Trent Limited announced strong Q3 FY26 results with revenue growth of 16% and operating profit growth of 23%, as disclosed under Regulation 30 of SEBI listing requirements. The retail giant continues its aggressive expansion strategy while maintaining robust financial performance across its fashion and grocery retail formats.

Financial Performance Highlights

The company's standalone financial results for the quarter ended December 31, 2025, demonstrated strong operational performance with significant year-on-year improvements across key metrics.

Nine-Month Performance Analysis

The nine-month period ended December 31, 2025, reflected consistent growth trajectory with strong operational metrics across all key parameters.

Aggressive Store Expansion Strategy

Trent now operates over 1,100 large-box fashion stores with presence across 274 cities. During Q3 FY26, the company opened 17 Westside and 48 Zudio stores, including one store in the UAE, marking its international expansion.

Consolidated Results and Business Segments

The consolidated results showed revenue from operations of ₹5,345 crore in Q3 FY26, representing 15% growth over the previous year. Operating EBITDA reached ₹837 crore with 20% growth.

Chairman's Strategic Outlook

Mr. Noel N Tata, Chairman of Trent Limited, highlighted the company's category-leading growth on a higher base and improving customer sentiment. He emphasized the focus on portfolio growth, product elevation, and enhanced store experience. The Star business now has own brands contributing over 74% of revenues, with 79 stores after adding 6 and closing 5 stores during the nine-month period.

Regulatory Compliance and Future Readiness

The company recorded exceptional charges related to new labour code implementation, reflecting proactive regulatory compliance. Trent continues to calibrate its store portfolio to be future-ready while maintaining its differentiated consumer proposition across diverse markets.

Source: Company Press Release

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.