Trent Reports FY26 Growth, Approves Bonus Issue; Shares Fall 3.74% 

Mumbai April 23: Trent Limited reported consolidated financial results for the quarter and financial year ended March 31, 2026, alongside approval of a bonus issue and dividend, according to an exchange filing dated April 22, 2026. 

Consolidated profit after tax for the fourth quarter rose 33% year on year to ₹413 crore. Operating EBIT margin expanded to 11.5% from 9.7% in the corresponding quarter of the previous year, reflecting operating leverage from scale expansion across formats. 

Revenue from operations for the quarter increased 19% year on year to ₹5,028 crore, supported by store additions and like for like growth. Consolidated EBITDA rose 44% to ₹653 crore, indicating continued margin strength. 

For the full financial year, revenue stood at ₹20,074 crore, up 17%, while consolidated profit after tax increased 13% to ₹1,741 crore, as per regulatory disclosure. 

The board approved a bonus issue in the ratio of 1:2. Shareholders will receive one additional equity share for every two shares held, subject to approval. The company also recommended a dividend of ₹6 per share. 

Trent Share Price Snapshot 

Trent Limited share price moved lower following the results and capital allocation announcements, even as earnings growth remained robust. 

Shares were trading at ₹4,268.70, down 3.74% as of 10:12 IST on April 23, 2026, according to exchange data. The stock opened weak and extended losses during the session. 

On the previous trading session dated April 22, 2026, the stock had shown volatility. It rose to around ₹4,476 during afternoon trade before easing to close near ₹4,425, reflecting initial optimism following the results and bonus announcement. 

Over the five session period from April 15, 2026 to April 22, 2026, the stock gained approximately 11.4%, indicating a pre result rally that may have contributed to profit booking after the announcement. 

Expansion Momentum And Operating Metrics 

Trent continued to expand its retail footprint during the period. The company opened 23 Westside and 109 Zudio stores in the quarter, entering multiple new cities, including international expansion through Zudio UAE. 

Emerging categories such as beauty, personal care, innerwear and footwear contributed over 21% of revenues. Online sales growth remained strong, with Westside digital revenues increasing 25% in the quarter. 

For the full year, Trent added 60 Westside and 212 Zudio stores, taking its portfolio to more than 1,250 outlets across 321 cities. The company reported total retail space exceeding 17.7 million square feet as of March 31, 2026. 

Chairman Noel Tata stated that the business maintained steady performance despite macroeconomic headwinds and continues to build a portfolio of consumer brands. 

Company Background 

Trent Limited is a Tata Group company engaged in organised retail through formats such as Westside, Zudio and Star. It focuses on fashion, lifestyle and value retail segments across urban and semi urban markets. 

The company follows an asset light model with emphasis on private labels and rapid store scale up, positioning itself within India’s discretionary consumption growth cycle. 

Conclusion 

Trent’s FY26 performance reflects sustained growth in revenue and profitability, supported by store expansion and operating efficiencies. The bonus issue and dividend signal management’s confidence in earnings visibility. 

However, near term stock movement indicates that investors are adjusting to valuation levels and the implications of capital actions, including bonus issuance and potential dilution from future fundraising. 

Source:

https://nsearchives.nseindia.com/corporate/TRENT_22042026163223_OutcomeofBMFINAL.pdf 

 https://www.nseindia.com/get-quote/equity/TRENT/Trent-Limited