Trent Ltd

The Nifty 24 February 2026 futures closed at 25,720, a premium of 77.2 points compared with the Nifty's closing at 25,642.80 in the cash market. In the cash market, The Nifty 50 index declined 133.20 points or 0.52% to 25,642.80. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 0.69% to 12.17. Trent, Hindustan Aeronautics (HAL) and PB Fintech (Policy Bazaar) were the top-traded individual stock futures contracts in the F&O segment of the NSE. The February 2026 F&O contracts will expire on 24 February 2026.Powered by Capital Market - Live

Profit before exceptional items and tax stood at Rs 829.80 crore, up 34.19% compared with Rs 618.36 crore in Q3 FY25. Exceptional items during the quarter amounted to Rs 25.79 crore and were related to labour code charges. Adjusted PAT jumped 41% YoY to Rs 660 crore during the quarter. Operating EBITDA climbed 23% YoY to Rs 822 crore. In Q3FY26, the company opened 17 Westside and 48 Zudio stores (including 1 store in the UAE). As of 31st December 2025, the company operated with a footprint of over 15 million sqft. across its fashion brands. The company said that it believes that, given its approach to merchandise sourcing, price architecture, distribution, and disciplined inventory provisioning, the full-year results are more representative of the underlying health of the business. The gross margin profile of Westside and Zudio remained stable. Operating EBIT margin for Q3 FY26 stood at 13.8%, compared with 13.2% in Q3 FY25. On consolidated basis, net profit jumped 2.73% to Rs 510.11 crore on 14.79% increase in revenue from operations to Rs 5345.06 crore in Q3 FY26 over Q3 FY25. The company clarified that its consolidated revenue excludes sales from the Trent Hypermarket business due to accounting standards, though its share of profit from the venture is included under the equity method. The Star business consists of 79 stores including the addition of 6 stores and closure of 5 stores during the nine months ended December 31, 2025. The company said it is pursuing multiple initiatives, including technology-led interventions, to enhance differentiation and improve customer convenience. Noel N Tata, chairman, Trent said, 'On a higher base, our fashion business registered category leading growth during the quarter. The customer sentiment is gradually improving and our business outlook for the medium term continues to remain positive. Our focus continues to be on portfolio growth, elevating products and enhancing store experience for our customers. We have consistently delivered a differentiated consumer proposition that appeals to a wider audience across diverse markets. We believe an unwavering focus on being relevant to our customers and building resilience with our business model choices will continue to hold us in good stead. We are excited and remain committed to building out a sizable pure play direct-to-customer business across customer segments in the context of the market size and opportunity. In our Star business, we continue to apply Trent's playbook and the contribution of our own brands is now trending over 74% of revenues. We recognize that the expansion program for Star stores has been slower vis-'-vis our expectations and we are looking to accelerate this agenda in the coming periods. The opportunity in the food space for the Star proposition is exciting at the same time it is intensely competitive and we are calibrating our store portfolio to be more future-ready. We remain convinced that this business is well poised to deliver growing consumer value in the years ahead.' As of 31st December 2025, the company's store portfolio included 278 Westside, 854 Zudio (including 4 stores in the UAE) and 32 stores across other lifestyle concepts. Trent is part of the Tata Group and operates a portfolio of retail concepts. The primary customer propositions of Trent include Westside, one of India's leading chains of fashion retail stores, Zudio, a one stop destination for great fashion at great value and Star, which operates in the competitive food, grocery and daily needs segment.Powered by Capital Market - Live

