Trent Limited · NSE:TRENT
Trent — Q2 FY26 Earnings Presentation
36 slides from Trent's earnings presentation, Nov 7, 2025
Slide 1: Exchange filing cover letter
7th November 2025 Listing Department Listing Department The National Stock Exchange of India Limited BSE Limited Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Bandra (East), Dalal Street, Mumbai 400051 Mumbai 400 001 Symbol: TRENT Scrip Code: 500251 Sub: Investors’ Presentation on
Slide 2: Investor Presentation | Performance Highlights Q2 FY26
Investor Presentation | Performance Highlights Q2 FY26
Slide 3: Disclaimer
DISCLAIMER Statements in this Presentation describing the Company’s performance may be “forward looking Statements” within the meaning of applicable securities laws and regulation. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factor
Slide 4: Trent's Journey
TRENT’S JOURNEY Conceived JV 1998 2014 2019 2024 2025 1998 2016 2023 2024 Trent Limited – Investor Presentation Q2FY26 3
Slide 5: Trent at a Glance
TRENT AT A GLANCE ₹ 4,724 Cr Q2FY26 Revenue from operations 1101 Store count 251 City Presence Includes 2 cities in UAE 14.7 Mn Retail Area (sq. ft.) 19 Mn+ WestStyle Club Members Note: Data as of 30th September 2025 Trent Limited – Investor Presentation Q2FY26 4
Slide 6: Q2 FY26 Highlights
Q2 FY26 HIGHLIGHTS Standalone ₹ 4724Cr 17% ₹ 575Cr 16% ₹ 477Cr 9% ₹ 451Cr 6% Revenue from Op. EBITDA Op. EBIT PAT operations Consolidated ₹ 4818Cr 16% ₹ 575Cr 14% ₹ 470Cr 7% ₹ 373Cr 11% Revenue from Op. EBITDA Op. EBIT PAT operations (incl. share from JVs & Assoc.) (incl. share from JVs & Assoc.) No
Slide 7: Trends – Last 5 Comparative Periods
TRENDS – LAST 5 COMPARATIVE PERIODS Rs. in crs. Revenue from operations Op. EBIT PAT Margin Margin 4,724 13% 7% 10% 11% 10% 13% 10% 10% 11% 10% 600 600 4,036 500 477 500 437 451 423 2,891 400 400 300 283 290 300 1,814 200 200 186 1,020 126 133 126 100 100 0 0 Q2 Q2 Q2 Q2 Q2 Q2 Q2 Q2 Q2 Q2 Q2 Q2 Q2 Q
Slide 8: Results Context
RESULTS CONTEXT ❖ Our agenda has been to drive material reach and share of revenues across key markets. Further, we are upgrading the quality of our store portfolio and are consciously increasing the density of our presence across markets. Our approach towards selectively consolidating some of our s
Slide 9: Results Context
RESULTS CONTEXT ❖ Investments in technology and automation across multiple areas in the recent years has aided in delivery of stable operating economics. For instance, our investments in pan network RFID technology has unlocked layers of productivity across key supply chain processes and in our stor
Slide 10: Fashion Concepts
NOT A ) * MBEING NOTICED, W'S ABOLT
Slide 11: Store Count – Westside
Store Count 261 19 stores opened and 6 consolidated in Q2FY26 223 226 203 185 Q2 FY22 Q2 FY23 Q2 FY24 Q2 FY25 Q2 FY26 6 Mn+ 88 Retail area (sq. ft.) City presence Trent Limited – Investor Presentation Q2FY26 10 Note: Data as of 30th September 2025
Slide 12: Westside – Brand Portfolio
WESTSIDE – BRAND PORTFOLIO Trent Limited – Investor Presentation Q2FY26 11
Slide 13: Westside Connect
WESTSIDE CONNECT MEDIA DAY Westside’s Media Day 2025 included the launch of the Young New Game-Changer (YNG) program for Gen-Z and a stunning showcase of the AW25 collection for NUON, YnG, Holiday, Smart, Glam WESNESS PLAYDATE This quarter, we created a buzz around recreating the Wesness experience
Slide 14: Launch of Young New Gamechanger (YNG)
LAUNCH OF YOUNG NEW GAMECHANGER (YNG) Westside launched its Young New Game-changer (YNG) program, an inspiring initiative designed to celebrate and nurture India’s next generation of fashion creators. With YNG, Westside has created a dynamic stage for young designers, stylists, models, influencers,
Slide 15: Westside – Recent Stores
WESTSIDE – RECENT STORES Warangal, Telangana Enikepadu, Vijayawada Zoo road, Guwahati Nandhyal road, Kurnool Gorakhpur Patia, Bhubaneshwar Trent Limited – Investor Presentation Q2FY26 14
Slide 16: Westside – Recent Stores
WESTSIDE – RECENT STORES RC Puram, Hyderabad Mota Varachha, Surat Vytilla, Kochi Kanke road, Ranchi SNB Tower, Udaipur VASNA VADODARA Trent Limited – Investor Presentation Q2FY26 15
Slide 17: Store Count – Zudio
