Trent Limited reported a 20 per cent jump in standalone revenue from operations to ₹4,937 crore for the fourth quarter of FY26, while operating profit surged 43 per cent to ₹668 crore, the Tata Group retailer announced on Wednesday.

The stock closed at ₹4,409.90 on NSE, up 0.44 per cent on the day, giving the company a market capitalisation of approximately ₹1.57 lakh crore.

Profit after tax for the standalone entity rose 30 per cent to ₹455 crore in Q4FY26. For the full year, standalone revenue came in at ₹19,701 crore, up 18 per cent over FY25, while operating EBITDA grew 27 per cent to ₹2,687 crore and full-year PAT stood at ₹1,988 crore, 25 per cent higher year-on-year.

On a consolidated basis, Q4 revenue from operations grew 19 per cent to ₹5,028 crore, with operating EBITDA up 44 per cent to ₹653 crore and PAT rising 33 per cent to ₹413 crore. Full-year consolidated PAT grew a more modest 13 per cent to ₹1,741 crore.

The board approved a bonus issue of one equity share for every two shares held, citing the medium-term growth outlook. The company's operating EBIT margin expanded to 11.5 per cent in Q4FY26 from 9.7 per cent in the same quarter last year. Return on capital employed for FY26 stood at over 29 per cent.

Store expansion remained aggressive. Trent ended the year with 1,286 stores across 321 cities, including a presence in three UAE cities. During Q4, the company opened 109 Zudio and 23 Westside stores. For FY26 in total, 212 Zudio and 60 Westside stores were added, with the Zudio count reaching 963 and Westside at 300. Over 80 per cent of new Zudio stores were in Tier II and III cities.

The board also approved a proposal in principle to raise approximately ₹2,500 crore through an equity issue, including a possible rights issue, to fund store upgrades, supply chain automation, digital initiatives, and new brand incubation.

Management flagged macro headwinds, noting that consumers were spending with caution amid geopolitical uncertainty and inflationary pressures on raw materials. Like-for-like growth for the fashion portfolio was in the low single digits for both Q4 and the full year.

Online revenues for Westside grew 25 per cent in Q4, contributing over 6 per cent of Westside's total revenues. Emerging categories including beauty, innerwear, and footwear now account for over 21 per cent of revenues.

The stock trades at a trailing P/E of 97.49 and is down 17 per cent over the past year, though it has returned approximately 490 per cent over five years.

Published on April 22, 2026