the retail industry P\/E of 60.81, which is expensive on conventional metrics but lower than the 100 times plus multiples the stock commanded at its 2025 peak. The premium reflects 20% plus revenue growth, 25% profit growth, a 24.6% return on equity and the long runway for Zudio store additions. The valuation leaves no room for a growth or margin miss, which is why the Trent share price fell sharply after the June quarter update and why the Trent Q2 results beat produced a 5% rebound.\"}},{\"@type\":\"Question\",\"name\":\"Should I buy Trent shares now?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Buying Trent stock now depends on your view of whether the Trent Q2 results recovery in like-for-like growth and gross margin is durable. Existing investors have a case to hold the Trent stock because the quarter addressed the main concerns from June. New investors may prefer to wait for a Trent share price pullback towards Rs 2,900 to 2,950 rather than buy after a 5.44% up day, and to watch the Q3 festive-quarter update for confirmation. This is not investment advice; consult a SEBI-registered financial advisor before making a decision.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Trent share price jumped 5.44% to Rs 3,017 after Q2 results showed 25% profit growth and a 120 bps gross margin gain. Can Trent stock sustain the momentum at 84 times earnings?<\/p>\n","protected":false},"author":35,"featured_media":333779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5331],"tags":[7038,5070,8528,18358,1228,8530,8529],"class_list":["post-333780","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-https-univest-in-blogs-category-results","tag-q2-fy27-results","tag-retail-stocks","tag-trent","tag-trent-q2-results","tag-trent-share-price","tag-westside","tag-zudio"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["333779"],"rank_math_title":["Trent Share Price Jumps 5% on Trent Q2 Results: Can It Sustain?"],"rank_math_description":["Trent share price rose 5.44% to Rs 3,017 on 30 October 2026 as Trent Q2 results showed profit up 25%, gross margin up 120 bps. 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