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Trent Q3 Results: Operating profit growth beats estimates, margin expandsShares of Tata Group's Trent have declined over 40% from their record high of 8,345 that they had surged to in October 2024.By Mangalam Maloo   |  Hormaz Fatakia   February 4, 2026, 5:08:49 PM IST (Updated)2 Min ReadTata Group retail firm Trent Ltd on Wednesday (February 4) reported a 2.7% year-on-year rise in net profit for Q3 at ₹510 crore, compared with ₹496.5 crore in the same period last year, slightly below CNBC-TV18’s poll estimate of ₹537 crore.

Revenue grew 14.8% to ₹5,345 crore from ₹4,656 crore a year ago. EBITDA jumped 27.6% year-on-year to ₹1,081.7 crore, surpassing CNBC-TV18’s poll of ₹1,000 crore. EBITDA margin improved to 20.2% from 18.2% in Q3 last year.

Trent now operates a significant portfolio of over 1,100 “large-box” fashion stores, with a presence across 274 cities. In Q3FY26, the company opened 17 Westside and 48 Zudio stores, including one store in the UAE.

Also Read: Trent shares fall after analysts call revenue growth 'disappointing'

As of December 31, 2025, the store portfolio comprised 278 Westside stores, 854 Zudio stores (including four in the UAE), and 32 stores across other lifestyle concepts. The total retail footprint across Trent’s fashion brands exceeded 15 million sq. ft.

The company stated that full-year results are more representative of the health of the business due to its approach to merchandise sourcing, price architecture, distribution, and inventory provisioning. The gross margin profile of Westside and Zudio remained stable, while the operating EBIT margin for Q3FY26 was 13.8%, up from 13.2% in Q3FY25.

Trent’s Star business consisted of 79 stores during the nine months ended December 31, 2025, including the addition of six stores and the closure of five. The company is implementing multiple interventions, including technology upgrades, aimed at enhancing differentiation and improving convenience for its customers.

Also Read: Trent shares fall over 6% after Q2 results trigger downgrades, target cuts

Noel N Tata, Chairman, Trent Ltd, said, “On a higher base, our fashion business registered category-leading growth during the quarter. The customer sentiment is gradually improving, and our business outlook for the medium

term continues to remain positive. Our focus continues to be on portfolio growth, elevating products and enhancing store experience for our customers.

We have consistently delivered a differentiated consumer proposition that appeals to a wider audience across diverse markets. We believe an unwavering focus on being relevant to our customers and building resilience with our business model choices will continue to hold us in good stead."

Shares of Trent ended 5.2% higher on Wednesday, ahead of the earnings announcement at ₹4,021. The stock is down over 40% from its peak of ₹8,345 in October 2024.Continue ReadingFirst Published: Feb 4, 2026 4:57 PM ISTTagsQ3 resultsshare market todayTata Group StocksTrentTrent LtdTrent Q3Trent share price