Indian fast-fashion retailer Trent said on Monday its standalone revenue rose 20% in the fourth quarter, picking up from the slowest growth in four years recorded earlier in fiscal 2026, sending its shares more than 5% higher in morning trade.
India’s late-September tax cuts have boosted consumer spending, putting more disposable income in the hands of consumers.
Trent has been on a store-opening spree over the last few quarters, with its store count climbing to 1,286 by March 31, compared with about 1,043 a year earlier.
The Tata group firm, which runs youth-focused fashion chains Zudio and Westside, also plans to open more stores in smaller cities and towns in the world’s most-populous country, betting on demand growth outside the key metro markets.
That helped Trent’s standalone revenue excluding tax rise to 49.37 billion rupees ($532.80 million) in the reported quarter from 41.06 billion rupees the year before.
Shares of the company rose 5.2% to 3,734 rupees, their highest since March 6. The broader NSE Index was down 0.44%.
