1. India Stocks

  2. •

    Consumer Cyclical

  3. •

    Apparel - Retail
Trent Limited

Trent Limited

TRENT.BO
Trent LimitedIN flagBombay Stock Exchange
4,258.10
INR
+47.50
- -
1.51TMarket Cap
Trent Limited
TRENT.BO
(Bombay Stock Exchange)

Recent

price

4,258.10

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
75.35
73.06
61.3
60.31
48.07
46.94
53.58
63.89
77.81
99.05
71.65
124.26
228.2
343.34
474.66
558.39
564.65
Revenue per Share
0.37
-1.66
-1.24
-0.56
3.89
1.66
2.56
2.62
2.92
3.54
-4.11
2.98
12.51
41.82
43.51
48.37
48.37
Basic EPS, GAAP
-11.79
-11.12
1.02
-1.37
-0.3
-0.89
0.96
-0.92
-5.46
5.91
4.83
-5.99
2.57
17.22
11.05
25.45
- -
Free Cash Flow per Basic Share
0.76
0.77
0.69
0.82
0.82
2.28
0.03
1.21
1.38
1.5
1
1.2
1.1
2.2
3.2
4.99
- -
Dividend per Share
-0.21
2.55
-0.25
-2.3
1.11
0.45
3.01
4.42
5.76
-0.34
-5.44
-3.66
7.74
47.37
86.78
129.91
129.9
Book Value per Share
41.15
42.56
30.91
27.09
42.31
41.93
44.09
44.56
46
67.69
63.17
64.58
71.47
112.1
153.81
196.75
196.74
Tangible Book Value per Share
201
228
306
332
332
332
332
332
332
347
355
355
355
355
355
355
356
Basic Weighted Avg Shares
15,109
16,633
18,762
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
200,742
Sales/Revenue/Turnover
-0.26
-12.66
-11.46
-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
11.52
Operating Margin (%)
319
411
448
536
743
394
420
462
524
2,480
2,580
3,116
4,944
6,718
8,959
13,619
13,612
Depreciation Expense
75
-378
-380
-186
1,293
550
850
870
970
1,228
-1,462
1,058
4,446
14,868
15,467
17,196
17,196
Net Income, GAAP
70.11
- -
- -
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
23.03
Effective Tax Rate (%)
0.5
-2.27
-2.02
-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
8.57
Profit Margin (%)
4,532
4,829
3,882
2,858
232
-655
146
244
3,043
12,162
6,519
11,300
12,838
15,684
16,628
8,473
8,473
Working Capital
2,250
2,500
3,250
3,250
914
960
998
999
2,996
25,251
25,892
46,234
42,482
13,438
16,010
12,068
12,068
LT Debt
10,103
11,697
12,410
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
71,080
Total Equity
-0.11
- -
- -
200.82
-20.24
2.22
2.83
5.25
5.32
5.52
- -
1.37
6.13
15.18
21
20.92
20.34
Return on Invested Capital (%)
4.89
- -
- -
-61.58
43.61
20.01
22.79
20.39
19.6
17.66
- -
7.29
16.06
42.07
37.32
28.99
28.99
Return on Capital (%)
- -
- -
- -
- -
- -
212.31
148.02
70.55
57.32
- -
- -
- -
- -
151.78
64.87
44.65
44.65
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
12,263
- -
13,544
LT Borrowings
- -
- -
- -
LT Finance Leases
11,222
- -
12,068
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
355
- -
355
Market Capitalization
1,663,061
1,520,856
1,171,303

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
38,860
- -
40,583
Cash, Cash Equivalents & STI
11,105
- -
9,289
Accounts Receivable, Net
586
- -
511
Inventories
22,425
- -
22,890
Total Current Liabilities
31,382
- -
32,110
Payables & Accruals
- -
- -
- -
ST Debt
12,263
- -
13,544
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

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

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
26,284
29,824
34,666
31,279
122,053
2025
41,044
41,567
46,566
42,169
168,737
2026
48,835
48,177
53,451
50,280
198,501

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.88
6.6
10.53
- -
41.82
2025
11.04
9.53
13.99
8.95
43.51
2026
12.09
10.6
14.42
11.26
48.37

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2.2
2025
- -
- -
- -
- -
3.2
2026
- -
- -
- -
- -
4.99
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Business
Trent Limited (TRENT.BO), a Tata Group company founded in 1998 and headquartered in Mumbai, India, operates a diversified portfolio of retail formats focused on fashion, lifestyle, beauty, and grocery sectors; its core brands include Westside, offering over 22 in-house labels across women's wear, men's wear, kids' wear, footwear, lingerie, cosmetics, perfumes, accessories, and home decor; Zudio, a value fashion chain providing affordable apparel for men, women, and children; Utsa, specializing in contemporary ethnic apparel, beauty products, and accessories; Samoh, an elevated occasionwear line with premium fabrics and modern silhouettes; and Misbu, a trendy beauty and fashion accessories concept. The company also manages Star Market supermarkets through a 50:50 joint venture with Tesco, stocking staples, beverages, health and beauty items, fresh produce, dairy, and non-vegetarian products alongside private labels; Zara and Massimo Dutti via joint ventures with Inditex (35:65 and 49:51 respectively), offering fast-fashion and premium clothing; and Booker India cash-and-carry outlets (51:49 joint venture with Tesco) for business traders. Trent conducts operations across India with over 1,100 stores, including recent international expansion into Dubai with a Zudio outlet in 2024, and targets urban and semi-urban consumers in apparel, footwear, accessories, groceries, and household essentials. Recent developments encompass the March 2025 acquisition by subsidiary Booker India of THPL Support Services Limited for Rs 166.36 crore to bolster logistics capabilities; ongoing rapid scaling of Zudio to 765 stores and Westside to 248 stores as of March 2025; the 2023 launch of Samoh; and sustained store growth alongside sustainability efforts like IoT-enabled resource efficiency in 112 stores and waste traceability in over 200 locations.