Securities in F&O Ban: Shares of Sammaan Capital are banned from F&O trading on Thursday, 5 February 2026. Earnings to Watch: Tata Motors Passenger Vehicles, Bharti Airtel, Bharti Hexacom, Hero MotoCorp, Hindustan Copper, Aditya Birla Fashion and Retail, Allcargo Logistics, Alembic Pharmaceuticals, PVR Inox, Berger Paints India, Godrej Properties, FSN E-Commerce, Page Industries, Power Finance Corporation, Borosil, Caplin Point Laboratories, Cemindia Projects, Dalmia Bharat Sugar and Industries, Data Patterns (India), Dhanuka Agritech, Dredging Corporation of India, Eveready Industries India, FDC, Gokul Agro Resources, Goodyear India, Harsha Engineers International, HealthCare Global Enterprises, Rail Vikas Nigam will declare their results later today. Stocks to Watch: Trent reported a 36.3% jump in standalone net profit to Rs 639.71 crore on 15.98% increase in revenue from operations to Rs 5259.46 crore in Q3 FY26 over Q3 FY25. Tata Power Company reported 25.1% decline in consolidated net profit to Rs 771.98 crore on 9.37% fall in revenue from operations to Rs 13,948.41 crore in Q3 FY26 over Q3 FY25. JSW Cement reported consolidated net profit of Rs 149.02 crore in Q3 FY26 compared with net loss of Rs 68.79 crore in Q3 FY25. Revenue from operations jumped 13.16% YoY to Rs 1621.22 crore in Q3 FY26. Cummins India reported a 12.96% decline in consolidated net profit to Rs 486.06 crore on a 1.5% fall in revenue from operations to Rs 3006.24 crore in Q3 FY26 over Q3 FY25. Metorpolis Healthcare's consolidated net profit jumped 31.97% to Rs 4138.56 crore on 25.76% increase in revenue from operations to Rs 40,590.97 crore in Q3 December 2025 over Q3 December 2024. Apollo Tyres reported 39.52% jump in consolidated net profit to Rs 470.51 crore on 11.77% rise in revenue from operations to Rs 7743.07 crore in Q3 FY26 over Q3 FY25. Marico has entered into definitive agreements to acquire a 60% stake in Cosmix Wellness, the company which owns the brand, Cosmix ' one of India's leading digital-first functional wellness brands, at an valuation of Rs 375 crore.Powered by Capital Market - Live

Net profit of Trent rose 3.12% to Rs 512.77 crore in the quarter ended December 2025 as against Rs 497.25 crore during the previous quarter ended December 2024. Sales rose 14.79% to Rs 5345.06 crore in the quarter ended December 2025 as against Rs 4656.56 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales5345.064656.56 15 OPM %20.2318.20 - PBDT1068.79890.72 20 PBT702.05645.79 9 NP512.77497.25 3 Powered by Capital Market - Live

Profit before exceptional items and tax stood at Rs 829.80 crore, up 34.19% compared with Rs 618.36 crore in Q3 FY25. Exceptional items during the quarter amounted to Rs 25.79 crore and were related to labour code charges. Adjusted PAT jumped 41% YoY to Rs 660 crore during the quarter. Operating EBITDA climbed 23% YoY to Rs 822 crore. In Q3FY26, the company opened 17 Westside and 48 Zudio stores (including 1 store in the UAE). As of 31st December 2025, the company operated with a footprint of over 15 million sqft. across its fashion brands. The company said that it believes that, given its approach to merchandise sourcing, price architecture, distribution, and disciplined inventory provisioning, the full-year results are more representative of the underlying health of the business. The gross margin profile of Westside and Zudio remained stable. Operating EBIT margin for Q3 FY26 stood at 13.8%, compared with 13.2% in Q3 FY25. On consolidated basis, net profit jumped 2.73% to Rs 510.11 crore on 14.79% increase in revenue from operations to Rs 5345.06 crore in Q3 FY26 over Q3 FY25. The company clarified that its consolidated revenue excludes sales from the Trent Hypermarket business due to accounting standards, though its share of profit from the venture is included under the equity method. The Star business consists of 79 stores including the addition of 6 stores and closure of 5 stores during the nine months ended December 31, 2025. The company said it is pursuing multiple initiatives, including technology-led interventions, to enhance differentiation and improve customer convenience. Noel N Tata, chairman, Trent said, 'On a higher base, our fashion business registered category leading growth during the quarter. The customer sentiment is gradually improving and our business outlook for the medium term continues to remain positive. Our focus continues to be on portfolio growth, elevating products and enhancing store experience for our customers. We have consistently delivered a differentiated consumer proposition that appeals to a wider audience across diverse markets. We believe an unwavering focus on being relevant to our customers and building resilience with our business model choices will continue to hold us in good stead. We are excited and remain committed to building out a sizable pure play direct-to-customer business across customer segments in the context of the market size and opportunity. In our Star business, we continue to apply Trent's playbook and the contribution of our own brands is now trending over 74% of revenues. We recognize that the expansion program for Star stores has been slower vis-'-vis our expectations and we are looking to accelerate this agenda in the coming periods. The opportunity in the food space for the Star proposition is exciting at the same time it is intensely competitive and we are calibrating our store portfolio to be more future-ready. We remain convinced that this business is well poised to deliver growing consumer value in the years ahead.' As of 31st December 2025, the company's store portfolio included 278 Westside, 854 Zudio (including 4 stores in the UAE) and 32 stores across other lifestyle concepts. Trent is part of the Tata Group and operates a portfolio of retail concepts. The primary customer propositions of Trent include Westside, one of India's leading chains of fashion retail stores, Zudio, a one stop destination for great fashion at great value and Star, which operates in the competitive food, grocery and daily needs segment. The counter rallied 4.98% to end at Rs 4013.20 on the BSE.Powered by Capital Market - Live

