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Tata Trent Bonus Share Issue, Trent Q4 Results 2026 Preview, Expectations: Mumbai-based Trent Limited, a Tata Group retail company, is set to release its Q4FY26 quarterly earnings on Wednesday (April 22). Trent is a focused on fashion, lifestyle, and grocery. It manages flagship brands such as Westside, Zudio, Star, and several others.
The company also runs retail chains like Star Bazaar and Zara through joint ventures.
Breaking It Down
Powered via AITata Trent Bonus Share Issue
Along with earnings, Trent’s board to mull a bonus issue. If approved, this would mark the company’s first bonus issue since its listing in June 2004. However, record date has not been declared yet.
Board to also mull interim dividend, introduction of an ESOP plan and fundraising via equity issuance, including a potential rights issue.
Standalone YoY: Good show seen
Management in Q4 update: Revenue at Rs 4937 cr vs Rs 4106 cr, up 23 per cent YoY
- Revenue seen at Rs 4863 cr vs Rs 4106 cr, up 21.1 per cent
- EBITDA seen at Rs 803 cr vs Rs 656 cr, up 22.4 per cent
- PAT seen at Rs 376 cr vs Rs 350 cr, up 7.4 per cent
- Margin seen at 16.5 per cent vs 16 per cent, up 50 bps
Management in Q4 update:
Trent revenue growth trajectory:
- Q2FY25: 39.6 per cent
- Q3FY25: 40 per cent
- Q4FY25: 28.8 per cent
- Q1FY26: 19.8 per cent
- Q2FY26: 17.1 per cent
- Q3FY26: 16 per cent
- Q4FY26 update: 23 per cent (highest in 3 quarters)
FY26:
- FY26 revenue at Rs 19,701 cr vs Rs 16,668 cr, up 18 per cent YoY in-line with BBG estimate of Rs 19,736 cr
- Management reaffirmed their aspiration of 25 per cent plus growth at their AGM in July 2025 and this has been MISSED
Key expectations:
- Revenue growth to be driven by store additions
- Revenue per sq ft seen declining 11 per cent YoY
- Revenue growth to lag area growth due to cannibalization of revenues of older stores by new stores
- Guidance for FY27
- Same-Store Sales growth
- Demand outlook – Metros/Tier 2/3 towns
- Store expansion guidance
Trent Q3 Performance
Tata Group retail firm had reported 2.73 per cent increase in consolidated net profit at Rs 510.11 crore for December quarter FY26.
The company had logged a net profit of Rs 496.54 crore in the October-December period a year ago. Revenue from operations was up 14.78 per cent to Rs 5,345.06 crore in December quarter from Rs 4,656.56 crore a year ago.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
