Trent Announces FY26 and Q4 Results, Noting 20% Revenue Growth and 43% Operating Profit Growth

Trent Announces FY26 and Q4 Results, Noting 20% Revenue Growth and 43% Operating Profit Growth​

Mumbai, April 22, 2026: Trent Limited today announced its audited financial results for the quarter and year ended March 31, 2026, for both standalone and consolidated figures. The company also approved a bonus issue of one equity share for every two equity shares held, citing the compelling medium-term outlook and market opportunities.

Financial Performance Summary​

The results show significant growth across both standalone and consolidated metrics:

Standalone Financial Results (Rs Cr)


Consolidated Financial Results (Rs Cr)

Standalone Operations Update​

The company currently operates a large portfolio of over 1,250 ‘large-box’ fashion stores across 321 cities, including three locations in the UAE. During Q4 FY26, Trent opened 23 Westside and 109 Zudio stores (including two in the UAE), consolidating one Westside store and expanding its reach to 47 new cities. For the full year, the company opened 60 Westside and 212 Zudio stores (including four in the UAE).

As of March 31, 2026, the store portfolio included 300 Westside, 963 Zudio (including six stores in the UAE), and 23 stores across other lifestyle concepts, operating with a total footprint of over 17.7 million sqft across its fashion brands.

The company highlighted that its full year results are representative of the business performance, considering its approach to merchandise sourcing, price architecture, distribution, and inventory provisioning disciplines, noting that the gross margin profile of Westside and Zudio remains stable. Operating EBIT margin for Q4 FY26 was 11.5% (up from 9.7% in Q4 FY25).

In terms of revenue streams, emerging categories, including beauty & personal care, innerwear, and footwear, contributed over 21% of total revenues. Online revenues for Westside showed continued traction, growing by 25% in Q4 FY26 and contributing over 6% of Westside's total revenues.

Consolidated and Star Business Details​

The consolidated revenues do not include the revenues of the Trent Hypermarket business, but the reported results incorporate the proportionate share of profitability of this venture, accounted for based on the equity method.

The Star business consisted of 84 stores at the end of the year, reflecting the addition of 12 stores and the closure of 6 stores during the fiscal year. The company noted that it is pursuing multiple interventions, including technology efforts, aimed at improving the differentiation and convenience of its customer proposition.

Chairman’s Perspective​

Noel N Tata, Chairman of Trent Limited, stated that the business delivered "encouraging performance" in FY26 despite navigating multiple macroeconomic and geopolitical developments with resilience. He expressed confidence in the Indian consumer, stating, "The Indian consumer continues to evolve with growing aspirations and increasing access to a diverse set of offerings. In this context, we believe, a differentiated customer proposition that builds on relevance and ubiquitous presence will continue to see much traction."

Regarding the Star business, the Chairman mentioned that the contribution of the company's own brands and products now accounts for over 73% of revenues. He acknowledged that the expansion program for Star stores has been slower than expected and that the company plans to accelerate this agenda and make select commitments to retail real estate to ensure Star can access dense catchments.

About Trent Limited​

Trent Limited, part of the Tata Group, operates a retail portfolio featuring Westside, Zudio, and Star.

Westside, one of India's leading fashion retail chains, stores primarily range from 20,000 to 30,000 sq. ft. It offers a broad selection of products, including apparel, footwear, accessories, cosmetics, and home goods, presenting an international shopping ambience with superior merchandise at affordable prices.

Zudio, the value fashion destination, typically operates stores between 7,000 to 12,000 sq. ft. It services varied shopping needs with categories including apparel for men, women, and kids, alongside beauty, cosmetic products, and footwear.

Star, the supermarket concept, offers a curated assortment of products such as FMCG, staples, and a comprehensive fresh offering (vegetables, fruits, dairy & non-vegetarian products). Star's product portfolio is enhanced by exclusive own branded FMCG (Fabsta, Klia, Skye, Star), general merchandise (Smartle), and apparel (Zudio) at competitive prices.

TRENT Stock Price Movement​

Today, Trent Limited shares edged higher to close at ₹4434.5, marking a gain of 0.44%. The stock settled after trading volumes reached 2.60 million shares, signaling strong investor interest throughout the day.