Earnings Review
Trent's Q3 PAT jumps 36% on year, beats Street's estimates
This story was originally published at 19:37 IST on 4 February 2026
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--Trent Oct-Dec net profit INR 6.40 bln
--Analysts saw Trent Oct-Dec net profit at INR 5.43 bln
--Trent Oct-Dec revenue INR 52.59 bln vs INR 45.35 bln
--Analysts saw Trent Oct-Dec revenue at INR 53.47 bln
--Trent Oct-Dec net profit INR 6.40 bln vs INR 4.69 bln year ago
--Trent Apr-Dec net profit INR 15.13 bln vs INR 12.35 bln year ago
--Trent Apr-Dec revenue INR 147.65 bln vs INR 125.62 bln year ago
--Trent Oct-Dec operating EBITDA INR 8.22 bln, up 23% on year
--Trent: Opened 17 Westside stores in Oct-Dec, taking total to 278
--Trent: Opened 48 Zudio stores in Oct-Dec, taking total to 854
--Trent Oct-Dec operating EBIT margin 13.8% vs 13.2% year ago
By P. Madhu Kumar
MUMBAI – Trent Ltd. reported a higher-than-expected net profit for the December quarter, even as revenue fell short of analysts' estimates. The company's year-on-year revenue growth was the weakest in 19 quarters.
Net profit rose over 36% on year and nearly 42% on quarter to INR 6.40 billion in the December quarter. Analysts had expected the bottom line to be well below INR 5.43 billion.
The Tata group-led retailer's revenue grew 16% on year and over 11% on quarter to INR 52.59 billion, below analysts' projection of INR 53.47 billion.
Trent added 17 Westside and 48 Zudio stores during the quarter, bringing the total to 278 Westside stores and 854 Zudio stores.
The company reported a 23% on-year rise in its earnings before interest, taxes, depreciation, and amortisation to INR 8.22 billion. The EBIT margin expanded by 60 basis points on year to 13.8% for the quarter. Trent, which has a presence in 274 cities, has 1,164 stores as of Dec. 31, spanning a total retail area of 15.8 million square feet.
The company said more customer-friendly stores and higher density in select markets have helped it to see higher cluster-level revenues and profits. Trent is focusing on optimising costs and realising operational efficiencies, it said in an investor presentation.
Due to the ongoing geopolitical disturbances, the company continues to face certain supply chain issues, Trent said. Adding to the worry, consumer sentiment in the December quarter was relatively muted. However, the sentiment is gradually improving, and the company has a positive outlook over the medium term, it said.
"Investments in automation and technology across multiple areas in the recent years has also aided in delivery of stable operating economics," the company said. Talking about its newly implemented radio frequency identification devices, the company said productivity has increased across its supply chain processes and in-store operations.
During the quarter, Trent's total expenses rose 15.5% year on year to INR 45.83 billion, of which INR 28.69 billion was spent on purchasing stock-in-trade, up 22% year on year. The company paid INR 1.64 billion as tax in the December quarter, up over 10% on year.
For the nine months ended December, the company reported a net profit of INR 15.13 billion, up nearly 23% from INR 12.35 billion in the year-ago period. Its top line for the period rose nearly 18% on year to INR 147.65 billion.
The company reported its December quarter earnings post-market hours, but the stock traded around 6% higher and it was the top gainer in the Nifty 50 index for most of the Wednesday's session. The shares closed 5% higher at INR 4,012.60 on the National Stock Exchange. End
Edited by Saji George Titus
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