Trent shares rally; what’s driving surge in Tata group stock?

Trent Share Price Today: Shares of Trent Ltd surged as much as 7 per cent in Monday’s trading session after the Tata Group retailer reported a sharp improvement in revenue growth for the March quarter.

The stock rose 6.8 per cent to an intraday high of Rs 3,791.90 on the NSE, after opening with a gap-up of over 2 per cent. The momentum has been building over the past few sessions, with the stock gaining nearly 14 per cent in the last three trading days.

Q4 revenue growth picks up pace

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The rally comes after Trent Ltd reported a 20 per cent year-on-year (YoY) rise in standalone revenue from operations for Q4FY26 at Rs 4,937 crore, compared to Rs 4,106 crore in the same period last year.

This marks a recovery in growth after the company had reported its slowest expansion in four years earlier in FY26. For the full year, revenue grew 18 per cent YoY to Rs 19,701 crore, up from Rs 16,668 crore in FY25. Revenue from sale of merchandise, excluding other operating income, rose 21 per cent in the quarter and 19 per cent for the full year.

Consumption tailwinds and expansion drive growth

Improved consumer spending, partly aided by tax cuts announced in September, also supported demand during the period by boosting disposable incomes.

At the same time, the company has been aggressively expanding its retail footprint. Its store count increased to 1,286 as of March 31, up from around 1,043 a year ago.

Trent Ltd operates popular fashion brands such as Zudio and Westside, which continue to see strong traction, especially among younger consumers.

Smaller cities demand in focus

In the coming times, the company aims to expand its presence beyond the more obvious markets of metro cities. It is looking to expand further into smaller cities and towns as well, trying to capitalise on rising demand in non-urban centres.

Trent Q3FY26 result highlights

Trent Ltd reported a rise in its Q3 FY26 performance with revenue from operations increasing to Rs 5,345.06 crore. This is up Rs 688.50 crore or 14.78 per cent from Rs 4,656.56 crore in the year-ago period. Total income rose to Rs 5,363.85 crore, up Rs 653.65 crore or 13.87 per cent from Rs 4,710.20 crore. Total expenses increased to Rs 4,673.67 crore, up Rs 583.03 crore or 14.25 per cent.

Net profit stood at Rs 512.77 crore, up Rs 15.52 crore or 3.12 per cent compared to Rs 497.25 crore in the same quarter last year.

Trent now operates a significant portfolio of over 1,100 “large-box” fashion stores, spanning 274 cities. During Q3 FY26, the company added 17 Westside and 48 Zudio stores, including one Zudio store in the UAE.

As of 31 December 2025, Trent’s store network comprised 278 Westside stores, 854 Zudio stores (including four in the UAE), and 32 stores across other lifestyle concepts. The total retail footprint across all brands exceeds 15 million square feet.

Speaking on the performance, Trent Chairman Noel N Tata said, “On a higher base, our fashion business registered category-leading growth during the quarter. Customer sentiment is gradually improving, and our business outlook for the medium term remains positive. We continue to focus on portfolio growth, elevating products, and enhancing store experience for our customers. Our differentiated consumer proposition appeals to a wider audience across diverse markets.”

He added that the Star business continues to benefit from Trent’s playbook, with contributions from own-branded products now accounting for over 74 per cent of revenues. The company aims to accelerate the expansion of Star stores in the coming periods while maintaining a future-ready store portfolio.