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Trent Board Meeting Scheduled for April 22, 2026

The board of directors of Trent, the retail arm of the Tata Group, will convene on Wednesday, April 22, 2026, to review and approve the audited financial results for the March quarter (Q4 FY26) and the financial year ended March 31, 2026. In addition to considering the audited financial results, the board will also deliberate on the payment of an interim dividend for FY26.

As per the company's regulatory filing, the board will also consider the issuance of bonus shares, which would mark the company's first-ever bonus issue. Furthermore, Trent will seek approval to introduce an Employee Stock Option Plan (ESOP) for eligible employees across the company, its associates, and subsidiaries. The ESOP will involve the issuance of fresh equity shares under the scheme, subject to necessary approvals.

Trent is also seeking approval to raise additional funds through the issuance of equity shares via a rights issue or other permissible routes, subject to regulatory clearances. The board will further discuss the issuance and allotment of 740 equity shares pursuant to the rights issues undertaken by the company in 2005, 2007, and 2010.

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Business Update

In its March quarter business update, Trent reported a 20% year-on-year (YoY) growth in standalone revenue to ₹4,937 crore in Q4 FY26, up from ₹4,106 crore in the same period last year. This growth matched the pace seen in Q1 after moderating during Q2 and Q3. However, the overall standalone figure was lower than the ₹5,220 crore revenue reported in the preceding quarter. Revenue from the sale of merchandise, excluding other operating income, rose by 21%.

Revenue Growth Comparison

QuarterRevenue (₹ crore)YoY Growth (%)
Q4 FY264,93720%
Q3 FY265,220-6%
Q2 FY264,8190%
Q1 FY264,10620%
Q4 FY254,106-

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For the full financial year 2025–26, Trent's revenue grew 18% YoY to ₹19,701 crore. As of March 31, 2026, the company's overall portfolio stood at 1,286 stores, including 300 Westside outlets, 963 Zudio stores (including six in the UAE), and 23 stores across other lifestyle concepts. During the March quarter, it opened 22 Westside stores and 109 Zudio stores.

Stock Performance

Trent shares have rebounded 24.63% in April, recovering part of their recent losses. The stock witnessed heavy selling after hitting a fresh record high of ₹8,345 apiece in October 2024 and later entered a deep correction that continued until March 2026, dragging it down to ₹3,275, its lowest level in two years. The decline also ended the stock's decade-long winning streak in 2025, as it plunged 40%, marking its biggest annual drop. At current levels, the stock remains down 35% from its one-year high and about 51% from its peak, impacting the portfolios of long-term shareholders.

Investor Takeaway

Trent's board meeting on April 22, 2026, may lead to dividend and bonus share announcements.

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