Trent Q4 net profit soars 33% YoY to ₹5,028 crore, revenue up 19%; dividend, bonus share declared

It posted 32.57% year-on-year (YoY) growth in its consolidated net profit to ₹413.1 crore in Q4 FY26, compared to ₹311.6 crore in the corresponding period last year, according to a regulatory filing.

The company’s revenue from operations stood at ₹5,027.99 crore during the quarter under review, marking a 19.23% YoY jump from ₹4,216.94 crore in the March quarter of the 2024-25 fiscal year (Q4 FY25).

“Consumer sentiment was relatively stable at the beginning of Q4. The impact of the unfolding geopolitical situation is still playing out. Consumers are spending with caution, resulting in moderation of discretionary spending on the back of continuing macro uncertainties and potential increase in cost of living,” Trent said.

Structurally, the demand levels and the underlying market opportunities remain strong. However, the duration and intensity of disruptions in the Middle East, along with its second-order effect on supply chain, commodity prices, and inflation in general, have potential implications for near-term demand, the firm added.

At an operational level, its EBITDA (earnings before interest, tax, depreciation and amortisation), also known as operating profit, advanced 44% YoY to ₹5,028 crore for the January-March quarter of FY26.

Key highlights

• In Q4 FY26, the company opened 23 Westside and 109 Zudio stores (including 2 stores in the UAE) and consolidated one Westside store and expanded its presence to 47 new cities.
• As of March 31, 2026, its store portfolio included 300 Westside, 963 Zudio (including 6 stores in the UAE), and 23 stores across other lifestyle concepts.
• The gross margin profile of Westside and Zudio remains stable.
• Its operating EBIT margin for Q4 FY26 stood at 11.5%, in comparison to 9.7% in the March FY25 quarter.
• The emerging categories, including beauty and personal care, innerwear, and footwear contribute to over 21% of Trent’s revenues.
• In the March FY26 quarter, its online revenues grew by 25% and contributed over 6% of Westside's revenues.
• The like-for-like growth for its fashion portfolio in Q4 FY26 and for FY26 was in the low single digits. Given the business model choices and the intent to drive the share of revenues in proximate markets, Trent is primarily seeking to pursue revenue growth across comparative micro-markets vis-à-vis just the performance of comparative stores.

Final dividend, bonus issue

“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),” the filing read.

Its board also 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 on the record date (which will be informed later), subject to approval of the shareholders.

What the Chairman, Noel Tata, said

Commenting on the earnings, Noel N Tata, Chairman of 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 would recover further in the coming months once the geopolitical environment settles down.”

He stated that the Indian consumer has continued to evolve with growing aspirations and increasing access to a diverse set of offerings. In this context, he added that the company believes in a differentiated customer proposition that builds on relevance and ubiquitous presence, and 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,” Tata noted.

In its Star business, he said that Trent has continued to apply its playbook, and the contribution of its brands and products was trending at over 73% of revenue.

“We recognise that the expansion program for Star stores has been slower vis-à-vis our expectations and we are looking to accelerate this agenda in the coming years. We are also looking to make select commitments to retail real estate that allow Star to viably access dense catchments. The food and grocery opportunity is significant, and the Star model is differentiated. We remain convinced that this business is well poised to deliver growing consumer value in the years ahead,” Tata added.

Shares of Trent closed 1% higher at ₹4,434.50 per unit on the National Stock Exchange (NSE) on Wednesday ahead of the earnings announcement.

Trent has a total market capitalisation of ₹1.57 lakh crore as of April 22, 2026, according to data on the NSE.