Trent Ltd, the Tata Group retailer behind Westside, Zudio, and other brands, reported higher profit and revenue for the third quarter of the 2025‑26 financial year, though analysts cautioned that growth at existing stores could remain under pressure.
For the quarter ending December 31, 2025, Trent’s consolidated revenue rose about 15% to ₹5,345 crore, up from ₹4,657 crore a year ago. Net profit increased nearly 3% to ₹513 crore, compared with ₹497 crore in the same period last year. On a standalone basis, profit grew 36% to ₹640 crore, while revenue rose about 16%, reflecting stronger performance in the company’s core operations.
The company continued expanding its store network, adding 17 Westside and 48 Zudio outlets during the quarter, including its first Zudio store in the UAE. By December 2025, Trent operated over 1,100 stores across 274 cities, with Westside accounting for 278 stores and Zudio for 854, covering more than 15 million square feet of retail space.
Management said gross margins remained stable across both chains, and customer spending improved following economic measures such as tax cuts. Some one-time costs related to labour code changes slightly reduced overall profit.
Investor response was mixed. Trent’s shares rose modestly after the results, but brokerages highlighted that same-store sales, sales at existing outlets, may face pressure, creating uncertainty about future growth. While some analysts pointed to operational efficiencies and margin gains as positives, others urged caution due to slower growth compared with earlier quarters.
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