Trent will hold a meeting of the Board of Directors of the Company on 4 February 2026.Powered by Capital Market - Live

Kaynes Technology India Ltd, CSB Bank Ltd, Supreme Petrochem Ltd and V-Mart Retail Ltd are among the other losers in the BSE's 'A' group today, 06 January 2026.Trent Ltd lost 9.20% to Rs 4022 at 14:45 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 1.96 lakh shares were traded on the counter so far as against the average daily volumes of 56516 shares in the past one month.Kaynes Technology India Ltd tumbled 5.69% to Rs 3771.1. The stock was the second biggest loser in 'A' group.On the BSE, 1.9 lakh shares were traded on the counter so far as against the average daily volumes of 3.75 lakh shares in the past one month.CSB Bank Ltd crashed 5.60% to Rs 529.05. The stock was the third biggest loser in 'A' group.On the BSE, 2.98 lakh shares were traded on the counter so far as against the average daily volumes of 71599 shares in the past one month.Supreme Petrochem Ltd corrected 5.39% to Rs 610.7. The stock was the fourth biggest loser in 'A' group.On the BSE, 6390 shares were traded on the counter so far as against the average daily volumes of 3201 shares in the past one month.V-Mart Retail Ltd fell 4.81% to Rs 699.95. The stock was the fifth biggest loser in 'A' group.On the BSE, 43903 shares were traded on the counter so far as against the average daily volumes of 11924 shares in the past one month.Powered by Capital Market - Live

Standalone revenue from the sale of products, excluding GST, rose 17% YoY to Rs 5,220 crore in Q3 FY26. This compares with Rs 4,466 crore in the year-ago quarter. For the nine months ended December 2025, revenue increased 18% YoY to Rs 14,604 crore from Rs 12,368 crore. However, investors focused on the growth trajectory. Revenue growth was flat sequentially and matched the 17% YoY growth reported in Q2 FY26. This was slower than the growth seen in Q3 FY25, Q4 FY25 and Q1 FY26, raising concerns over moderation. Store expansion remained strong. As of 31 December 2025, Trent operated 278 Westside stores and 854 Zudio stores, including four in the UAE. It also ran 32 stores across other lifestyle concepts. During Q3 FY26, the company added a net 17 Westside stores and 48 Zudio stores. Net additions for the nine-month period stood at 30 Westside stores and 89 Zudio stores. Despite consistent execution and aggressive expansion, the lack of sequential acceleration appeared to trigger selling in the stock. Trent is part of the Tata Group and operates a portfolio of retail concepts. The primary customer propositions of Trent include Westside, one of India's leading chains of fashion retail stores, Zudio, a one stop destination for great fashion at great value and Star, which operates in the competitive food, grocery and daily needs segment. In Q2 FY26, Trent's consolidated revenue from operations rose 16% year-on-year to Rs 4818 crore and EBITDA increased 14% to Rs 575 crore, while profit after tax grew 11% to Rs 373 crore. Powered by Capital Market - Live

