Tata Group’s retail arm, Trent Ltd, which owns brands like Westside, Zudio and Star, reported a rise in its Q3 FY26 performance with revenue from operations increasing to Rs 5,345.06 crore.
This is up Rs 688.50 crore or 14.78 per cent from Rs 4,656.56 crore in the year-ago period. Total income rose to Rs 5,363.85 crore, up Rs 653.65 crore or 13.87 per cent from Rs 4,710.20 crore. Total expenses increased to Rs 4,673.67 crore, up Rs 583.03 crore or 14.25 per cent.
Net profit stood at Rs 512.77 crore, up Rs 15.52 crore or 3.12 per cent compared to Rs 497.25 crore in the same quarter last year.
Trent now operates a significant portfolio of over 1,100 “large-box” fashion stores, spanning 274 cities. During Q3 FY26, the company added 17 Westside and 48 Zudio stores, including one Zudio store in the UAE.
As of 31 December 2025, Trent’s store network comprised 278 Westside stores, 854 Zudio stores (including four in the UAE), and 32 stores across other lifestyle concepts. The total retail footprint across all brands exceeds 15 million square feet.
Trent Q3 Results Update
Trent said its approach to merchandise sourcing, pricing, distribution, and inventory management continues to support stable gross margins for Westside and Zudio. Operating EBIT margin for Q3 FY26 was 13.8 per cent, up from 13.2 per cent in Q3 FY25.
The company clarified that consolidated revenues do not include revenues from the Trent Hypermarket business. However, the reported results account for the proportionate share of profitability of this venture based on the equity method.
The Star business, which operates in the food, grocery, and daily needs segment, consisted of 79 stores, including six additions and five closures during the nine months ended 31 December 2025. Trent is also implementing technology-driven interventions to enhance customer experience across its store formats.
Chairman’s Comments and Future Outlook
Speaking on the performance, Trent Chairman Noel N Tata said, “On a higher base, our fashion business registered category-leading growth during the quarter. Customer sentiment is gradually improving, and our business outlook for the medium term remains positive. We continue to focus on portfolio growth, elevating products, and enhancing store experience for our customers. Our differentiated consumer proposition appeals to a wider audience across diverse markets.”
He added that the Star business continues to benefit from Trent’s playbook, with contributions from own-branded products now accounting for over 74 per cent of revenues. The company aims to accelerate the expansion of Star stores in the coming periods while maintaining a future-ready store portfolio.
Shares of Trent Ltd on Wednesday settled at Rs 4,013.20, up 190.55 points or up by 4.98 per cent.
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