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Trent Limited, the retail arm of the Tata Group, posted solid third quarter results driven by robust performance in its fashion retail businesses. Standalone net profit grew about 36% and adjusted profit rose about 41% year on year, while standalone sales increased close to 16%. On a consolidated level, revenue climbed about 15%, though overall profit growth was modest. The company continued to strengthen its retail footprint, adding new Westside and Zudio stores, including an outlet in the UAE, and expanded its overall retail space to more than 15 million square feet. Stable margins and disciplined operations underpinned the performance.
Trent Ltd reported a notable improvement in its third quarter financial results compared to the same period last year, as demand in its core fashion retail segments remained strong and its store expansion continued. On a standalone basis, revenue from operations rose about 15.98% year on year to roughly INR 5,259 crore, supported by steady customer demand and broad execution across product categories. Profit after tax on this basis increased about 36.3% to about INR 640 crore, while an adjusted profit measure, which reflects removal of exceptional expenses, showed an approximate 41% rise compared with the prior year. Advertisement
Operating performance was underlined by a roughly 23% growth in EBITDA to about INR 822 crore, and the operational EBIT margin widened to around 13.8%, compared with 13.2% a year earlier. Gross margins across its primary fashion formats Westside and Zudio remained stable as the company maintained its pricing and inventory strategies.
On a consolidated basis, revenue from operations grew about 14.8% to approximately INR 5,345 crore, compared with the year ago quarter. Consolidated net profit rose by around 2.7%, reflecting continued investment in business operations and the effects of broader retail formats within the group. The reported consolidated figures exclude hypermarket sales due to accounting standards, though profits from that venture continue to be recognised through equity accounting.
During the quarter, Trent added 17 Westside stores and 48 Zudio stores, including one in the UAE, expanding its large format fashion retail footprint to over 1,100 stores across 274 cities and more than 15 million square feet of retail space by the end of December. The company's portfolio also includes lifestyle and other concepts, supported by continued investment in product quality and customer experience.
Trent's grocery and daily needs business under the Star format operates separately and reported a mix of store additions and closures during the nine months under review, with ongoing efforts to improve differentiation and customer convenience in a competitive segment.
Management noted that disciplined merchandise sourcing, price architecture, distribution strength and inventory management helped sustain performance. The company reiterated its focus on portfolio growth and enhancing store experiences, as well as strengthening its presence in emerging markets and customer segments.
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