Harish Bhat resigns as investors await Q2 results; Trent share price falls 3%

Harish Bhat has resigned from the board of Trent Ltd., the Tata Group's retail company that operates Westside and Zudio. In a letter shared on exchange filing, Bhat cited growing professional and personal commitments for his decision to step down.

In his resignation letter dated October 17, 2026, Bhat thanked Trent's board and chairman Noel N. Tata for the opportunity to contribute to the company's governance and strategic direction.

"It has been a pleasure and privilege to serve on the Board of Trent Ltd. for the past several years, and to participate actively in the deliberations of the Board," Bhat wrote in the letter addressed to Tata.

He also praised Tata's leadership, saying it had played an instrumental role in the company's rapid growth and transformation.

"Thank you very much for the opportunity that the Board and you have provided me, to contribute to the governance and strategic directions of the Company," Bhat added.

Harish Bhat has served on Trent board since 2014

Bhat joined Trent's board in April 2014 as a non-executive, non-independent director. He has held several senior positions across the Tata Group during his career.

He joined the group in 1987 as an officer in the Tata Administrative Service. He later served as brand custodian at Tata Sons.

Bhat also held leadership roles at Tata Global Beverages Ltd., where he served as managing director, and at Titan Company Ltd., where he was chief operating officer of its watches and jewellery businesses. He has also worked in the group's telecom business.

Bhat currently serves as a director at Tata Starbucks Pvt. Ltd. and Infiniti Retail Ltd. He is an alumnus of BITS Pilani and the Indian Institute of Management Ahmedabad.

Trent is part of the Tata Group and operates retail brands such as Westside and Zudio. The company has expanded its presence in India's organised retail market through its fashion and lifestyle businesses.

Trent Q2 results next week: What Zee Business estimates indicate

Trent is scheduled to announce its second-quarter results for the financial year 2026-27 next week. In a regulatory filing, the company said its board would meet on Thursday, October 29, to consider and approve the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026.

According to Zee Business estimates, Trent's standalone revenue is expected to rise 22.5 per cent year-on-year (YoY) to Rs 5,788 crore in the September quarter, compared with Rs 4,724 crore in the corresponding quarter last year.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are estimated to increase 26.7 per cent to Rs 1,030 crore from Rs 813 crore a year earlier.

The EBITDA margin is expected to improve to 17.8 per cent from 17.2 per cent in the year-ago quarter, indicating an improvement of 60 basis points.

Trent's profit after tax (PAT) is estimated to grow 18.6 per cent YoY to Rs 535 crore, compared with Rs 451 crore in the corresponding quarter last year.

Investors will track the company's revenue growth, profitability and margins when it announces its results. The performance of its Westside and Zudio businesses will also be in focus.

Trent share price

Trent shares were trading at Rs 2,873.70 on the NSE on Monday, October 19, down Rs 85, or 2.87 per cent, from the previous close, according to the market data provided.

The stock opened at Rs 2,958 and touched an intraday high of Rs 2,958 and a low of Rs 2,872. Trent had a market capitalisation of around Rs 1.02 lakh crore. Its 52-week high stood at Rs 3,399.70, while its 52-week low was Rs 2,183.66.

The upcoming quarterly results will be a key near-term trigger for the stock as investors assess the retailer's growth and earnings performance.