More Stories

Informist, Thursday, Aug. 6, 2026

 

Please click here to read all liners published on this story

--Trent Apr-Jun net profit INR 5.32 bln
--Analysts saw Trent Apr-Jun net profit at INR 4.88 bln
--Trent Apr-Jun revenue INR 56.66 bln vs INR 47.81 bln
--Analysts saw Trent Apr-Jun revenue at INR 57.50 bln
--Trent Apr-Jun net profit INR 5.32 bln vs INR 4.23 bln year ago
--Trent Apr-Jun operating margin 12.92% vs 11.52% year ago
--Trent shares rise to INR 3,202, up 2.3% vs down 1.9?rlier
--Trent shares rise; Apr-Jun net profit gains 26% on year, beats view
--Trent Apr-Jun operating EBITDA INR 8.47 bln, up 36% on year
--Trent Apr-Jun operating EBIT INR 7.32 bln, up 33% on year
--Trent: Net added 1 Westside store in Apr-Jun, taking total to 301
--Trent: Net added 19 Zudio stores in Apr-Jun, taking total to 982
--Trent Apr-Jun food, grocery revenue INR 8.85 bln vs INR 8.14 bln yr ago
--Trent: Consumer sentiment continues to be broadly positive 
--Trent: Second order impact of West Asia crisis possible in near term 
--Trent: Over 80% of new Zudio stores in Q1 were opened in tier-2, 3 cities 
--Trent: Q1 like-for-like growth for fashion portfolio in low single digit 
--Trent: Using AI to gain insights into emerging fashion trends

 

By Ruchira Kagita

 

MUMBAI – Trent Ltd. reported a much higher-than-expected bottom line for the June quarter while its sales growth matched the company's provisional estimate. Its rise in total expenses was lower than its growth in revenue though the company increased its purchases of goods to be sold.

 

The Tata group company's net profit rose almost 26% on year for the quarter ended June to INR 5.32 billion. This is 9% higher than the profit growth pegged by analysts covering the stock. The company's revenue grew nearly 19% to INR 56.66 billion.  

 

As of Jun. 30, Trent operated over 1,300 large stores, of which Westside comprised 301, Zudio 982, and other lifestyle concepts 29, the company said in its earnings press release. During Apr-Jun, the company added one Westside outlet and 22 Zudio stores. However, it only net added 19 Zudio stores. The company's footprint across fashion brands was over 18 million square feet. Over 80% of new Zudio stores were opened in Tier-II and III cities across India. 

 

The retailer's total expenses rose 17% on year. The rise in expenses was slightly lower compared with the March quarter. Its purchases of goods to be sold, which make up the majority of its spending, rose over 21% to INR 30.13 billion. Meanwhile, its expenses linked to employee benefits and occupancy increased around 23% and 12%, respectively. 

 

Trent's operating earnings before interest, taxes, depreciation, and amortisation increased 36% to INR 8.47 billion. Its operating EBIT increased 33% to INR 7.32 billion and the EBIT margin for the quarter under review was 140 basis points higher at 12.9%. 

 

The gross margin profile of Westside and Zudio is "stable", Trent said. Emerging categories, including beauty and personal care, inner wear, and footwear made up over 21% of its total revenue for the June quarter, it said. For Westside, online sales comprised over 6% of the brand's revenue. Like-for-like sales growth in its fashion portfolio was lower than 5% for the quarter. As of Jun. 30, the footprint of the company's fashion brands spanned over 18 million square feet. 

 

On an annual basis, Trent expects the trajectory of new store openings to be in line with what Noel Tata charted out in the company's annual general meeting. The company plans to take the count of its Westside stores to 700 and that of Zudio stores to 5,000 in the future. "Quarterly store openings are inherently asymmetric given the complexities around property development, fitout timelines & regulatory approvals," Trent said in its investor presentation. 

 

STAR BUSINESS

Trent's food and grocery business witnessed good traction despite high competition, it said. The company added 5 new Star outlets, taking the total store count up to 86. The Star brand is present across 12 Indian cities. As of Jun. 30, the retail area of the grocery stores was around 1.52 million square feet.  

 

Sales from the brand rose nearly 9% on year to INR 8.85 billion for the quarter ended June. Its private labels continued to make up most of its revenues. Own brands comprised 74% of the total sales mix, a touch higher than 73% a year ago.

 

Going forward, the company will focus on increasing its presence in select clusters, developing better product proposition, and leveraging the premiumisation trend. The company is working on deploying artificial intelligence tools to enhance its performance efficiency. "...Leveraging generative AI, our teams gain sharper insights into emerging fashion intelligence, trends & fabric direction and deliver improved results," Trent said in the presentation.

 

From a macroeconomic prespective, consumer sentiment among Indians was fairly insulated from energy shocks due to the war in West Asia, the company said. Sentiment remains broadly positive, it said, adding that households are balancing aspirations with financial discipline. 

 

Despite the second order impact of the war on supply chains, commodity prices, and inflation having near-term implications, the structual outlook is still encouraging, the company said. "Our attempt has been to maintain relative stability of the value proposition for our customers," it said.

 

Trent reported its earnings for the June quarter during market hours. Shares of the company shot up nearly 4% to their highest level in a month after the earnings but the stock slipped lower soon after and closed almost 1% down from Wednesday at INR 3,107.10 on the National Stock Exchange.  End

 

Edited by Rajeev Pai

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000 

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.