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Trent
Trent (TRENT) investor relations material
Trent Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 25/26 earnings summary4 Feb, 2026
Executive summary
Q3 FY26 revenue from operations reached ₹5,259 crore, with a store network of 1,164 across 274 cities, including 3 in the UAE, and a retail area exceeding 15.8 million sq. ft.
Standalone and consolidated unaudited financial results for Q3 and nine months ended 31 December 2025 were approved and reviewed without qualification by auditors.
Standalone revenue grew 16% year-over-year; consolidated revenue rose 15% year-over-year to ₹5,345 crore.
Operating EBITDA was ₹822 crore (23% margin), and PAT stood at ₹640 crore (36% growth year-over-year).
Adjusted for new labour code, standalone PAT was ₹660 crore; consolidated PAT was ₹531 crore.
Financial highlights
Standalone revenue from operations for Q3 FY26 was ₹5,259.46 crore, up from ₹4,534.71 crore in Q3 FY25; consolidated revenue was ₹5,345.06 crore, up from ₹4,656.56 crore year-over-year.
Standalone net profit for Q3 FY26 was ₹639.71 crore, compared to ₹469.33 crore in Q3 FY25; consolidated net profit was ₹510.11 crore, up from ₹373.42 crore year-over-year.
For the nine months ended 31 December 2025, standalone net profit was ₹1,513.07 crore and consolidated net profit was ₹1,308.23 crore.
Basic and diluted EPS for Q3 FY26 (consolidated) was ₹14.42, up from ₹13.99 in Q3 FY25.
Five-year trend shows consistent growth in revenue, EBIT, and PAT.
Outlook and guidance
Medium-term demand outlook is positive despite muted consumer sentiment in Q3.
Expansion continues in Tier II and III cities, with over 75% of new Zudio stores in these markets during the nine-month period.
Newer markets expected to mature over two to three years, supporting future growth.
The company is monitoring the impact of new labour codes effective from November 2025 and will adjust accounting for employee benefits as further rules are notified.
Future impact of new labor codes
Plan for May 2026 debenture redemption
Strategic rationale for subsidiary amalgamations
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Next Trent earnings date
Q4 25/2628 Apr, 2026
Trent
Next Trent earnings date
Q4 25/2628 Apr, 2026
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Frequently asked questions
Trent Limited is an Indian retail company specializing in operating a variety of retail formats, including department stores, hypermarkets, supermarkets, and specialty stores. Its portfolio comprises several retail chains known for their distinctive offerings. Westside, its flagship brand, is a lifestyle retail chain offering fashion, footwear, accessories, beauty products, and home furnishings. Star Bazaar is a hypermarket chain that provides a wide range of products, including staples, beverages, health and beauty products, along with fresh produce like vegetables, fruits, dairy, and meat products. Landmark, another prominent chain, focuses on books and music. Additionally, Trent operates Zudio, a value fashion concept offering apparel at competitive prices. The company is headquartered in Mumbai, India, and its shares are listed on the Bombay Stock Exchange.
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