Trent share price & results
- Jun 2026
- Sept 2026
Tata group retailer operating Westside, Zudio, Star and other store chains across India and UAE.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 5,666 | +18.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 20.0 | +2.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 532 | +25.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 29.37 | −2.7 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 4.64 | −0.0 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 16.93 | −21.3 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −42.5% 1Y
1Y: ₹4,789.6 on 24 Oct 2025 → ₹2,754. High ₹4,798.7 (27 Oct 2025), low ₹2,580 (1 Oct 2026).
- Previous close
- ₹2,727.5
- Market cap
- ₹1.5L Cr
- 52-week range
- ₹2,580 – ₹4,798.7
- One year
- −42.61%
- Price to earnings (TTM to Jun 2026)
- 82.26×
- Return on equity (TTM to Jun 2026)
- 29.37%
Overview
- Symbol
- NSE:TRENT
- Sector
- Consumer Services
- Industry
- Consumer Discretionary
- Exchange
- NSE
- Currency
- INR
What Trent Limited does
Based on the company's own presentations, annual report and earnings calls.
Trent operates a portfolio of own-brand, company-operated retail store chains in India: fashion and lifestyle concepts Westside, Zudio, Samoh and Burnt Toast, and the Star supermarket banner for food and grocery. It designs, sources and distributes its own exclusive brands rather than reselling third-party labels, controlling the value chain from design through in-store and online retail. The company earns primarily by selling its own-branded apparel, footwear, accessories, home products and grocery/staples through its physical store network and omnichannel (online) platforms, and generally retains ownership of stores and merchandise rather than franchising.
Segments
- Fashion
- Food & Grocery
- Total store count
- 1,286 stores
- City presence
- 321 cities, including 3 in UAE
- Retail area
- 17.70 Mn sq. ft.
- Zudio stores
- 963 stores across 313 cities
- Westside stores
- 300 stores across 97 cities
- Star (food & grocery) stores
- 84 stores across 12 cities
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +26% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 4,036 | 4,535 | 4,106 | 4,781 | 4,724 | 5,259 | 4,937 | 5,666 |
| Expenses | 3,392 | 3,692 | 3,450 | 3,944 | 3,911 | 4,186 | 4,018 | 4,556 |
| Operating profit | 643 | 843 | 656 | 838 | 813 | 1,073 | 919 | 1,111 |
| Operating margin | 16.0% | 19.0% | 16.0% | 18.0% | 17.0% | 20.0% | 19.0% | 20.0% |
| Other income | 136 | 51 | 97 | 41 | 119 | 128 | 61 | 30 |
| Interest | 32 | 36 | 37 | 40 | 41 | 42 | 42 | 45 |
| Depreciation | 192 | 239 | 263 | 284 | 315 | 354 | 362 | 394 |
| Profit before tax | 555 | 618 | 453 | 555 | 576 | 804 | 576 | 702 |
| Tax rate | 24.0% | 24.0% | 23.0% | 24.0% | 22.0% | 20.0% | 21.0% | 24.0% |
| Net profit | 423 | 469 | 350 | 423 | 451 | 640 | 455 | 532 |
| EPS (₹ per share) | 7.94 | 8.80 | 6.56 | 7.93 | 8.45 | 12 | 8.53 | 9.97 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 8,136 | 11,926 | 16,669 | 19,701 |
| Expenses | 7,054 | 10,000 | 13,915 | 16,059 |
| Operating profit | 1,083 | 1,927 | 2,753 | 3,643 |
| Other income | 382 | 895 | 329 | 349 |
| Interest | 365 | 309 | 136 | 165 |
| Depreciation | 485 | 639 | 870 | 1,315 |
| Profit before tax | 613 | 1,874 | 2,076 | 2,511 |
| Net profit | 454 | 1,436 | 1,584 | 1,969 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 36 | 36 | 36 | 36 | 36 | 36 |
| Reserves | 2,684 | 3,044 | 4,412 | 5,879 | 6,066 | 7,667 |
| Borrowings | 4,581 | 4,319 | 1,738 | 2,206 | 2,349 | 2,508 |
| Other liabilities | 511 | 923 | 1,273 | 1,579 | 2,285 | 2,015 |
| Total liabilities | 7,812 | 8,321 | 7,458 | 9,699 | 10,735 | 12,226 |
| Fixed assets | 4,508 | 4,366 | 2,400 | 3,661 | 4,587 | 5,132 |
