Trent Share Price Surges 10% as Zudio Crosses 1,000 Stores; Tata Group Stock in Focus

Trent share price surged 10% on October 6 after the Tata Group's retail arm reported strong Q2 FY27 business growth. The company posted a 23% year-on-year increase in standalone revenue to ₹5,788 crore for the quarter ended September 30, 2026, while its popular fashion brand Zudio crossed the 1,000-store milestone. Global brokerage BofA Securities has also initiated coverage on Trent with a 'Buy' rating and a ₹3,075 price target.

Trent Q2 FY27 Revenue Rises 23%

According to Trent's exchange filing, standalone revenue from operations rose 23% year-on-year to ₹5,788 crore in Q2 FY27, compared with ₹4,724 crore in the corresponding quarter last year.

For the first half of FY27, Trent's standalone revenue increased 21% to ₹11,454 crore, compared with ₹9,505 crore during H1 FY26. Revenue from merchandise sales, excluding other operating income, also increased 23% during Q2 and 21% during the first half.

Zudio Crosses 1,000-Store Milestone

The biggest operational highlight was Zudio's rapid expansion.

Trent crossed the 1,000-store milestone for Zudio during the September quarter. The company added 17 Zudio stores on a net basis during Q2 FY27, taking its overall retail portfolio to 1,342 stores across Zudio, Westside and other lifestyle brands as of September 30, 2026.

Trent also added 10 Westside stores during the quarter. In the first half of FY27, the company added 36 Zudio stores and 11 Westside stores on a net basis.

Trent Share Price Jumps 10%

The strong business update triggered a sharp reaction in Trent shares.

Trent shares surged 10% to ₹2,832.50, hitting the upper price band in early trade on October 6. The stock had closed at around ₹2,575 in the previous session.

Reuters reported that Trent shares rose nearly 11% at one point, marking their strongest performance since August 2024, with investors focusing on the company's store expansion and improving sales efficiency.

BofA Securities Gives 'Buy' Rating to Trent

Global brokerage BofA Securities has initiated coverage on Trent with a 'Buy' rating and a ₹3,075 price target.

The brokerage sees potential in Trent's differentiated retail platform, strong growth prospects and its technology and supply-chain capabilities. Based on the reported market price, the target implied significant potential upside.

Why Trent Stock Is in Focus

Trent's latest business update highlights three major growth drivers:

23% YoY growth in Q2 FY27 standalone revenue

1,000+ Zudio stores across the country

1,342 total stores across its retail portfolio

The rapid expansion of Zudio remains particularly important for Trent's growth strategy. The brand has continued to expand its presence across India's fashion retail market while Westside remains another key format within the company's portfolio.

Trent Stock: What Investors Should Watch

While the Q2 business update points to strong revenue growth and continued store expansion, investors should also watch Trent's upcoming financial results for profit growth, margins, operating expenses and store-level productivity.

The Q2 business update primarily provides revenue and operating information and does not by itself provide the complete picture of the company's quarterly profitability.