Trent's Q2 update disappointed Street, but outlook still bullish

Trent's Y-o-Y store growth accelerated vs Q1. With Westside adding 13 stores, Y-o-Y store growth was 15 per cent in Q2 vs 9 per cent in Q1

Trent’s update for July-September quarter (Q2) of FY26 led to some selling, with the fashion and lifestyle retailer reporting year-on-year (Y-o-Y) sales growth of 17 per cent, which was a moderation from 20 per cent Y-o-Y sales growth reported in the April-June quarter (Q1) of FY26. Growth in Q1FY26 itself had slowed from earlier 25 per cent due to one-off factors such as the early monsoon, drop in footfall during the India-Pakistan conflict, and one-off sourcing disruptions, per management. The further slowdown in Q2 indicates headwinds.

 

Trent’s Y-o-Y store growth accelerated vs Q1. With Westside adding 13 stores, Y-o-Y store