Trent Ltd reported a strong set of March-quarter earnings, with profit and margins expanding sharply on the back of continued traction in its retail business.

Consolidated net profit rose 32.6% year-on-year to ₹413 crore, compared to ₹312 crore in the same quarter last year. Revenue from operations grew 19.2% to ₹5,028 crore, up from ₹4,217 crore a year ago.

Margins expand sharply

Operating performance remained robust, with EBITDA rising 42% to ₹927 crore, outpacing revenue growth.

This translated into a sharp expansion in operating margins, which came in at 18.44% compared to 15.46% in the year-ago quarter — a key positive for the Street.

The margin expansion reflects improved operating leverage and efficiencies as the company continues to scale its retail footprint.

Management sees recovery in sentiment

Chairman Noel N Tata said the company delivered an “encouraging performance” despite macro challenges.

“In FY26, the business delivered encouraging performance, while navigating multiple macroeconomic and geopolitical developments with resilience.”

He added that consumer sentiment is expected to improve going ahead.

“We believe that the consumer sentiment would recover further in the coming months once the geopolitical environment settles down.”

The company also indicated that it remains in the early stages of its growth journey, with significant headroom to expand its brand portfolio.

Store expansion, growth visibility intact

Trent continues to scale its store network aggressively, with a portfolio of over 1,250 fashion stores across 321 cities. The company added 23 Westside and 109 Zudio stores during the quarter.

Management remains confident about long-term growth opportunities in the lifestyle space.

“We are still in the initial laps of our growth and we remain committed to building out a portfolio of brands that address the significant market opportunity in the lifestyle space.”

Bonus issue, dividend announced

The board approved a bonus issue in the ratio of 1:2, implying one bonus share for every two shares held, subject to shareholder approval.

It also recommended a final dividend of ₹6 per equity share (face value Re 1).

Shares of Trent Ltd ended 0.44% higher at ₹4,409.90 on the NSE on Wednesday. The stock has declined over 17% in the past year, underperforming the benchmark Nifty 50, which has risen nearly 1% during the same period.