Trent (TRENT) Q1 26/27 earnings summary

Executive summary

• Achieved Q1 FY27 consolidated revenue from operations of ₹5,754.71 crore, up 18% year-over-year, with standalone revenue at ₹5,666.3 crore, up 19%.

• Operating EBITDA reached ₹848 crore (including JVs & associates), with a margin of 33%. PAT stood at ₹518.07 crore, up 22% year-over-year.

• Store network expanded to 1,312 stores across 330 cities, including 3 in the UAE, with over 18 million sq. ft. of retail area.

• Opened 1 Westside and 22 Zudio stores in Q1 FY27, with Zudio's expansion focused on Tier II and III cities.

• Board approved unaudited standalone and consolidated financial results, bonus share issue, changes in senior management, and rotation of statutory auditors.

Financial highlights

• Standalone operating EBIT was ₹732 crore, with a margin of 13%.

• PAT margin for Q1 FY27 was 9.4%, showing consistent improvement over the last five comparative periods.

• Like-for-like growth for the fashion portfolio was in the low single digits.

• Online revenues contributed over 6% of Westside revenues.

• Earnings per share (EPS) for Q1 FY27 (standalone) was ₹9.97, up from ₹7.92 in Q1 FY26; consolidated EPS was ₹9.73, up from ₹8.06.

Outlook and guidance

• Annual trajectory of new store openings expected to remain consistent with prior guidance.

• Structural outlook remains positive, but near-term risks from Middle East disruptions and input cost escalations are noted.

• Focus remains on expanding reach, optimizing profitability, leveraging technology, and maintaining compliance and governance.