Trent just dropped its Q2 FY26 numbers, and it’s a bit of a mixed bag this time.
- Revenue up 16% YoY to ₹4,818 crore
- Net profit up 11% to ₹373 crore
- But margins? EBITDA down to 10.2% (vs 11% last year) as expansion costs start to bite
- Added 63 new stores this quarter (44 Zudio, 19 Westside) including new ones in UAE
- Total store count now over 1,100 across formats
The topline story is still solid. Zudio continues to lead growth in Tier-2 and Tier-3 cities, and new private labels are building momentum. But that growth is clearly coming at the cost of short-term profitability.
On the weekly chart, Trent has slipped about 7% post results and is now hovering near ₹4,300; its lowest in nearly a year. The broader structure looks weak with lower highs forming through 2025, hinting that the trend may be cooling off.So what’s the move here? Is this dip just another accumulation zone before the next leg up, or will Trent take more time to rebuild momentum while margins recover? Long-term story still looks strong given its scale, brand strength, and Tata backing. But the near-term chart and margin trends make it a tougher call right now.What’s everyone thinking?
Are you buying this dip or waiting for clearer signs of a turnaround?