1. India Stocks

  2. •

    Retail trade

  3. •

    Apparel/Footwear retail
Trent Limited

Trent Limited

2,774.90
INR
-44.10
(-1.56%)
34.02EPS
96.70P/E
1.75TMarket Cap
Oct 29Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
40.21
32.05
31.29
35.72
42.6
51.87
66.03
47.76
82.84
152.14
228.89
316.44
372.26
392.72
Basic EPS, GAAP
-0.37
2.59
1.1
1.71
1.75
1.95
2.36
-2.74
1.98
8.34
27.88
29.01
32.25
33.92
Free Cash Flow per Basic Share
-0.92
-0.2
-0.59
0.64
-0.61
-3.64
3.94
3.22
-3.99
1.72
11.48
7.36
16.97
- -
Dividend per Share
0.54
0.54
1.52
0.02
0.81
0.92
1
0.67
0.8
0.74
1.47
2.13
3.33
- -
Book Value per Share
19.88
29.82
29.38
31.05
32.01
33.03
44.78
43.38
44.33
48.67
76.28
102.43
130.99
- -
Tangible Book Value per Share
18.01
28.15
27.74
29.38
29.69
30.73
42.62
41.28
42.19
46.38
74.08
100.26
128.86
- -
Basic Weighted Avg Shares
498
498
498
498
498
498
521
533
533
533
533
533
533
533
Sales/Revenue/Turnover
20,043
15,975
15,597
17,806
21,233
25,858
34,413
25,469
44,173
81,123
122,053
168,737
198,501
209,454
Operating Margin (%)
-11.68
-30.88
4.19
5.28
8.21
7.56
9.02
-2.79
6.21
7.56
10.52
11.28
11.98
11.82
Depreciation Expense
536
743
394
420
463
524
2,480
2,580
3,116
4,944
6,718
8,959
13,619
14,784
Net Income, GAAP
-186
1,293
550
850
870
970
1,229
-1,462
1,058
4,446
14,868
15,467
17,197
18,090
Effective Tax Rate (%)
1,357.05
35.12
37.19
42.33
40.65
43.69
35.77
- -
68.89
28.7
23.08
24.4
23.03
23.22
Profit Margin (%)
-0.93
8.1
3.53
4.78
4.1
3.75
3.57
-5.74
2.4
5.48
12.18
9.17
8.66
8.64
Working Capital
2,858
232
-655
146
244
3,043
12,162
6,519
11,300
12,838
15,684
16,628
8,473
- -
LT Debt
3,250
914
960
998
999
2,996
25,251
25,892
46,234
42,482
13,438
16,010
12,068
- -
Total Equity
9,934
14,893
14,747
15,484
15,962
16,436
24,674
23,575
24,099
26,630
41,026
55,834
71,080
- -
Return on Invested Capital (%)
205.56
-15.73
2.46
2.65
4.75
5.03
6.57
- -
1.83
8.32
24.45
22.13
20.62
- -
Return on Capital (%)
-12.63
8.59
4.26
5.48
5.35
5.8
8.24
- -
4.36
10.64
26.83
24.33
21.13
- -
Return on Common Equity (%)
-1.67
10.44
3.73
5.65
5.54
5.98
6.09
-6.22
4.53
17.93
44.63
32.46
27.63
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
13,545
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
12,068
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
533
533
533
Market Capitalization
1,520,792
1,171,207
1,748,864

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
40,583
- -
Cash, Cash Equivalents & STI
- -
9,289
- -
Accounts Receivable, Net
- -
511
- -
Inventories
- -
22,890
- -
Total Current Liabilities
- -
32,110
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
13,545
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
18.69%
26.04%
27.31%
Free Cash Flow
15.75%
59.33%
130.39%
Net Income, GAAP
27.34%
79.47%
11.18%
Sales/Revenue/Turnover
32.57%
52.69%
17.64%
Total Cash Common Dividend
373.77%
42.57%
56.24%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
41,044
41,567
46,566
42,169
168,737
2026
48,835
48,177
53,451
50,280
198,501
2027
57,547
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
7.36
6.35
9.33
5.97
29.01
2026
8.06
7.07
9.61
7.51
32.25
2027
9.73
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
2.13
2026
- -
- -
- -
- -
3.33
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Venkatesalu Palaniswamy
Full Time Employees
38,417
Sector
Retail trade
Industry
Apparel/Footwear retail
Address
Trent House, G-Block Mumbai MA India 400051
IPO Date
Nov 30, 1994
Website
trentlimited.com
Similar Companies
TJX Companies, Inc. (The) (NYSE:TJX)
Meesho Limited (NSE:MEESHO)
Abercrombie & Fitch Company (NYSE:ANF)
Ross Stores, Inc. (NASDAQ:ROST)
Victorias Secret & Co. (NYSE:VSXY)
Vishal Mega Mart Ltd. (NSE:VMM)
Business
Trent Limited is an Indian retail company primarily engaged in the retailing and trading of fashion apparel, footwear, accessories, cosmetics, perfumes, and home furnishings through various retail formats. Founded in 1998 and headquartered in Mumbai, Trent operates key brands including Westside, which offers branded fashion apparel, footwear, and accessories for women, men, and children along with home décor and furnishings; Zudio, a value fashion brand providing affordable apparel and accessories; Star Bazaar, a hypermarket and grocery retail chain supplying food, beverages, health and beauty products, dairy, meat, and home goods; and specialty stores such as Utsa and Samoh. The company targets diverse consumer segments across India, focusing on fashion, lifestyle, and grocery markets. In the past 1-2 years, Trent Limited has undergone significant strategic shifts with accelerated store expansions, adding over 200 net stores in fiscal 2024 and further 236 net stores in 2025, particularly bolstering its Zudio and Westside brands. Trent has improved its capital structure markedly, reducing its lease liabilities through reassessment and consolidation of its physical store footprint with shorter lease tenures, enhancing operational efficiency and profitability. The company has also enhanced its digital presence through online platforms, strengthening omni-channel retail capabilities. Despite a challenging retail environment in 2025, Trent reported steady revenue growth driven by festive season sales and new store launches, maintaining a strong operating margin and return on equity. As a Tata Group entity, Trent leverages group synergies while maintaining autonomous operations focused on Indian retail markets. It continues to innovate in product offerings with over 22 in-house fashion labels under Westside, expanding lifestyle and home product categories. Recent operational improvements include inventory optimization and improved working capital metrics, supported by strong cash flows and liquid investments. Trent also emphasizes sustainability initiatives aligned with India's climate goals. The company remains a leading player in Indian retail with comprehensive product offerings spanning apparel, footwear, accessories, cosmetics, grocery, and home goods supported by robust multi-format retail operations across the country.