Trent's Q1 revenue climbs 19% as Zudio network nears 1,000 stores

Shares of Trent Ltd will be in focus on Tuesday after the Tata Group retailer reported a 19% year-on-year increase in standalone revenue for the June quarter, supported by continued expansion across its Westside and Zudio formats.

Standalone revenue from operations, excluding GST, rose to ₹5,666 crore in the first quarter of FY27 from ₹4,781 crore a year earlier. Revenue from the sale of merchandise, excluding other operating income, also increased 19% during the quarter.

The company continued to expand its retail footprint during the quarter. As of June 30, 2026, Trent's portfolio comprised 1,312 stores, including 301 Westside outlets, 982 Zudio stores—of which seven are in the UAE—and 29 stores across its other lifestyle concepts. During the quarter, the retailer recorded a net addition of one Westside store and 19 Zudio outlets.

The update builds on Trent's strong momentum in the March quarter, when it reported robust earnings and announced a 1:2 bonus issue.

For the quarter ended March 2026, Trent reported a 32.5% year-on-year increase in net profit to ₹413 crore, while revenue grew 19.2% to ₹5,028 crore. EBITDA surged 42.3% to ₹927.8 crore, comfortably ahead of market expectations, while EBITDA margin expanded to 18.5% from 15.5% a year earlier.

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Store additions also remained strong during the March quarter, with Westside adding 22 stores and Zudio opening 109 outlets, taking the retailer's network to 1,286 stores at the end of FY26.

Trent has remained one of India's fastest-growing organised retailers, with Zudio continuing to drive much of its expansion strategy while Westside strengthens its presence across premium fashion and lifestyle categories.

Ahead of the business update, shares of Trent Ltd ended marginally lower at ₹3,340.10 on the NSE on Monday.