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Corporate

Trent profit rises 30%, announces first bonus shares

Tata Group retail company Trent has reported a strong fourth-quarter performance, with net profit rising around 30% year-on-year. The company also announced its first-ever bonus share issue and declared a dividend, giving shareholders more reasons to celebrate.

Trent, which operates popular brands such as Westside and Zudio, said its quarterly profit rose to about ₹455 crore. Revenue also increased strongly, helped by steady consumer demand and continued expansion of stores across the country.

One of the biggest highlights of the results was the company’s first bonus issue since listing. Trent announced bonus shares in the ratio of 1:2, meaning investors will receive one extra share for every two shares they already own. Bonus issues are often seen as a sign of management confidence and are welcomed by retail investors.

Along with the bonus shares, the board also approved a final dividend of ₹6 per share for the financial year. This indicates that the company remains financially strong while continuing to invest in future growth.

Trent’s strong performance was mainly driven by Zudio, its fast-growing value fashion chain, and Westside, its established lifestyle brand. Zudio has expanded rapidly across cities and smaller towns, attracting young shoppers with affordable fashion options. Westside has also continued to benefit from steady demand in urban markets.

The company has become one of India’s fastest-growing retail businesses, benefiting from rising consumer spending and increasing demand for organised fashion retail. Analysts say Trent has successfully built brands that appeal to both budget-conscious and premium shoppers.

Despite the positive results, the stock saw some volatility in the market as investors booked profits after a recent rally. However, many analysts remain positive on the company’s long-term prospects because of its expansion strategy and strong brand presence.

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Corporate

Trent Q3 profit rises to ₹217 cr, revenue up 15%

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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Trent revenue ₹5,220 cr, shares drop 8%

Tata Group’s retail arm, Trent Ltd, saw its shares fall over 8% after its Q3 FY26 update. The company reported ₹5,220 crore in standalone revenue, up 17% year-on-year, but growth was flat sequentially and below some analyst estimates.

Trent expanded its footprint, adding 17 Westside and 48 Zudio stores during the quarter. While Morgan Stanley maintained an overweight rating, other analysts flagged slowing demand and rising competition in the retail sector.

Investor caution led to a market value drop of roughly ₹13,000 crore, highlighting concerns over near-term performance despite overall revenue gains.