Tata Group’s retail arm Trent on Friday saw its September-quarter net profit and revenue come below Street estimates, as the company had to contend with growing competition in apparel retail. It, however, continued to add stores during the quarter.

Trent also said that its board had approved tendering of its entire stake of 94,900 equity shares in Inditex Trent Retail India (ITRIPL) under the latter’s share buyback programme. ITRIPL, a 51:49 JV, runs Zara stores. Trent has been trimming stake in the JV over the last two years. It currently has a 34.94% stake in the company.

Trent reported an 11.3% year-on-year (y-o-y) rise in its consolidated net profit to `377 crore for the second quarter of FY26, below Street estimates of `446 crore. Trent flagged muted consumer sentiment in Q2, am

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