Trent Shares Slide Over 7 Percent Despite Strong Q3 FY26 Revenue Growth and Aggressive Store Expansion

Mumbai, January 6, 2026: Trent Limited (NSE: TRENT, BSE: 500251) shares came under sharp selling pressure in early trade on Tuesday, falling over 7 percent even as the Tata Group retail arm reported double-digit revenue growth and continued rapid store additions across its key formats.
The stock was trading at Rs 4,105.10, down Rs 324.70 or 7.33 percent, as of 09:20 am IST, compared with a previous close of Rs 4,429.80. During the session, the scrip touched an intraday high of Rs 4,208.30 and a low of Rs 4,060.00, with volume-weighted average price (VWAP) at Rs 4,111.11.

Intraday Market Snapshot​

Order book data indicated a marginal buy-side dominance, with total buy quantity of 1.58 lakh shares versus sell quantity of 1.47 lakh shares, suggesting selective accumulation even as prices corrected sharply in early trade.

Q3 FY26 Revenue Performance Remains Strong​

Despite the market reaction, Trent reported a solid operating update for the December quarter and nine months ended FY26, reflecting sustained momentum across its retail formats.
Standalone revenue from sale of products, excluding GST, stood at Rs 5,220 crore in Q3 FY26, compared with Rs 4,466 crore in the corresponding quarter last year, translating into a 17 percent year-on-year growth. For the nine-month period ended FY26, revenue rose 18 percent year-on-year to Rs 14,604 crore, up from Rs 12,368 crore in 9M FY25.

Revenue Growth Snapshot​

The company clarified that revenues are reported net of GST in line with applicable changes and remain subject to statutory audit.

Store Network Expansion Continues at Scale​

Trent’s physical retail footprint continued to expand rapidly during the quarter, reinforcing its growth strategy focused on scale-led penetration.
As of December 31, 2025, the company operated:

• 278 Westside stores
• 854 Zudio stores, including four outlets in the UAE
• 32 stores across other lifestyle concepts

During Q3 FY26, Trent added 17 net Westside stores and 48 net Zudio stores, while cumulative additions for the nine-month period stood at 30 Westside stores and 89 Zudio stores.

About the Company​

Trent Limited, part of the Tata Group, is one of India’s leading retail companies, operating prominent fashion and lifestyle brands such as Westside and Zudio. The company is listed on both the NSE and BSE and continues to expand its presence across apparel, lifestyle and value fashion segments in India and select international markets.

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