Trent This fall outcomes: The Westlife and Zudio operator Trent on Wednesday, April 22, reported its earnings for the fourth quarter of the 2025-26 monetary 12 months (This fall FY26).
It posted 32.57% year-on-year (YoY) development in its consolidated internet revenue to ₹413.1 crore in This fall FY26, in comparison with ₹311.6 crore within the corresponding interval final 12 months, in line with a regulatory submitting.
The corporate’s income from operations stood at ₹5,027.99 crore through the quarter beneath evaluation, marking a 19.23% YoY leap from ₹4,216.94 crore within the March quarter of the 2024-25 fiscal 12 months (This fall FY25).
“Client sentiment was comparatively steady firstly of This fall. The influence of the unfolding geopolitical scenario continues to be taking part in out. Shoppers are spending with warning, leading to moderation of discretionary spending on the again of constant macro uncertainties and potential improve in price of dwelling,” Trent mentioned.
Structurally, the demand ranges and the underlying market alternatives stay robust. Nevertheless, the period and depth of disruptions within the Center East, together with its second-order impact on provide chain, commodity costs, and inflation basically, have potential implications for near-term demand, the agency added.
At an operational degree, its EBITDA (earnings earlier than curiosity, tax, depreciation and amortisation), often known as working revenue, superior 44% YoY to ₹5,028 crore for the January-March quarter of FY26.
Key highlights
- In This fall FY26, the corporate opened 23 Westside and 109 Zudio shops (together with 2 shops within the UAE) and consolidated one Westside retailer and expanded its presence to 47 new cities.
- As of March 31, 2026, its retailer portfolio included 300 Westside, 963 Zudio (together with 6 shops within the UAE), and 23 shops throughout different way of life ideas.
- The gross margin profile of Westside and Zudio stays steady.
- Its working EBIT margin for This fall FY26 stood at 11.5%, compared to 9.7% within the March FY25 quarter.
- The rising classes, together with magnificence and private care, innerwear, and footwear
contribute to over 21% of Trent’s revenues. - Within the March FY26 quarter, its on-line revenues grew by 25% and contributed over 6% of Westside’s revenues.
- The like-for-like development for its style portfolio in This fall FY26 and for FY26 was within the low single digits. Given the enterprise mannequin decisions and the intent to drive the share of revenues in proximate markets, Trent is primarily in search of to pursue income development throughout comparative micro-markets vis-à-vis simply the efficiency of comparative shops.
Ultimate dividend, bonus subject
“The Dividend, if authorized by the Shareholders of the Firm, shall be paid on or after the third day from the conclusion of the 74th Annual Basic Assembly (AGM),” the submitting learn.
Its board additionally authorized the issuance of bonus shares within the proportion of 1:2, i.e., one bonus fairness share of ₹1 every for each two totally paid-up fairness shares of ₹1 every held by the Shareholders of the corporate as on the file date (which might be knowledgeable later), topic to approval of the shareholders.
What the Chairman, Noel Tata, mentioned
Commenting on the earnings, Noel N Tata, Chairman of Trent Restricted, mentioned, “In FY26, the enterprise delivered encouraging efficiency, whereas navigating a number of macroeconomic and geopolitical developments with resilience. We imagine that the buyer sentiment would get better additional within the coming months as soon as the geopolitical atmosphere settles down.”
He said that the Indian shopper has continued to evolve with rising aspirations and growing entry to a various set of choices. On this context, he added that the corporate believes in a differentiated buyer proposition that builds on relevance and ubiquitous presence, and can proceed to see a lot traction.
“We’re nonetheless within the preliminary laps of our development, and we stay dedicated to constructing out a portfolio of manufacturers that handle the numerous market alternative within the way of life area,” Tata famous.
In its Star enterprise, he mentioned that Trent has continued to use its playbook, and the contribution of its manufacturers and merchandise was trending at over 73% of income.
“We recognise that the growth program for Star shops has been slower vis-à-vis our expectations and we need to speed up this agenda within the coming years. We’re additionally trying to make choose commitments to retail actual property that permit Star to viably entry dense catchments. The meals and grocery alternative is critical, and the Star mannequin is differentiated. We stay satisfied that this enterprise is effectively poised to ship rising shopper worth within the years forward,” Tata added.
Shares of Trent closed 1% greater at ₹4,434.50 per unit on the Nationwide Inventory Trade (NSE) on Wednesday forward of the earnings announcement.
Trent has a complete market capitalisation of ₹1.57 lakh crore as of April 22, 2026, in line with information on the NSE.