The Nifty October 2025 futures closed at 25,696.90, a premium of 122.55 points compared with the Nifty's closing at 25,574.35 in the cash market. In the cash market, The Nifty 50 index advanced 82.05 points or 0.32% to 25,574.35. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, was down 2.05% to 12.30. Trent, Infosys and National Aluminium Company (Nalco) were the top-traded individual stock futures contracts in the F&O segment of the NSE. The November 2025 F&O contracts will expire on 25 November 2025.Powered by Capital Market - Live

The key domestic indices ended with limited gains today, snapping a three-day losing streak. Investor sentiment was buoyed by optimism over a potential resolution to the US government shutdown, which has lasted for over 40 days. However, traders will keep close watch on Q2 earnings reports, other global developments and key economic data scheduled for release later this week. The Nifty ended above the 25,550 mark. IT, pharma and metal shares led the rally while media, realty and FMCG shares capped some of the gains. As per provisional closing data, the barometer index, the S&P BSE Sensex climbed 319.07 points or 0.38% to 83,535.35. The Nifty 50 index added 82.05 points or 0.32% to 25,574.35. In the past three trading sessions Sensex and Nifty declined 0.91% and 1.05%, respectively. In the broader market, the S&P BSE Mid-Cap index advanced 0.62% and the S&P BSE Small-Cap index shed 0.28%. The market breadth was negative. On the BSE, 1,965 shares rose and 2,373 shares fell. A total of 186 shares were unchanged. Economy: India's foreign exchange reserves fell by $5.6 billion to $689.73 billion in the week ended October 31, 2025, the Reserve Bank of India (RBI) said on Friday. For the week ended October 31, foreign currency assets, a major component of the reserves, decreased by $1.9 billion to $564.59 billion, the RBI data showed. Value of gold reserves declined by $3.8 billion to $101.72 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down by $19 million to $18.64 billion, the apex bank said. Meanwhile, India's reserve position with the IMF was up by $16.4 million at $4.77 billion in the reporting week, the data showed. New Listing: Shares of Lenskart Solutions ended at Rs 403.30 on the BSE, representing a premium of 0.32% as compared with the issue price of Rs 402. The stock was listed at Rs 390, reflecting a discount of 2.99% to the issue price. The stock has hit a high of 413 and a low of 355.70. On the BSE, over 93.41 lakh shares of the company were traded in the counter. IPO Update: Pine Labs received bids for 4,71,12,055 shares as against 9,78,93,739 shares on offer, according to stock exchange data at 15:21 IST on Monday (10 November 2025). The issue was subscribed 0.48 times. The issue opened for bidding on 7 November 2025 and it will close on 11 November 2025. The price band of the IPO is fixed between Rs 210 and 221 per share. Buzzing Index: The Nifty IT index advanced 1.66% to 35,701.20. The index staged a strong comeback on Monday as investors engaged in value-buying following a recent correction, recovering part of its 2.8% decline from the recent high of 36,090.10 hit on 29 October 2025. Infosys (up 2.26%), HCL Technologies (up 1.9%), Mphasis (up 1.51%), LTIMindtree (up 1.42%), Wipro (up 1.4%), Persistent Systems (up 1.4%), Oracle Financial Services Software (up 1.21%), Tata Consultancy Services (up 1.11%), Coforge (up 0.92%) and Tech Mahindra (up 0.74%) advanced. Investor sentiment was buoyed by optimism over a potential resolution to the US government shutdown, which has lasted for over 40 days. The US Senate recently advanced a measure to reopen the federal government by funding it until January 30, alongside approving three full-year appropriations bills. President Donald Trump signaled that the shutdown might be nearing its end, telling reporters, It looks like we're getting very close to the shutdown ending. Stocks in Spotlight: Trent slumped 7.43% after the company reported a steady performance for the September quarter. Its consolidated revenue from operations rose 16% year-on-year to Rs 4818 crore and EBITDA increased 14% to Rs 575 crore, while profit after tax grew 11% to Rs 373 crore. The company clarified that its consolidated revenue excludes sales from the Trent Hypermarket