Trent Q1 revenue up 19% to ₹5,666 cr as store count hits 1,312
Tata's Trent grew Q1 revenue 19% YoY to ₹5,666 crore, expanding its network to 1,312 stores including 301 Westside and 982 Zudio outlets. The company also flagged a 1:2 bonus issue and ₹6 dividend per share amid strong profit growth.
What happened
Tata's Trent posted 19% YoY Q1 revenue growth to ₹5,666 crore, expanding its store network to 1,312 outlets (Westside, Zudio). It also reported strong Q4/FY26
Key facts
- revenue ₹5,666 crore Q1
- 19% YoY revenue growth
- 1,312 total stores
- 301 Westside stores
- 982 Zudio stores
- Q4 net profit ₹413.1 crore up 32.6%
- FY26 net profit ₹1,721.33 crore up 12.2%
- 1:2 bonus issue
- ₹6 dividend per share
Why this matters
The aggressive multi-format footprint (301 Westside + 982 Zudio) sets a competitive benchmark that pressures rivals and may open partnership or supply-chain M&A angles in value apparel.
What to watch
- Same-store sales growth vs new-store contribution split in next quarter
- EBITDA margin trajectory amid expansion capex
- Zudio net store adds per quarter and per-store revenue
- Ex-bonus stock reaction and institutional flow post dividend
- Inventory days and gross margin on value assortment
- Watch peers (Aditya Birla Fashion, Reliance Retail, V-Mart) accelerate value-fashion store additions to defend share
- Analysts likely trim SSSG estimates while raising store-count targets
- Trent to guide on Zudio international/tier-2 expansion and Star grocery scaling
- Supplier and mall-lease negotiations tighten as Zudio scales footprint