Established in: 1998
Managing Director: P Venkatesalu
Chairman: Noel N Tata.
Trent Limited is an India-based fashion and retail company which operates under the Tata Group. It is a popular lifestyle and fashion brand that operates Westside, Zudio and Star Bazaar catering wide range of customers.
Trent operates various retail formats, including department stores, hypermarkets, supermarkets, and speciality stores, across India.
Trent Limited is known for its store expansion strategy and sharp focus on private labels. The company has built a loyal customer base across urban and semi-urban areas. In recent years, it has shown steady growth and continues to expand by opening new retail outlets.
Trent’s share price has performed well over the last five years and showed a CAGR growth of 42%.
History of Trent Limited
Trent Limited was founded in 1998, initially known as Lakme Limited, which was founded in 1952. Lakme primarily focused on manufacturing, selling, and exporting cosmetic products.
However, in 1998, decide to divest its cosmetics business and venture into retailing due to a lack of established brands in many categories. This led Lakme to venture into the apparel industry and soft goods retail market by launching a chain of departmental stores nationwide.
Over the years, Trent slowly expanded its footprint, adapting to changing consumer preferences. Trent diversified into the value chain with Zudio, food and grocery retail through Star Bazaar.
With disciplined execution, efficient sourcing and a strong brand name, Trend has emerged as one of India’s fastest growing and most profitable retail companies.
Trent Limited Business Segments
As of now, the Trent Limited business is divided into three segments:
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Lifestyle and Fashion Retail: This is the core business segment of Trent. Brands like Westside and Zudio focus on private-label clothing, footwear, and home products, giving the company better control over design, pricing and margins.
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Value Fashion: Zudio targets budget-focused customers with fast-moving, trend-based fashion at affordable prices, driving high footfall and volumes.
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Food and Grocery Retail: Through Star Bazaar, Trent operates in the grocery and daily essentials.
Subsidiaries of Trent Limited
- Trent Hypermarket Private Limited
- Booker India Limited
- Nahar Retail Trading Services Limited
Milestones of Trent Limited
- In 2004, Trent entered into hyper market business with the launch of Star India Bazaar.
- In 2005, Trent acquired a majority stake in Landmark Limited, a retailer of books, music and toys.
- In 2009, Trent entered into a joint venture with Inditex Group from Spain to launch the global fashion chain “Zara” stores in India.
- In 2011, the company expanded its partnership with Inditex Group to bring the premium clothing brand Massimo Dutti to India.
- In 2014, Tesco acquired 50% stake in Trent Hypermarket.
- In 2016, Trent launched value fashion brand Zudio.
- In 2024, Trent began its international expansion by opening the first Zudio store in Dubai.
Trent Limited Financial Performance (FY25 vs FY24)
Revenue: Trent Limited reported a consolidated revenue of ₹17,353.17 crore in FY25 vs ₹12,664.38 crore in FY24. It showed an increase of 37.02% on a yearly basis, reflecting decent growth.
Operating Profit: The company reported an operating profit of ₹2,029.74 crore in FY25 vs ₹1,920.83 crore in FY24. It showed an increase of 5.66% on a year-on-year basis, indicating that the company's operating profit is growing well.
Net Profit: Trent Limited reported a net profit of ₹1,534.41 crore in FY25 compared to ₹1,477.46 crore in FY24. It showed an increase of 3.85% on a yearly basis, indicating an improvement in overall performance.
Trent Financial Highlights
- Revenue: Trent reported revenue of ₹20,189.05 crore in FY26 vs ₹17,353.17 crore in FY25. It showed an increase of 16.34% on a yearly basis.
- Operating Profit: Trent reported an operating profit of ₹2,236.48 crore in FY26 vs ₹2,029.74 crore in FY25. It showed an increase of 10.19% on a year-on-year basis.
- Net Profit: Trent reported a net profit of ₹1,721.33 crore in FY26 vs ₹1,534.41 crore in FY25. It showed an increase of 12.18% on a yearly basis.
Trent Quarterly Result Highlights
- Trent reported revenue of ₹5,055.90 crore in Mar 2026, compared with ₹5,363.85 crore in Dec 2025, representing a decrease of 5.74% on a quarter-on-quarter (QoQ) basis.
- Trent reported an operating profit of ₹518.87 crore in Mar 2026, compared with ₹675.94 crore in Dec 2025, representing a decrease of 23.24% on a quarter-on-quarter (QoQ) basis.
- Trent reported a profit of ₹413.10 crore in Mar 2026, compared with ₹510.11 crore in Dec 2025, reflecting a decrease of 19.02% on a QoQ basis.
- The earnings per share (EPS) of Trent stood at ₹48.37 during Mar 2026.
