New Delhi, Oct. 30 -- Trent Ltd's shares were trading 6% higher on Friday after the September quarter (Q2FY27) results showed some bright spots. First, the retailer's like-for-like growth for its fashion portfolio stood at mid-single digits in Q2, an improvement from a low-single digit growth in Q1. The pick-up in like-for-like growth is encouraging as broader demand trends are still largely subdued. Also, the festive season has shifted to Q3 this year. Of course, investors will watch if higher like-for-like growth sustains.

Secondly, standalone Ebitda margin expanded by 99 basis points year-on-year to 18.2%. Ebitda is a key measure of profitability and is short for earnings before interest, taxes, depreciation and amortization. This com...