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Listen to this article in summarized format Intraday, the stock hit the daily permissible upper circuit of 10% at ₹2,832 on the BSE after the company reported a 23% year-on-year (YoY) rise in standalone revenue from operations to ₹5,788 crore for the quarter ended September 30, 2026, from ₹4,724 crore a year earlier. Read more: How a 9-year-old Warren Buffett learnt a lesson on compounding by rolling snowballs on the lawn of his Nebraska home The growth was the company's fastest in six quarters and marked only the second time in at least six quarters that revenue growth crossed 20%. Standalone revenue for the first half of FY27 rose 21% year-on-year to ₹11,454 crore. Brokerages turned more constructive following the update, citing better-than-expected revenue growth and signs of improving store productivity. Trent opened its 1,000th Zudio store during the quarter, while adding 17 Zudio and 10 Westside stores, taking its total store count to 1,342. Read more: Why junk bonds deliver equity-like returns but with far inferior volatility, explains Saurabh Mukherjea Goldman Sachs said Trent's revenue growth exceeded its estimates and sales productivity improved sequentially. Sales per store declined 1.7% in the second quarter, compared with a 5.6% decline in the first quarter. It raised its target price to ₹3,010 from ₹2,960. Morgan Stanley retained its Overweight rating and raised its target price to ₹3,406, saying Trent's 23% revenue growth beat its 20% estimate. Bernstein maintained an Outperform rating with a ₹3,500 target, calling the growth a strong positive surprise against its 18.5% estimate. Macquarie said momentum in same-store sales growth should improve from the first quarter, while Citi said revenue topped its expectations and the decline in revenue per square foot was the slowest in five quarters. Citi, however, retained its Sell rating with a ₹2,950 target, citing weak sales productivity, rising input costs and intensifying competition. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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