Highlights

• Trent shares fell 7.50% to ₹4,097.50, with trading volume of 37.25 lakh shares.
• Q3FY26 standalone revenue rose 17% year-on-year to ₹5,220 crore, while 9MFY26 revenue increased 18% to ₹14,604 crore.
• Over one year, the stock declined 41.53%, while over three years it gained 227.85%, compared with 46.47% for the NIFTY 50.

Shares of Trent Ltd (NSE:TRENT) declined sharply in today’s trading session, even as the company reported higher revenues and continued store expansion for Q3FY26 and the nine months ended December 31, 2025.

Share Price Movement and Market Activity

Trent shares were trading at ₹4,097.50, down ₹332.30, marking a 7.50% decline for the day. Trading activity remained active, with volumes reaching 37.25 lakh shares during the session.

Over the past one month, the stock’s absolute return has declined 2.18%, indicating near-term pressure. On a one-year basis, Trent’s share price has fallen 41.53%, while the NIFTY 50 posted absolute gains of 10.77% during the same period. In contrast, the longer-term trend remains positive, with Trent shares gaining 227.85% over three years, compared with 46.47% absolute returns for the NIFTY 50.

Q3FY26 Revenue Update

In its Q3FY26 business update, Trent reported standalone revenue from the sale of products, excluding GST, of ₹5,220 crore, compared with ₹4,466 crore in Q3FY25. This represents a year-on-year increase of 17%. The company noted that revenues are reported net of GST due to changes in tax treatment.

For the nine-month period ended FY26, standalone revenue stood at ₹14,604 crore, up from ₹12,368 crore in the corresponding period last year. This translates into a year-on-year growth of 18% for the nine-month period.

Store Network Expansion

As of December 31, 2025, Trent’s retail footprint continued to expand across formats. The company operated 278 Westside stores, 854 Zudio stores, including four locations in the UAE, and 32 stores across other lifestyle concepts.

During Q3FY26, Trent added a net 17 Westside stores and 48 Zudio stores. For the nine-month period FY26, the company reported net additions of 30 Westside stores and 89 Zudio stores, indicating continued rollout across key formats.

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