Press Release on Audited Financial Results (Standalone and Consolidated) for the year ended 31st March 2026
RESULTS
▲ Positive Development
LOW RISK
📅 Filed on BSE: 22 Apr 2026, 04:11 PM IST · BSE ID: fa241be5-304c-4a9d-bb82-a69ec91916b8
View Original BSE Filing (PDF)
⚡ Quick Answer
Trent Ltd announced audited FY26 results with standalone revenue of Rs. 19,701 Cr, an 18% year-on-year increase. The company reported a Profit After Tax (PAT) of Rs. 1,988 Cr, up 25% YoY. Operating EBITDA grew 27% to Rs. 2,687 Cr. Trent also approved a 1:2 bonus issue, pending shareholder approval, and expanded its store network significantly.
💡
In Simple Terms
Trent's annual profits jumped 25% to Rs. 1,988 Crore; company opened 272 stores and approved a 1-for-2 bonus share split.
🤖 AI Summary
- FY26 standalone revenue Rs. 19,701 Cr, up 18% YoY; PAT Rs. 1,988 Cr, up 25% YoY
- Q4FY26 revenue Rs. 4,937 Cr, up 20%; Operating EBITDA Rs. 668 Cr, up 43% YoY
- Opened 272 net new stores in FY26 (60 Westside, 212 Zudio); now operates 1,250+ stores across 321 cities
- Board approved 1:2 bonus issue and 600% dividend pending shareholder approval
- Emerging categories and Westside online grew 25% in Q4; online now 6% of Westside revenue
🔢 Key Numbers — exact figures from BSE filing, not rounded
FY26 Standalone Revenue
Rs. 19,701 Cr
18%
FY26 PAT (adjusted for labor code)
Rs. 1,988 Cr
25%
FY26 Operating EBITDA
Rs. 2,687 Cr
27%
Q4FY26 Revenue
Rs. 4,937 Cr
20%
Q4FY26 Operating EBITDA
Rs. 668 Cr
43%
Q4FY26 Operating EBIT Margin
11.5%
FY26 Net Store Additions
272 (Westside +60, Zudio +212)
Total Store Portfolio (31-Mar-2026)
1,250+ stores (Westside 300, Zudio 963, other 23)
Geographic Reach
321 cities (incl. 3 in UAE)
Operational Footprint
17.7 million sq ft
Q4FY26 Westside Online Growth
25%
Emerging Categories Revenue Mix
21%+
🏢 How This Affects the Company
Trent expanded store portfolio by 272 net units in FY26, reaching 1,250+ large-box stores across 321 cities including UAE expansion. Q4FY26 revenue acceleration to 20% growth and emerging categories now contributing over 21% of revenues demonstrate portfolio diversification and sustained retail momentum.
FY26 PAT grew 25% to Rs. 1,988 Cr on 18% revenue growth, with operating EBITDA margin expansion in Q4FY26 to 11.5% from 9.7% in Q4FY25. Operating EBITDA growth of 27% YoY (Rs. 2,687 Cr) outpaced revenue growth, indicating operational leverage.
Opened 272 net new stores (60 Westside, 212 Zudio including 4 in UAE) and expanded footprint to 47 new cities, growing total operational area to 17.7 million sq ft. Westside online channel grew 25% in Q4FY26, contributing over 6% of Westside revenues and demonstrating omnichannel execution.
Star business expansion slower than expected; company noted need to accelerate expansion program in coming years. Q4FY26 results adjusted for new labor code impact, indicating wage cost inflation headwind.
👥 What This Means For Shareholders
✅
Action Required
Shareholder vote required to approve 1:2 bonus issue and 600% dividend as per past filing context; specific voting details to follow in subsequent notice.
👤
Who Is Affected
All equity shareholders as of record date will be entitled to bonus shares (1 for every 2 held) and dividend subject to shareholder approval. Exact bonus ratio and dividend per share to be confirmed at shareholder meeting.
🔍
Management Signal
Chairman message emphasizes early-stage growth opportunity, reaffirmed portfolio-building strategy, and commitment to Star business acceleration despite slower-than-expected expansion; signals long-term value creation over near-term Star profitability.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Shareholder meeting date for bonus and dividend approval — track record date once approved
Q1FY27 results: verify if revenue sustains above Rs. 4,700 Cr and EBITDA margin remains above 10.5%
Star business expansion milestones — track net store additions vs. prior year pace and path to profitability improvement
LOW RISK
Star business expansion slower than target; labor cost inflation reflected in PAT adjustment. However, core fashion business (Westside + Zudio) shows strong 18-20% growth and margin expansion, offsetting Star headwinds.
💡 Investor Takeaway
FY26 standalone PAT grew 25% to Rs. 1,988 Cr on 18% revenue growth to Rs. 19,701 Cr. Q4FY26 showed acceleration with 20% revenue and 43% EBITDA growth. Emerging categories now 21%+ of mix. Company opened 272 net stores, expanded to 47 new cities. Board approved 1:2 bonus pending shareholder vote.
⚖️ Strengths & Concerns
✅ Positives
- Operating EBITDA grew 27% YoY to Rs. 2,687 Cr in FY26, with Q4FY26 margin expansion to 11.5% vs 9.7% prior year
- Added 272 net stores in FY26 across Westside and Zudio; expanded to 47 new cities; Westside online grew 25% in Q4
⚠️ Concerns
- Star business expanded slower than expectations; added only net 6 stores (12 added, 6 closed) despite strategic focus
- PAT growth of 25% in FY26 lagged EBITDA growth of 27%, reflecting higher tax or finance costs; labor code adjustment noted
📅 Company Track Record
Trent FY25 revenue was Rs. 16,699 Cr (implied from 18% growth); FY25 PAT was Rs. 1,590 Cr (implied from 25% growth). Q4FY25 revenue was Rs. 4,114 Cr (implies Q4FY26 Rs. 4,937 Cr = 20% growth). Company added 250 net stores in FY26 per prior filing context dated 2026-04-06; current filing reports 272 net additions (60+212 opened less 22 consolidated). Previous filing (2026-04-22) confirmed Rs. 19,701 Cr FY26 revenue and 600% dividend approval by board pending shareholder vote.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What were Trent Ltd's standalone revenues for the fiscal year ended March 31, 2026?
Trent Ltd reported standalone revenues of Rs. 19,701 Cr for the year ended 31st March 2026.
What was Trent Ltd's Profit After Tax (PAT) for FY26?
Trent Ltd's audited Profit After Tax (PAT) for FY26 was Rs. 1,988 Cr, reflecting a 25% year-on-year growth.
Did Trent Ltd's board approve a bonus issue for FY26?
Yes, Trent Ltd's board approved a 1:2 bonus issue, pending shareholder approval.
How many new stores did Trent Ltd add in FY26?
In FY26, Trent Ltd added 272 net new stores, comprising 60 Westside stores and 212 Zudio stores.
What was Trent Ltd's Operating EBITDA for FY26?
Trent Ltd's Operating EBITDA for FY26 grew 27% year-on-year to Rs. 2,687 Cr.
Questions based on this BSE filing only. For information purposes.