Tata Group-backed Trent Ltd reported a better-than-expected operational performance for the first quarter of the financial year 2026-27, with both net profit and EBITDA surpassing ET NOW poll estimates, while revenue came broadly in line with expectations.
The retailer’s net profit (PAT) reported a year-on-year growth of 25.8 per cent to Rs 532 crore in Q1 FY27, from Rs 423 crore in the corresponding quarter last year.
Revenue from operations rose 18.5 per cent year-on-year to Rs 5,666 crore in the reporting quarter, compared with Rs 4,781 crore in Q1 FY26, reflecting healthy demand and continued expansion of its retail business.
ET NOW poll estimated the PAT to stand at Rs 500 crore while revenue at Rs 5,665 crore.
Operating performance remained strong, with EBITDA increasing 32.6 per cent YoY to Rs 1,111 crore in the June quarter from Rs 838 crore posted in the year-ago period.
The company’s EBITDA margin improved by 210 basis points to 19.6 per cent in Q1 FY27 from 17.5 per cent in the year-ago period, indicating better operating leverage and improved profitability. ET NOW poll estimated EBITDA to come in at Rs 1,012 crore while margins at 17.8 per cent.
Trent Q1 FY27 results: What management said on quarterly performance
Speaking on the quarterly performance, Noel N Tata, Chairman, Trent Limited said, “The business delivered encouraging performance during the quarter notwithstanding continuing macroeconomic volatility and geopolitical events. Our brands continue to represent only a small share of the overall addressable market, providing significant headroom for growth across geographies and customer segments. While external market conditions may influence demand patterns from time to time, our performance is fundamentally anchored in our ability to offer relevant and aspirational products, remain attuned to evolving customer preferences, and respond with agility.”
“We believe this context positions the business well to continue to grow and deliver significant value to its stakeholders. In our Star business, we continue to apply Trent’s playbook and the contribution of our own brands and products is now over 73% of revenues. Star’s operational performance trends reinforce our conviction in the business model and its growth potential. As we look ahead, we will continue to invest in expanding our footprint, with a focus on building scale and strengthening our position across select markets,” he added.
In a press release, Trent stated that it currently operate a significant portfolio of over 1300 “large-box” fashion stores, with presence across 330 cities (including 3 in the UAE).
In Q1FY27, Trent opened 1 Westside and 22 Zudio stores (including 1 store in the UAE) and consolidated 3 Zudio stores and expanded their presence to 9 new cities. “As of 30th June 2026, our store portfolio included 301 Westside, 982 Zudio (including 7 stores in the UAE) and 29 stores across other lifestyle concepts and we operated with a footprint of over 18 million sqft. across our fashion brands,” it added.
