Trent Limited · NSE:TRENT
Trent — Q4 FY26 Earnings Presentation
38 slides from Trent's earnings presentation, Apr 22, 2026
Slide 1: Cover letter to stock exchanges
22nd April 2026 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 A
Slide 2: Investor Presentation | Performance Highlights Q4 FY26
Investor Presentation | Performance Highlights Q4 FY26 1
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 2023 2025 1998 2016 2024 Trent Limited – Investor Presentation Q4FY26 3
Slide 5: Trent at a Glance
TRENT AT A GLANCE ₹ 4,937 Cr Q4FY26 Revenue from operations 1,286 Store count 321 City Presence Includes 3 cities in UAE 17.70 Mn Retail Area (sq. ft.) Note: Data as of 31st March 2026 Trent Limited – Investor Presentation Q4FY26 4
Slide 6: Q4FY26 Highlights
Q4FY26 HIGHLIGHTS Standalone ₹ 4,937Cr 20% ₹ 668Cr 43% ₹ 567Cr 43% ₹ 455Cr 30% Revenue from Op. EBITDA Op. EBIT PAT operations Consolidated ₹ 5,028Cr 19% ₹ 653Cr 44% ₹ 543Cr 42% ₹ 413Cr 33% Revenue from Op. EBITDA Op. EBIT PAT operations (incl. share from JVs & Assoc.) (incl. share from JVs & Assoc.
Slide 7: Trends – Last 5 Comparative Periods
TRENDS – LAST 5 COMPARATIVE PERIODS Rs. in crs. Revenue from operations Op. EBIT PAT Op. EBIT Margin PAT Margin 4.2% 2.9% 8.2% 9.7% 11.5% 6.3% 5.1% 7.8% 8.5% 9.2% 600 500 4,937 567 455 450 4,106 500 400 350 396 350 3,187 400 300 248 300 250 261 2,077 200 200 150 1,185 105 100 75 100 60 50 50 0 0 Q4
Slide 8: Store count
Store count Westside Zudio (Count includes Zudio stores operated in Star and stores in UAE) 60 212 FY26 FY26 52 198 Q4 23 Q4 109 FY26 FY26 22 109 Q3 17 Q3 48 FY26 FY26 17 48 Q2 19 Q2 44 FY26 FY26 13 40 Q1 1 Q1 11 FY26 FY26 0 1 Gross added Net Gross added Net Trent Limited – Investor Presentation Q4F
Slide 9: Results Context
RESULTS CONTEXT ❖ Market context: ─ Consumer sentiment was relatively stable at the beginning of Q4. The impact of the unfolding geopolitical situation is still playing out. Consumers are spending with caution, resulting in moderation of discretionary spending on the back of continuing macro uncerta
Slide 10: Results Context – Growth agenda
RESULTS CONTEXT ❖ Growth agenda (contd.): ─ The store portfolio has evolved over time and remains significantly heterogenous in various respects. We continue to add stores within select existing catchments across Tier I and Tier II cities, even as we accelerate presence in multiple smaller markets i
Slide 11: Results Context – Growth agenda (contd.)
RESULTS CONTEXT ❖ Growth agenda (contd.): ─ The Board considered and approved in-principle a proposal for raising additional funds of c. Rs. 2500 crores. The intent is to accelerate select investments including (i) upgrade of our existing portfolio of stores (ii) commitment towards incubating new br
Slide 12: Results Context – Operating economics
RESULTS CONTEXT ❖ Operating economics (contd.): ─ Our operating performance including return on capital employed continues to remain accretive. In FY26, our ROCE was over 29%. ─ Investments in automation and technology across multiple areas in the recent years has also aided in delivery of encouragi
Slide 13: Glossary of Key Terms
GLOSSARY OF KEY TERMS Term Description Revenue from operations Sale of products (excluding GST) + other operating revenue Operating EBITDA EBITDA excluding lease related Ind AS impact, exceptional items and other non-operating income Operating EBIT EBIT excluding lease related Ind AS impact, excepti
Slide 14: Fashion Concepts
pe 1 f 1 3 I a = B . . I a: - ¢
Slide 15: Store Count
Store Count 300 23 stores opened and 1 consolidated in Q4FY26 248 232 214 200 FY22 FY23 FY24 FY25 FY26 7.26 Mn+ 97 Retail area (sq. ft.) City presence Note: Data as of 31st March 2026 Trent Limited – Investor Presentation Q4FY26 14
Slide 16: Westside – Brand Portfolio
WESTSIDE – BRAND PORTFOLIO Trent Limited – Investor Presentation Q4FY26 15
Slide 17: Westside Connect
WESTSIDE CONNECT WESNESS Outdoor Wesness activations drove strong consumer engagement, led by the Mumbai Fun Run with 3,600+ participants, while Run2Rave, Pickleball, and the Heritage Run added ~500 attendees across Mumbai, Hyderabad, Pune, and Bangalore, strengthening on-ground brand visibility. YN
Slide 18: Westside – Recent Stores
WESTSIDE – RECENT STORES SECTOR 65 GURUGRAM RADIAL ROAD, CHENNAI HUGHES ROAD, MUMBAI SEA PORT, KOCHI RAJAHMUNDRY, RAJAMAHENDRAVAM Trent Limited – Investor Presentation Q4FY26 17