| Capital work in progress | 45 | 42 | 161 | 118 | 196 | 193 |
| Investments | 1,724 | 1,648 | 1,902 | 2,136 | 1,559 | 2,307 |
| Other assets | 1,535 | 2,265 | 2,994 | 3,785 | 4,394 | 4,594 |
| Total assets | 7,812 | 8,321 | 7,458 | 9,699 | 10,735 | 12,226 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 324 | 149 | 663 | 1,348 | 1,668 | 2,630 |
| Cash from investing | -39 | -6 | -143 | -499 | -857 | -1,563 |
| Cash from financing | -262 | -136 | -515 | -642 | -773 | -1,126 |
| Net cash flow | 23 | 7 | 5 | 207 | 38 | -60 |
| Free cash flow | 244 | -49 | 448 | 966 | 851 | 1,143 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 4 | 2 | 1 | 2 | 1 | 1 |
| Inventory days | 140 | 158 | 116 | 87 | 80 | 76 |
| Days payable | 78 | 60 | 56 | 42 | 37 | 41 |
| Cash conversion cycle | 66 | 99 | 62 | 48 | 45 | 36 |
| Working capital days | -7 | 50 | 31 | 17 | 15 | -1 |
| Return on capital employed | 4.0% | 10.0% | 13.0% | 22.0% | 29.0% | 27.0% |
| Dividend payout | −42.0% | 24.0% | 14.0% | 8.0% | 11.0% | 7.0% |
What the price assumes
AttractiveTo justify its price of ₹2754, this stock must grow earnings at 31% every year for 7 years. Our analysis caps realistic growth at ~63%. At that growth it is worth ₹11745 — upside of 326%.
- Growth the price implies
- 30.7% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 63.1% a year
- net profit, FY23–FY26
- The gap
- -0.3 pp
- 326% downside if it only repeats history
Ownership
Who owns it
Promoters hold 37.01% as of Sept 2026; institutions added 0.41 pts since Jun 2026.
- Promoters 37.01%
- Foreign institutions 15.28%
- Domestic institutions 23.34%
- Government 0.00%
- Public 24.39%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 3.53% held
- Mutual fund newly disclosed 2.67% held
- newly disclosed 2.59% held
- newly disclosed 2.19% held
- newly disclosed 1.67% held
- newly disclosed 1.21% held
- Mutual fund +0.17 pp 1.48% held
The same filing shows 1 holder trimming and 5 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Trent Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 32.45% | unchanged | |
| 4.53% | unchanged | |
| 4.28% | unchanged | |
| 3.53% | newly disclosed | |
| Mutual fund | 2.67% | newly disclosed |
| 2.59% | newly disclosed | |
| 2.19% | newly disclosed | |
| 1.67% | newly disclosed | |
| Insurer | 1.56% | −0.20 pp |
| Mutual fund | 1.48% | +0.17 pp |
| 1.21% | newly disclosed | |
| 0.28% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in TRENT
Filings to Sep 2026
1 new, 13 added, 16 trimmed, 1 sold out — net −8.15 L shares (−2.9%).
- Held by funds
- ₹7.1k Cr
- 45 schemes
- Biggest holder
- SBI Nifty 50 ETF
- ₹1.7k Cr · 0.8% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| SBI Nifty 50 ETF SBI Mutual Fund | ₹1.7k Cr | −0.01 L | Sep '24 |
| SBI BSE Sensex ETF SBI Mutual Fund | ₹1.2k Cr | +0.22 L | Jun '25 |
| Nippon India Large Cap Fund Nippon India Mutual Fund | ₹640 Cr | held | Sep '25 |
| Nippon India ETF Nifty 50 BeES Nippon India Mutual Fund | ₹543 Cr | +0.46 L | Sep '24 |
| Nippon India Multi Cap Fund Nippon India Mutual Fund | ₹441 Cr | held | Oct '25 |
| Nippon India Growth Mid Cap Fund Nippon India Mutual Fund | ₹421 Cr | held | Jan '21 |
| Nippon India Focused Fund Nippon India Mutual Fund | ₹308 Cr | held | Oct '25 |
| Nippon India ETF BSE Sensex Nippon India Mutual Fund | ₹280 Cr | +0.26 L | Jun '25 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Sep 2026
13 added, 16 trimmed — net −8.15 L shares (−2.9%)
- Funds are sitting on
- -40%
- vs est. average cost
- Held by funds
- ₹7.1k Cr
- 45 schemes · ≈ 5.0% of the company
- Biggest holder
- SBI Nifty 50 ETF
- ₹1.7k Cr · 0.8% of that fund
- Longest holder
- Nippon India Consumption Fund
- 7y 6m · since Apr '19
Shares held by these funds +443%
Oct '23 2.72 cr shares Sep '26
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