business due to accounting standards, though its share of profit from the venture is included under the equity method. FSN E-Commerce Ventures (Nykaa) rallied 5.83% after the company reported a 242.9% surge in consolidated net profit to Rs 34.43 crore on 25.1% increase in revenue from operations to Rs 2,345.98 crore in Q2 Sept 2025 over Q2 Sept 2024. Shipping Corporation of India tanked 5.07% after it has reported 35.09% decrease in consolidated net profit to Rs 189.16 crore in Q2 FY26 as against Rs 291.44 crore posted in Q2 FY25. Revenue from operations declined 7.71% year on year to Rs 1,338.87 crore in the quarter ended 30 September 2025. HPL Electric & Power surged 7.36% after the company said that the HPL Group and its promoters have signed a settlement agreement with Havells India. This settlement agreement resolves all pending disputes and litigations related to the use of word/ mark 'HAVELLS', including suits filed in various courts including the Delhi High Court and various special leave petitions (SLPs) filed in the Supreme Court. As part of the settlement, the HPL Group has acknowledged that Havells India & its promoters' absolute rights to the 'HAVELLS' mark since 1971. Transformers and Rectifiers (India) hit a lower limit of 20% after the company reported a soft set of numbers for Q2 FY26. On a consolidated basis, revenue from operations stood at Rs 460 crore, nearly unchanged from Rs 462 crore in Q2 FY25. Profit after tax (PAT) fell 19% YoY to Rs 37.5 crore, with PAT margin narrowing to 7.9%, down from 9.7% last year. HBL Engineering surged 10.84% after the company reported a more than fourfold jump in consolidated net profit to Rs 387.27 crore in Q2 FY26, compared with Rs 87.26 crore in the same quarter last year. Revenue from operations surged 134.7% YoY to Rs 1,222.90 crore in Q2 September 2025. National Aluminium Company (NALCO) surged 9.72% after the company reported a strong performance for the September quarter (Q2 FY26), driven by improved operational efficiency, higher alumina output, and cost optimization initiatives. On a standalone basis, the company's net profit surged 34.93% year-on-year to Rs 1,433.17 crore on a 7.27% rise in revenue from operations to Rs 4,292.34 crore in Q2 FY26 over Q2 FY25. Global Markets: European and Asian markets advanced on Monday amid renewed optimism that the prolonged U.S. government shutdown could soon end. On Sunday, the U.S. Senate moved closer to voting on a bill to reopen the federal government, following encouraging bipartisan discussions led by Senate Majority Leader John Thune. The record-long shutdown has weighed heavily on the U.S. economy, leaving federal employees across critical sectors'from aviation to defense'unpaid, while the Federal Reserve operates with limited economic data. White House economic adviser Kevin Hassett reportedly warned that if the impasse persists, fourth-quarter GDP could turn negative. Supporting this concern, U.S. consumer sentiment fell to a near three-and-a-half-year low in early November. In Asia, investors digested stronger-than-expected inflation data from China, where October's headline CPI rose 0.2% year-on-year, while producer prices declined 2.1%. Meanwhile, minutes from the Bank of Japan's October meeting signaled that conditions for a rate hike have almost been met, though policymakers remained cautious about underlying inflation trends. On Friday stateside in the U.S., the Nasdaq Composite continued to fall, but the Dow Jones Industrial Average and S&P 500 inched into positive territory after Senate Minority Leader Chuck Schumer offered up a new plan to Republicans that would enable the record-breaking U.S. government shutdown to end. The tech-heavy index shed 0.21% to finish at 23,004.54. In contrast, the S&P 500 and the Dow Jones Industrial Average inched into the green. The broad-based index gained 0.13% to close at 6,728.80, while the 30-stock index added 74.80 points, or 0.16%, to settle at 46,987.10. A survey from the University of Michigan revealed Friday that consumer sentiment in the country has neared its lowest level ever. The data comes just a day after firm Challenger, Gray & Christmas reported that layoff announcements in October reached their highest level for the month in 22 years.Powered by Capital Market - Live