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Tata-owned retailer Trent Ltd, reported a 11 per cent rise in net profit on decent sales growth in the September quarter, led by new stores. The company also announced reducing its stake in joint venture, Inditex Trent Retail India, which operates Zara stores in India. Inditex Trent said it was buying back 94,900 shares from its shareholders through the tender offer route. Trent said it has “considered and approved tendering of 94,900 Equity Shares” held by it in Inditex Trent. Trent’s stake in the JV is down to 34.94 per cent from 49 per cent last year. Trent reported a consolidated net profit of ₹377 crore on revenue of ₹4818 crore. “The consumer sentiment in the second quarter was relatively muted, and we also witnessed headwinds given unseasonal rains,” the company said. During the quarter it opened 19 Westside and 44 Zudio stores, while it also launched the youth-focused fashion brand ‘Burnt Toast’. It ended the second quarter with 261 Westside stories, 806 Zudio stores and 34 other stores across its lifestyle portfolio. It said it was also adding presence in newer cities across tier 2-3 markets, as well as emerging catchments near metro cities. Operating EBITDA at ₹575 crore was 14 per cent higher on year. “We remain focused on portfolio growth, elevating our products and enhancing store experience for our customers,” said Chairman Noel Tata. He said that cut in GST rates would augur well for our product categories over time. “We are excited and remain on track to build a sizable and scalable pure play direct-to customer business across customer segments in the context of the market size and opportunity,” he added. Like for like growth for its fashion portfolio in Q2FY26 was in low single digits. The emerging categories, including beauty & personal care, innerwear and footwear contributed to over a fifth of total revenues. Online revenues rose 56 per cent and contributed to over 6 per cent of Westside revenues. Published on November 7, 2025
