LIC mints Rs 531 crore in one day as Trent shares rally 13%; insurance behemoth’s stake value nears Rs 4,700 cr

Trent shares rallied 13% on Tuesday after a strong Q2 business update, lifting LIC’s stake value in the Zudio parent by more than Rs 531 crore in a single session.

Trent shares surged to an intraday high of Rs 2,909 apiece on NSE, with the stock on track to record the sharpest single-day surge since February 2024. The sharp gains added more than Rs 17,540 crore to the market capitalisation of the Tata Group’s retail arm.

Life Insurance Corporation of India (LIC) held a little over 3% stake in Trent at the end of the April-June quarter of the ongoing financial year 2027, according to data on the company’s shareholding pattern on exchanges.


At the day’s high of Rs 2,909 apiece, LIC's stake in Trent would be worth more than Rs 4,695 crore. This implies a notional profit of over Rs 531 crore in just one session.

Also read | Rs 17,540 crore added to Trent mcap, but Citi stays bearish. Why Morgan Stanley disagrees

It is important to note that it is a notional profit, as there is no indication that the insurance behemoth is selling shares of Trent today to record the gains. The sharp rally has simply increased the value of its holding in the company.

Trent shareholding pattern

Apart from LIC, SBI Life Insurance Company holds around 2% stake in Trent. Among the mutual funds, ICICI Prudential Balanced Advantage Fund, Nippon India Large Cap Fund, SBI Nifty 50 ETF and UTI Nifty 50 ETF hold 1-2.5% stake in the company.

Promoter Tata Sons is the largest shareholder, owning more than 32% stake in Trent at the end of the first quarter of FY27. Tata Investment Corp meanwhile held over 4% stake. Around 5 lakh retail shareholders own over 13% stake in the company.

Trent Q2 business update

Trent on Monday reported a 23% year-on-year increase in standalone revenue from operations to Rs 5,788 crore for the April-September quarter of FY27, compared with Rs 4,724 crore a year earlier. The company’s revenue for the first half of FY27 rose 21% YoY to Rs 11,454 crore, compared with Rs 9,505 crore in the corresponding period a year earlier.

Also read | Trent shares rally after Q2 revenue rises 23% YoY to Rs 5,788 crore. Should you buy, sell or hold?

During the quarter, Trent opened its 1,000th Zudio store, marking a key milestone for the fashion and lifestyle retailer. It overall added 10 Westside stores and 17 Zudio stores on a net basis. As of September 30, 2026, Trent’s portfolio stood at 1,342 stores across Westside, Zudio and other lifestyle brands, as per the exchange filing.

Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.