Trent
- Market cap
- ₹ 1,44,818 Cr.
- P/E
- 79.5x
- P/B
- 21.19x
- 52-week range
- 2,183.68 – 3,399.7
- ROE
- 28%
- ROCE
- 28%
- Dividend yield
- 0.1%
- Debt / equity
- 0.37
- Sector
- Retailing
- Industry
- Speciality Retail
- Listed on
- NSE, BSE
About
Trent Limited is part of the Tata Group and operates a portfolio of retail concepts. Its brands are divided into two groups, namely Fashion and Lifestyle and Food and Grocery. The Company’s primary customer propositions include Westside, which operates a chain of fashion retail stores that offers a broad range of products ranging from apparel, footwear, accessories to cosmetics and perfumes to home accessories and gift offers, among others; Zudio, which offers several product categories, including apparel for men, women and kids, footwear and others; and Trent Hypermarket, which operates in the food, grocery and daily needs segment under the Star banner. It operates cash and carry stores under the Booker Wholesale banner that focuses on categories and assortments relevant to small businesses, which include products in categories including staples, processed foods, confectionery, personal care, home care, among others. Its other brands include Utsa and SAMOH.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Speciality Retail: 28 companies →Trent against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)79.5 against a typical 37.3: pricier than most peers (1st = cheapest).21st of 28
- Sales growth+17.9% against a typical +15.4% from a year earlier.10th of 23
- Profit growth+21.9% against a typical +18.3% from a year earlier.8th of 18
- Share price, 3 months−6.1% against a typical −17.4%.10th of 25
- Size₹ 1,44,817.9 Cr. market value against a typical ₹ 464.2 Cr. (1st = largest).1st of 27
Latest announcements
Exchange filings and their impact on the company.
- Trent to sell property arm Netria to a SM REIT and lease it back, unlocking cash with no store disruption.
Trent said its wholly owned subsidiary Nahar Retail Trading Services signed a binding term sheet on 22 October 2026 to sell its entire 100% stake in Netria Property Holdings to TreBits Investment Trust, a SEBI-registered Small and Medium REIT. The deal is subject to final agreements and the Trust completing the IPO of its first scheme. Trent said it will continue to occupy the premises owned by Netria under lease arrangements with the Trust, making this effectively a property monetisation with leaseback.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA+ by 2 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE AA+ | Stable | 12 May 2026 |
| ICRA | [ICRA]AA+ | Stable | 7 May 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 12 May 2026 | Reaffirmed | CARE AA+ / CARE A1+ → CARE AA+ | — | CARE | ₹ 1,850.01 Cr. | |
| 7 May 2026 | Reaffirmed | [ICRA]AA+ | — | ICRA | ₹ 500 Cr. | |
| 21 Nov 2025 | Reaffirmed | CARE AA+ / CARE A1+ | — | CARE | ₹ 1,150.01 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 29 Oct 2026Upcoming | Financial Results | Notice of Board Meeting |
| 6 Aug 2026 | Financial Results | Notice of Board Meeting |
| 22 Apr 2026 | Financial Results/Dividend/Other business matters | To consider and approve the financial results for the period ended March 31, 2026, dividend and other business matters |
| 26 Mar 2026 | Fund Raising | Notice of Board Meeting to consider the proposal for issuance of Non-Convertible Debentures pursuant to Regulation 29(1) and 50(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 |
| 4 Feb 2026 | Financial Results | Notice of Board Meeting to consider and approve Unaudited Standalone and Consolidated Financial Results for the third quarter and nine-months ended 31st December 2025 |
| 7 Nov 2025 | Financial Results | To consider and approve the financial results for the second quarter and half-year ended 30th September 2025 |
| 6 Aug 2025 | Financial Results | Notice of the Board Meeting to consider and approve Unaudited Standalone and Consolidated Financial Results for the quarter ended 30th June 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,982 | 3,467 | 3,298 | 4,104 | 4,157 | 4,657 | 4,217 | 4,883 | 4,818 | 5,345 | 5,028 | 5,755 |
| Expenses | 2,526 | 2,838 | 2,828 | 3,491 | 3,511 | 3,809 | 3,566 | 4,036 | 4,002 | 4,264 | 4,117 | 4,636 |
| Operating Profit | 457 | 629 | 470 | 613 | 646 | 847 | 651 | 848 | 816 | 1,081 | 911 | 1,119 |
| OPM % | 15% | 18% | 14% | 15% | 16% | 18% | 15% | 17% | 17% | 20% | 18% | 19% |
| Other Income | 105 | 110 | 695 | 101 | 51 | 80 | 74 | 50 | 28 | 5 | 28 | 30 |
| Interest | 95 | 99 | 33 | 32 | 33 | 37 | 38 | 40 | 42 | 43 | 44 | 47 |
| Depreciation | 152 | 165 | 213 | 181 | 197 | 245 | 272 | 293 | 325 | 367 | 377 | 410 |
| Profit before tax | 314 | 475 | 919 | 501 | 467 | 646 | 416 | 565 | 477 | 676 | 519 | 692 |
| Tax % | 27% | 22% | 23% | 22% | 28% | 23% | 25% | 25% | 22% | 25% | 20% | 25% |
| Net Profit | 228 | 371 | 712 | 391 | 335 | 497 | 312 | 425 | 373 | 510 | 413 | 518 |
| EPS in Rs | 4.4 | 7.02 | 13.21 | 7.36 | 6.35 | 9.33 | 5.97 | 8.06 | 7.07 | 9.62 | 7.51 | 9.73 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 28%
- 5 Years
- 51%
- 3 Years
- 35%
- TTM
- 17%
- 10 Years
- 43%
- 5 Years
- 69%
- 3 Years
- 71%
- TTM
- 15%
- 10 Years
- 37%
- 5 Years
- 37%
- 3 Years
- 29%
- TTM
- —
- 10 Years
- 17%
- 5 Years
- 24%
- 3 Years
- 29%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Trent | ₹ 2,913.90 | ₹ 1,44,818 Cr. | 79.5x | 21.2x | 28% | — |
| Metro Brands | ₹ 820.00 | ₹ 22,354 Cr. | 71.1x | 14.7x | 22.2% | 14.5% |
| Aditya Birla Lifestyle Brands | ₹ 70.64 | ₹ 8,615 Cr. | 27.5x | 8.2x | — | 2% |
| Brainbees Solutions | ₹ 164.10 | ₹ 8,568 Cr. | — | 2.1x | −2.9% | −2.4% |
| Vedant Fashions | ₹ 482.95 | ₹ 11,734 Cr. | 25.8x | 4.9x | 20% | 26.2% |
| V2 Retail | ₹ 163.10 | ₹ 591 Cr. | 51.7x | 8.9x | 26% | 5.3% |
Management
- Neeraj Basur
- Chief Financial Officer
- Krupa Anandpara
- Compliance Officer, Company Secretary
- Venkatesalu Palaniswamy
- Managing Director, Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.