Harish Bhat has resigned as Non-Executive, Non-Independent Director of Trent after serving on the board for more than 12 years. His resignation took effect on Sunday, October 17, citing growing professional and personal commitments, ahead of the company's Q2 FY27 results scheduled for October 29.
Trent disclosed Bhat's resignation in a regulatory filing to the stock exchanges on October 18. In his resignation letter dated October 17 and addressed to Trent Chairman Noel N. Tata, Bhat requested that his resignation be accepted and thanked the board 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 his letter. He also praised Tata's leadership, which he said had been instrumental in the company's growth and transformation, and wished Trent continued success.
Harish Bhat's tenure on Trent boardBhat joined Trent's board in April 2014 and served for more than 12 years. During his tenure, he participated in board deliberations and contributed to discussions on the company's governance and strategic direction.
In its October 18 filing, Trent confirmed that his resignation was effective from October 17. The disclosure was made under Regulation 30 of the Securities and Exchange Board of India's Listing Obligations and Disclosure Requirements Regulations, 2015.
The company cited Bhat's existing and growing professional and personal commitments as the reason for his departure. The filing did not indicate any other reason for the resignation. Harish Bhat's career across Tata GroupBhat joined the Tata Group in 1987 as an officer in the Tata Administrative Service.
Over the course of his career, he held several senior positions across the group's businesses. He previously served as Brand Custodian at Tata Sons and Managing Director of Tata Global Beverages. He also held leadership roles as Chief Operating Officer of the watches and jewellery businesses at Titan Company and in the group's telecom business.
Bhat also serves as a director at Tata Starbucks Private and Infiniti Retail. His career across the Tata Group has spanned consumer brands, beverages, retail, jewellery and telecommunications. Trent Q2 update: Revenue growth and store expansionAs per the latest exchange filing, Trent reported a 23% year-on-year increase in standalone revenue from operations, excluding GST, to ₹5,788 crore in the September quarter , compared with ₹4,724 crore in the corresponding quarter last year.
For the first half of FY27, revenue rose 21% year-on-year to ₹11,454 crore, up from ₹9,505 crore a year earlier. The company said revenue from the sale of merchandise, excluding other operating income, also grew 23% in Q2 FY27 and 21% during the first half of the financial year.
On the retail expansion front, Trent crossed a key milestone during the quarter by opening its 1,000th Zudio store. As of September 30, 2026, the company's portfolio comprised 1,342 stores across Westside, Zudio and other lifestyle brands. During the quarter, Trent added a net 10 Westside stores and 17 Zudio stores, taking the net additions in the first half of FY27 to 11 Westside outlets and 36 Zudio stores.
Trent Q2 dividend updateTrent's board is scheduled to meet on October 29, 2026, to consider and approve its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The company has not specified the results announcement time in the board meeting filing.
Trent has not announced a dividend alongside its Q2 FY27 business update. Its last dividend announcement was on June 12, 2026, when the company declared a final dividend of ₹4 per share. Trent share priceShares of Trent closed 2.3% lower at ₹2,891.60 on Monday, following the announcement.
Today's losses have turned the stock negative for the year, it is down nearly 1% year-to-date. The shares have also fallen 10% over the last 10%.