Trent Limited announced its Q3 FY26 quarterly results for the third quarter ended December 31, 2025, demonstrating robust financial performance across both standalone and consolidated operations. The company's Board of Directors approved the unaudited financial results at a meeting held on February 4, 2026, showcasing strong operational efficiency and continued expansion momentum.

Consolidated Financial Performance

The company delivered strong consolidated results for Q3 FY26, with the consolidated net profit reaching ₹5.10 billion compared to ₹4.96 billion in the previous year, falling slightly short of analyst estimates of ₹5.35 billion.

Standalone Financial Performance

The company delivered impressive standalone results for Q3 FY26, with significant year-over-year growth across key financial metrics despite facing exceptional charges related to new labor code implementations.

Nine-Month Performance Analysis

The company's nine-month performance for the period ended December 31, 2025, demonstrated sustained growth momentum across both standalone and consolidated operations.

Exceptional Items and Regulatory Impact

The company recognized exceptional charges of ₹25.79 crore in standalone results and ₹26.11 crore in consolidated results for Q3 FY26. These charges relate to the implementation of India's consolidated labor codes that became effective from November 21, 2025. The new framework consolidates 29 existing labor legislations into four unified codes covering wages, social security, industrial relations, and occupational safety.

Key Financial Ratios and Metrics

The company maintained strong financial health indicators across various performance metrics for the nine-month period.

Corporate Developments

During the reporting period, the National Company Law Tribunal approved the amalgamation of Fiora Hypermarket Limited with Fiora Online Limited, effective from December 1, 2025, with an appointed date of April 1, 2025. Additionally, the amalgamation of THPL Support Services Limited with Booker India Limited was approved, becoming effective from February 1, 2026.

The results were reviewed by the Audit Committee and approved by the Board of Directors, with statutory auditors Deloitte Haskins & Sells LLP issuing unmodified review reports for both standalone and consolidated financial results.

Trent Limited has announced the successful completion of an amalgamation involving its subsidiary companies, marking a significant step in the company's organizational restructuring. The amalgamation between step-down subsidiary THPL Support Services Limited and Booker India Limited became effective on February 1, 2026, following regulatory approval.

NCLT Approval and Timeline

The National Company Law Tribunal (NCLT) Mumbai bench approved the amalgamation scheme on January 5, 2026, under Sections 230 to 232 of the Companies Act, 2013. The approval covers the merger of THPL Support Services Limited (amalgamating company) with Booker India Limited (amalgamated company) and their respective shareholders and creditors.

Financial Profile of Merged Entities

The financial details of both companies as of March 31, 2025, highlight the scale of the transaction:

Business Operations

THPL Support Services Limited was primarily engaged in warehousing and related services operations. Booker India Limited operates cash and carry stores under the Booker Wholesale banner, focusing on categories relevant to small businesses including:

• Staples and processed foods
• Confectionery and personal care products
• Home care and soft drinks
• Dairy products

The Booker Wholesale concept serves kirana stores, traders, wholesalers, small businesses, hotels, restaurants, and caterers.

Strategic Rationale

Regulatory Compliance

The transaction falls under the exemption provided in Regulation 23(5)(c) of the SEBI Listing Regulations, as it involves a step-down subsidiary and subsidiary of the company. The amalgamation does not impact Trent Limited's shareholding pattern, as the company is not directly party to the scheme.

The completion of this amalgamation represents Trent's ongoing efforts to streamline its corporate structure and enhance operational efficiency across its subsidiary network.