Trent (TRENT) Q3 25/26 earnings summary

Executive summary

• Q3 FY26 revenue from operations reached ₹5,259 crore, with a store network of 1,164 across 274 cities, including 3 in the UAE, and a retail area exceeding 15.8 million sq. ft.

• Standalone and consolidated unaudited financial results for Q3 and nine months ended 31 December 2025 were approved and reviewed without qualification by auditors.

• Standalone revenue grew 16% year-over-year; consolidated revenue rose 15% year-over-year to ₹5,345 crore.

• Operating EBITDA was ₹822 crore (23% margin), and PAT stood at ₹640 crore (36% growth year-over-year).

• Adjusted for new labour code, standalone PAT was ₹660 crore; consolidated PAT was ₹531 crore.

Financial highlights

• Standalone revenue from operations for Q3 FY26 was ₹5,259.46 crore, up from ₹4,534.71 crore in Q3 FY25; consolidated revenue was ₹5,345.06 crore, up from ₹4,656.56 crore year-over-year.

• Standalone net profit for Q3 FY26 was ₹639.71 crore, compared to ₹469.33 crore in Q3 FY25; consolidated net profit was ₹510.11 crore, up from ₹373.42 crore year-over-year.

• For the nine months ended 31 December 2025, standalone net profit was ₹1,513.07 crore and consolidated net profit was ₹1,308.23 crore.

• Basic and diluted EPS for Q3 FY26 (consolidated) was ₹14.42, up from ₹13.99 in Q3 FY25.

• Five-year trend shows consistent growth in revenue, EBIT, and PAT.

Outlook and guidance

• Medium-term demand outlook is positive despite muted consumer sentiment in Q3.

• Expansion continues in Tier II and III cities, with over 75% of new Zudio stores in these markets during the nine-month period.

• Newer markets expected to mature over two to three years, supporting future growth.

• The company is monitoring the impact of new labour codes effective from November 2025 and will adjust accounting for employee benefits as further rules are notified.