Trent Q3 results: Revenue could rise up to 20% YoY; Check earnings preview and key technical levels

Trent, the parent company of Zudio and Westside, will announce its December quarter (Q3FY26) results on February 04, 2026. The company is expected to report steady double-digit growth in revenue, while net profit could see single-digit growth.

During its quarterly business update, the Tata Group company reported standalone revenue growth of 17% YoY to ₹5,220 crore, while the total store count was at 1,164 (278 Westside, 854 Zudio and 33 stores across other lifestyle concepts). During the quarter, the company opened 48 Zudio and 17 Westside stores.

According to experts, Trent could report standalone revenue growth of 15 to 20% YoY to ₹5,220 to ₹5,450 crore. The company registered revenue of ₹4,535 crore in Q3FY25, while it stood at ₹4,724 crore in the previous quarter.

Meanwhile, Trent’s net profit could rise by 6 to 13% YoY to ₹498 to ₹530 crore. Trent's net profit was ₹469 crore in the December quarter of FY25 and ₹451 crore in the previous quarter. Same-store sales growth (SSSG) likely to remain flat amid weak demand, rising compitition and slower discretionary spending.

Investors will look forward to key performance metrics like same-store sales growth, EBITDA margins and management commentary on future growth estimates and overall demand outlook, especially in urban areas.

Ahead of the Q3 result announcement, Trent shares closed 2.7% higher at ₹3,822 on February 04. So far this year, the stock is down over 10% amid a sell-off in broader markets.

Technical outlook

The technical structure of Trent remains in a downtrend, with the price trading decisively below the 21-, 50- and 200-day exponential moving averages (EMAs), all of which are sloping lower. However, the stock recently attempted a pullback towards the 21-EMA, but encountered selling pressure, which confirms that rallies are being sold into. The overall structure continues to show lower highs and lower lows, indicating weak momentum and a lack of sustained buying interest.

On the downside, the ₹3,700 zone is important near-term support. A decisive breakdown below this level could open up further downside. On the upside, the ₹4,500 zone remains immediate resistance.

Options outlook

On 3 February, the options market for Trent implied a potential price movement of around ±7% ahead of the expiry on 24 February, as reflected by the pricing of at-the-money straddle. This suggests that traders are anticipating increased volatility around the earnings release. Before considering option strategies to capitalise on this expected movement, let's examine how Trent has behaved historically during past earnings periods.

Options strategies for Trent

With the options market pricing in a potential move of ±7% in Trent ahead of 24 February, volatility-driven strategies are worth considering. Traders anticipating a significant movement may consider a long straddle. This strategy involves purchasing an at-the-money call and put simultaneously. If the stock price moves decisively beyond the implied range in either direction, the strategy becomes profitable.

Conversely, if you believe that Trent will remain range-bound, a short straddle may be a good option. This strategy involves selling an at-the-money call and put with the aim of profiting if the price remains within the ±7% range. Although this strategy works best in a falling volatility environment, the risk rises sharply if the stock sees an outsised move.

Disclaimer:

Derivatives trading must be done only by traders who fully understand the risks associated with them and strictly apply risk mechanisms like stop-losses. The information is only for educational purposes. We do not recommend any particular stock, securities and strategies for trading. The stock names mentioned in this article are purely for showing how to do analysis. Take your own decision before investing.