Store Count 806 44 stores opened and 4 consolidated in Q2FY26 577 411 268 121 Q2 FY22 Q2 FY23 Q2 FY24 Q2 FY25 Q2 FY26 Count includes SIS stores and stores in UAE 8.6 Mn+ 244 Retail area (sq. ft.) City presence Includes 2 cities in UAE Note: Data as of 30th September 2025 Trent Limited – Investor Pre
Slide 18: Zudio Campaigns
ZUDIO CAMPAIGNS Trent Limited – Investor Presentation Q2FY26 17
Slide 19: Zudio Campaigns
ZUDIO CAMPAIGNS Trent Limited – Investor Presentation Q2FY26 18
Slide 20: Zudio Campaigns
ZUDIO CAMPAIGNS Trent Limited – Investor Presentation Q2FY26 19
Slide 21: Zudio – Recent Stores
ZUDIO – RECENT STORES PATNA SAHEB, PATNA MAXON TOWER, PALAMPUR SARDARPURA, JODHPUR AU FAMILY HUB, GHAZIABAD JP ROAD, BHIMAWARAM, AP GUNTUR, AP Trent Limited – Investor Presentation Q2FY26 20
Slide 22: Zudio – Recent Stores
ZUDIO – RECENT STORES DOWNTOWN, PATHANKOT SALUNKHE VIHAR, PUNE HABRA, WEST BENGAL KARKAMBADI, TIRUPATHI CITY CENTER, UNA AMB SELFIE STREET, GURUGRAM Trent Limited – Investor Presentation Q2FY26 21
Slide 23: Launch of Our New Youth-Focused Fashion Brand
LAUNCH OF OUR NEW YOUTH-FOCUSED FASHION BRAND Trent Limited – Investor Presentation Q2FY26 22
Slide 24: About Burnt Toast
ABOUT BURNT TOAST Burnt Toast – created to empower India's next generations of trendsetters. This launch marks Trent's leap into youth-focused fashion, combining affordability, community, and self- expression. The brand is more than just a clothing line; it's a lifestyle that celebrates shared style
Slide 25: Burnt Toast – Recent Stores
BURNT TOAST – RECENT STORES BANGALORE THANE PUNE SURAT Trent Limited – Investor Presentation Q2FY26 24
Slide 26: Food & Grocery
FOOD & GROCERY
Slide 27: Food & Grocery
FOOD & GROCERY Revenue (in Rs. Crs.) 898 879* 708 547 325 Q2 Q2 Q2 Q2 Q2 FY22 FY23 FY24 FY25 FY26 *Multiple stores underwent upgrade in Q2 and H1; Revenue Includes Zudio SIS stores 1.31 Mn+ 77 10 # of stores Retail area (sq. ft.) (incl. SIS) City presence Note: Data as of 30th September 2025 Trent L
Slide 28: Star Product Category Split
STAR PRODUCT CATEGORY SPLIT Q2 FY25 Q2 FY26 Fresh, 18% General Fresh, 19% General Merchandise Merchandise & & Apparel, Apparel, 30% 32% Staples, Staples, 26% 27% FMCG, 24% FMCG, 24% % Own Brand Share: 73% % Own Brand Share: 73% Our Own Brands Trent Limited – Investor Presentation Q2FY26 27
Slide 29: Star Own Brands - Smartle
STAR OWN BRANDS - SMARTLE SMARTLE Share in General Merchandise: 83% Trent Limited – Investor Presentation Q2FY26 28
Slide 30: Star – Campaigns
STAR – CAMPAIGNS Trent Limited – Investor Presentation Q2FY26 29
Slide 31: Sustainability and CSR
SUSTAINABILITY and CSR Trent Limited – Investor Presentation Q2FY26 30
Slide 32: Sustainability Strategy
SUSTAINABILITY STRATEGY Three Pillars • Resource Efficient: ─ Energy conservation, renewable sources of energy, packaging waste reduction and management practices • Responsible by Design: ─ Selection of materials, development of suppliers, design of supply chain networks and processes • People Consc
Slide 33: Sustainability Initiatives
SUSTAINABILITY INITIATIVES Pillar Core elements Initiatives • Internet Of Things (IoT) with smart energy solutions as well as energy efficient hardware Carbon emission reduction is a top such as high-lumen lighting and inverter ACs installed at 395 stores, which has helped priority for Trent with th
Slide 34: CSR Initiatives
CSR INITIATIVES Crafting a Better Planet • Our “Crafting a Better Planet” initiative supports women in Kutch to convert plastic waste into unique products like sunglass covers and laptop sleeves, which are sold online and at exhibitions. • Women artisans are also upskilled with business training, di
Slide 35: CSR Initiatives
CSR INITIATIVES Trent Scholar- Doctoral Fellowship • Our “Trent Scholar” program in partnership with The Karta Initiative Foundation India promotes higher education access for marginalized youth. • Each scholars’ 4-year support includes internship, mentorship, books, certifications, workshops, livin
Slide 36: Contact investor relations
For any queries, please email to: investor.relations@trent-tata.com Copyright 2025 Trent Limited. All rights reserved. Reproduction in whole or in part without written permission is strictly prohibited.