600% dividend, 1:2 bonus: Trent Ltd delivers double bonanza as Q4 profit surges 30%

Trent Q4FY26 Result: Trent Ltd on Wednesday announced a 1:2 bonus share issue and a final dividend of Rs 6 per share for FY26, alongside reporting a 30 per cent year-on-year rise in standalone net profit for the March quarter.

The Tata Group retail arm said shareholders will receive one bonus equity share of Re 1 each for every two shares held, subject to approval. The record date for the bonus issue and dividend will be announced later.

The company has declared a final dividend of Rs 6 per equity share (face value Re 1), translating into a 600 per cent payout. The dividend will be paid after approval at the 74th annual general meeting (AGM), from the third day following its conclusion. The payout will be adjusted if the bonus issue is implemented before the dividend distribution.

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Q4 earnings

For the quarter ended March 31, 2026, standalone net profit rose to Rs 455 crore from Rs 350 crore a year ago, aided by improved demand and store additions.

Revenue from operations increased to Rs 4,936.6 crore, compared with Rs 4,106.1 crore in the year-ago period. Operating EBITDA rose 43 per cent year-on-year to Rs 668 crore.

On a consolidated basis, revenue grew 19 per cent to Rs 5,028 crore, while net profit rose 33 per cent to Rs 413.1 crore. Sequentially, however, net profit declined 19 per cent from Rs 510.1 crore.

Expansion momentum

The company added 23 Westside stores and 109 Zudio outlets during the quarter, including two in the UAE, taking its presence to 47 cities.

As of March 31, 2026, Trent operated 300 Westside stores and 963 Zudio stores, along with 23 outlets across other formats, with a total retail footprint of over 17.7 million sq ft.

Capital raising plan

Separately, the board approved raising up to Rs 2,500 crore through a rights issue or other permissible routes, including a qualified institutional placement, to fund expansion.

Management commentary

Chairman Noel N Tata said the company delivered an encouraging performance in FY26 despite macroeconomic and geopolitical challenges, adding that consumer sentiment is expected to improve as global conditions stabilise.

In its Star Bazaar business, the company added 12 stores and closed six during the year. Management indicated that expansion in the segment is expected to pick up pace going forward.