Slide 19: Westside – Recent Stores
WESTSIDE – RECENT STORES PASUPATHY SHOPPING MALL, TIRUPATI PAVILION MALL, LUDHIANA NAGARAM,HYDERABAD MANASAROVAR, JAIPUR THUDIYALUR, COIMBATORE Trent Limited – Investor Presentation Q4FY26 18
Slide 20: Store Count
Store Count 963 109 stores opened in Q4FY26 765 545 352 233 FY22 FY23 FY24 FY25 FY26 Count includes Zudio stores operated in Star and stores in UAE 10.38 Mn+ 313 Retail area (sq. ft.) City presence Includes 3 cities in UAE Note: Data as of 31st March 2026 Trent Limited – Investor Presentation Q4FY26
Slide 21: Zudio Campaigns
ZUDIO CAMPAIGNS The Zummer Runway’ 26 Trent Limited – Investor Presentation Q4FY26 20
Slide 22: Zudio Campaigns
ZUDIO CAMPAIGNS 5000+ ENTRIES 40M+ ENGAGEMENT ORGANIC CHANNELS ONLY Trent Limited – Investor Presentation Q4FY26 21
Slide 23: Zudio – Recent Stores
ZUDIO – RECENT STORES LUDHIANA WALK, LUDHIANA PATIA, BHUBANESWAR SAIDABAD, HYDERABAD DHIPU, ASSAM HIMMATNAGAR, GUJARAT SADAR, NAGPUR Trent Limited – Investor Presentation Q4FY26 22
Slide 24: Zudio – Recent Stores
ZUDIO – RECENT STORES KP ARENA, SHEGAON LOVELY MARBLES, JALANDHAR ADONI, ANDHRA PRADESH LALA LAJPAT RAI ROAD, AGRA UDAYRAMPUR, AMTALA SHAKUNTALA COMPLEX, SHIRPUR Trent Limited – Investor Presentation Q4FY26 23
Slide 25: Food & Grocery
FOOD &GROCERY _—
Slide 26: Food & Grocery
FOOD & GROCERY (in Rs. Crs.) Revenues (excl. GST) 850 * 803 687 525 358 Q4 Q4 Q4 Q4 Q4 FY22 FY23 FY24 FY25 FY26 *Multiple stores under upgrade and consolidation of select stores in Q4 and FY26; Revenue includes Zudio SIS stores 1.44 Mn+ 84 12 # of stores Retail area (sq. ft.) (incl. Zudio stores ope
Slide 27: Star Product Category Split
STAR PRODUCT CATEGORY SPLIT Q4 FY25 Q4 FY26 General Fresh, 18% General Fresh, 19% Merchandise Merchandise & & Apparel, Apparel, 30% 31% Staples, Staples, 27% 28% FMCG, 23% FMCG, 24% % Own Brand Share: 72% % Own Brand Share: 73% Our Own Brands Trent Limited – Investor Presentation Q4FY26 26
Slide 28: Star Own Brands
STAR OWN BRANDS Trent Limited – Investor Presentation Q4FY26 27
Slide 29: Star Campaigns
STAR CAMPAIGNS Trent Limited – Investor Presentation Q4FY26 28
Slide 30: Star Recent Stores
STAR RECENT STORES HAYATH NAGAR, HYDERABAD BODUPPAL, HYDERABAD BHOSARI, PUNE Trent Limited – Investor Presentation Q4FY26 29
Slide 31: Sustainability and CSR
SUSTAINABILITY and CSR Trent Limited – Investor Presentation Q4FY26 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 • Smart efficiency at scale: IoT-enabled HVAC deployed across 80% of the eligible stores, driving Carbon emission reduction is a top data-led energy optimization. priority for Trent with thorough assessment of energy consumption • Clean pow
Slide 34: Love for environment x Great experience for colleagues
Love for environment x Great experience for colleagues Waste Management CASELET Initiatives Replace cartons Recycled Compostable with totes hangers packaging and recycled metal Moving to totes enhances the quality of life for colleagues, improves handling of products at various touchpoints and reduc
Slide 35: Lower carbon footprint x enhance customer delight
Lower carbon footprint x enhance customer delight Life Cycle Assessment CASELET Framework Production Design Distribution Identified Product Assessment Findings Product Footprint Textile Retail for 1 T-shirt production CRADLE Use Fibre Garment phase Lifecycle GRAVE Assessment Water Waste Wastewater C
Slide 36: CSR Initiatives
CSR INITIATIVES Trent Scholars For FY26, the ‘Trent Scholar’ program positively impacted the lives of more than 1,700 students across undergraduate, graduate, and postgraduate academic levels. Implemented through partnerships with government institutions, a research academy, NGOs and domain speciali
Slide 37: CSR Initiatives
CSR INITIATIVES Cotton, Agriculture and Regeneration for Adaption The “Cotton, Agriculture and Regeneration for Adaption Initiative”, implemented in the Danta block of Banaskantha district, Gujarat, aims to strengthen resilience, productivity, and income stability for ~3,000 tribal cotton-growing ho
Slide 38: Investor relations contact
For any queries, please email to: investor.relations@trent-tata.com; Copyright 2026 Trent Limited. All rights reserved. Reproduction in whole or in part without written permission is strictly prohibited.