Trent Q4 result: Board approves 1:2 bonus issue, declares ₹6 per share dividend

The company said its board has approved a bonus issue in the ratio of 1:2, meaning shareholders will receive one additional share for every two shares held.

In addition, the board has announced a dividend of ₹6 per share for FY26.

The results were announced post-market hours on Wednesday, April 22.

Dividend

The company said its board has recommended a dividend of 600%, i.e., ₹6 per equity share of ₹1 each. The dividend, if approved by the shareholders of the company, shall be paid on or after the third day from the conclusion of the 74th Annual General Meeting (AGM).

Issuance of bonus shares

Trent's board has approved the issuance of bonus shares in the proportion of 1:2, i.e., one bonus equity share of ₹1 each for every two fully paid-up equity shares of ₹1 each held by the shareholders of the company as of the Record Date (to be informed later), subject to approval of the shareholders of the company.

"In view of the proposed issuance of bonus equity shares, if approved by the shareholders, the aforesaid dividend per share, if declared, shall be proportionately reduced to reflect the increase in the number of equity shares post bonus," the company said.

₹2,500 crore fundraising

The company's board has granted enabling approval for raising additional funds not exceeding ₹2,500 crore, by way of issuance of equity shares, through a rights issue and/or any other permissible mode(s), singly or in combination, in one or more tranches, subject to requisite approvals.

Timelines for the capital raising would be evaluated and pursued in due course, it said.

Appointment of Bahram Vakil as Additional Director

Upon recommendation of the Nomination and Remuneration Committee, the Board approved the appointment of Bahram Vakil as an Additional Director (Non-Executive, Non-Independent) effective April 23, 2026, to hold office up to the date of the forthcoming Annual General Meeting.

Q4 and FY26 earnings highlights

Q4 results (Standalone)

On a standalone basis, Trent reported a 20% YoY growth in revenue from operations at ₹4,937 crore for the March quarter of FY26. For the full fiscal year, the figure grew by 18% to ₹19,701 crore.

Operating EBITDA or profit came in at ₹668 crore, up 43% YoY. For the full fiscal year, the metric saw a growth of 27% at ₹2,687 crore.

PAT (adjusted for new labor code impact) grew 30% YoY to ₹455 crore for the quarter. For the fiscal year FY26, PAT rose by 25% to ₹1,988 crore.

Consolidated Results

The company’s revenue from operations stood at ₹5,028 crore in Q4 FY26, marking a 19% year-on-year (YoY) increase compared to the corresponding quarter last year. For the full year FY26, revenue came in at ₹20,074 crore, up 17% YoY, reflecting sustained demand and store expansion.

Trent reported a sharp improvement in operating profitability, with EBITDA rising 44% YoY to ₹653 crore in Q4. On a full-year basis, EBITDA stood at ₹2,702 crore, registering a 25% growth over FY25, indicating operating leverage and improved efficiencies.

The company’s profit after tax (PAT) for the quarter came in at ₹413 crore, up 33% YoY. For FY26, PAT stood at ₹1,741 crore, reflecting a 13% increase over the previous fiscal. The company noted that PAT figures are adjusted for the impact of the new labour code.

Key highlights

The company said it now operates a significant portfolio of over 1250 “large-box” fashion stores, with a presence across 321 cities (including 3 in the UAE).

In Q4 FY26, it opened 23 Westside and 109 Zudio stores (including 2 stores in the UAE) and consolidated 1 Westside store and expanded its presence to 47 new cities.

"For the full year, we opened 60 Westside and 212 Zudio stores (including 4 in the UAE) and consolidated 8 Westside and 14 Zudio stores. As of 31st March 2026, our store portfolio included 300 Westside, 963 Zudio (including 6 stores in the UAE), and 23 stores across other lifestyle concepts, and we operated with a footprint of over 17.7 million sq ft across our fashion brands," the company said.

Chairman’s Message

Speaking on the performance, Noel N Tata, Chairman, Trent Limited, said, “In FY26, the business delivered encouraging performance while navigating multiple macroeconomic and geopolitical developments with resilience. We believe that the consumer sentiment will recover further in the coming months once the geopolitical environment settles down."

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."

"We are still in the initial laps of our growth, and we remain committed to building out a portfolio of brands that address the significant market opportunity in the lifestyle space," the chairman added.

About Trent Ltd

Trent Ltd is a Tata Group company that operates multiple retail formats. Its key businesses include Westside, a fashion retail chain; Zudio, which focuses on value fashion; and Star, which is present in the food and grocery segment.