Trent Ltd is engaged in retailing of apparels, footwear, accessories, toys, games, food, grocery & non food products through various of its retail formats/ concepts.
Q3 FY26 Earnings Results
- Revenue from Operations: ₹5,345 cr, +15% YoY (vs ₹4,656 cr in Q3 FY25).
- EBITDA: ₹1,080 cr, +28% YoY; EBITDA Margin: 20.2% (expanded from 18.1% YoY).
- PAT: ₹510.1 cr, +3% YoY (vs ₹496.5 cr in Q3 FY25).
- Other key metrics:
- Total Income (incl. other income): ₹5,364 cr, +15% YoY.
- Store footprint: Continued expansion with significant contributions from Zudio & Westside retail formats, standalone Q3 revenue also showed 17% YoY growth to ₹5,220 cr.
Management Commentary & Strategic Decisions
- Management attributed Q3 performance to continued traction in retail demand, driven by Zudio’s strong value-fashion growth and resilient Westside performance, supported by aggressive store additions and broadening market penetration.
- Leadership noted that consumer demand has stayed reasonably steady, buoyed by broader macro tailwinds such as tax cuts boosting disposable incomes, although growth momentum has moderated from earlier high rates of expansion.
- Despite operational strength, a one-time charge related to labour code implementation impacted net profit comparisons.
- Strategic focus remains on expanding retail network (new Zudio & Westside stores), enhancing same-store sales performance, and balancing value vs lifestyle formats for diversified growth. Management also highlighted the challenge of intensifying fashion retail competition as a backdrop to execution strategies.
Q2 FY26 Earnings Results
- Revenue from Operations: ₹4,883 cr in Q1 and ₹4,818 cr in Q2 FY26.
- PAT/FY26 Q2: ₹373 Cr.
Management Commentary Q2
- Management commentary in earlier quarters highlighted steady revenue and store network expansion, coupled with margin resilience owing to improved merchandise mix and omni-channel penetration. Margins benefited from cost efficiencies and strategic sourcing initiatives
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.