Trent (TRENT) Q4 25/26 earnings summary

Executive summary

• Q4 FY26 revenue from operations reached ₹4,937 crore, up 20% year-over-year; consolidated revenue was ₹5,028 crore, up 19%.

• Audited standalone and consolidated financial results for the year ended 31st March 2026 were approved, with unmodified opinions from auditors for both sets of results.

• Board recommended a final dividend of Rs. 6 per equity share, subject to shareholder approval, and approved a 1:2 bonus share issue, which will proportionately reduce the dividend per share post-bonus.

• Operating EBITDA for Q4 FY26 was ₹668 crore (standalone, +43%) and ₹653 crore (consolidated, +44%).

• Over 250 new stores launched annually, with 23 Westside and 109 Zudio stores opened in Q4 FY26.

Financial highlights

• Standalone revenue from operations for FY26 was Rs. 19,701.41 crore, up from Rs. 16,668.11 crore in FY25.

• Consolidated revenue from operations for FY26 was Rs. 20,074.21 crore, up from Rs. 17,134.61 crore in FY25.

• PAT for Q4 FY26 stood at ₹455 crore (standalone, +30%) and ₹413 crore (consolidated, +33%).

• Earnings per share (standalone, basic and diluted) for FY26 was Rs. 55.36, up from Rs. 44.58 in FY25.

• Online revenues for Westside grew 25% in Q4 FY26, contributing over 6% of Westside revenues.

Outlook and guidance

• Board approved in-principle a proposal to raise ~₹2,500 crore to accelerate investments in store upgrades, new brands, supply chain, digital initiatives, and real estate.

• Focus remains on expanding presence in both existing and new micro-markets, especially Tier II and III cities.

• Dividend and bonus share issuance are subject to shareholder approval at the upcoming AGM.