Investor Presentation

6th August 2026 Listing Department Listing Department The National Stock Exchange of India Limited BSE Limited Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Bandra (East), Dalal Street, Mumbai 400051 Mumbai 400 001 Symbol: TRENT Scrip Code: 500251 Sub: Investors’ Presentation on Unaudited Financial Results (Standalone and Consolidated) for the quarter ended 30th June 2026 Dear Sir / Madam, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, we enclose herewith Investors’ Presentation on the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended 30th June 2026. Thanking you, Yours faithfully, For Trent Limited Krupa Anandpara Company Secretary Membership No.: A16536 Encl.: As above Investor Presentation | Performance Highlights Q1 FY27 DISCLAIMER Statements in this Presentation describing the Company’s performance may be “forward looking Statements” within the meaning of applicable securities laws and regulation. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company’s operations include, among others, economic conditions affecting demand / supply and price conditions in the domestic markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and / or other incidental factors Trent Limited – Investor Presentation Q1FY27 TRENT’S JOURNEY Conceived 2025 1998 2014 2023 1998 2016 2024 Trent Limited – Investor Presentation Q1FY27 TRENT AT A GLANCE ₹ 5,666 Cr Q1FY27 Revenue from operations 1,312 Store count City Presence Includes 3 cities in UAE 18.04 Mn Retail Area (sq. ft.) Note: Data as of 30th June 2026 Trent Limited – Investor Presentation Q1FY27 Q1FY27 HIGHLIGHTS 5,666 847 732 532 19% 36% 33% 26% ₹ Cr ₹ Cr ₹ Cr ₹ Cr Standalone Revenue from Op. EBITDA Op. EBIT PAT operations 5,755 848 724 518 18% 33% 29% 22% ₹ Cr ₹ Cr ₹ Cr ₹ Cr Consolidated Revenue from Op. EBITDA Op. EBIT PAT operations (incl. share from JVs & Assoc.) (incl. share from JVs & Assoc.) Trent Limited – Investor Presentation Q1FY27 Note: Numbers and % are rounded off TRENDS – LAST 5 COMPARATIVE PERIODS Rs. in crs. Revenue from operations Op. EBIT PAT Op. EBIT Margin PAT Margin 5,666 9.3% 7.8% 10.8% 11.5% 12.9% 6.2% 5.8% 8.6% 8.8% 9.4% 732 700 4,781 3,992 600 500 423 2,536 400 1,653 200 154 148 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 FY23 FY24 FY25 FY26 FY27 FY23 FY24 FY25 FY26 FY27 FY23 FY24 FY25 FY26 FY27 Note: Numbers and % are rounded off Trent Limited – Investor Presentation Q1FY27 Store count Westside Zudio (Count includes Zudio stores operated in Star and stores in UAE) 1 22 Q1 Q1 FY27 FY27 1 19 23 109 Q4 Q4 FY26 FY26 22 109 17 48 Q3 Q3 FY26 FY26 17 48 19 44 Q2 Q2 FY26 FY26 13 40 1 11 Q1 Q1 FY26 FY26 Trent Limited – Investor Presentation Q1FY27 7 Gross Added Net Added RESULTS CONTEXT ❖ Market context: ─ Uncertainties emanating from the geo-political events were elevated at the beginning of the quarter. The Indian consumer remained fairly insulated from the impact of oil price related inflation until mid-May. Notwithstanding various uncertainties, the Indian consumers’ sentiment remained relatively balanced. The sentiment continues to be broadly positive, with households balancing aspiration with financial discipline. The traction in discretionary categories remains calibrated, with consumers prioritising value, quality and convenience. ─ Structurally the outlook remains encouraging. However, the duration and intensity of disruptions in the Middle East along with its second order effect on supply chain, commodity prices and inflation in general has potential near term implications. ─ Our attempt has been to maintain relative stability of the value proposition for our customers. The measures to align the outcome mix of our revenues have yielded broadly encouraging results. In the recent months, we are witnessing escalation in the cost levels of select inputs. We continue to mitigate these pressures by adopting a range of interventions across the value chain as well as by calibrating the price architecture. Our sourcing actions and broader supplier engagements is also a part of the program to navigate the current circumstances. ❖ Growth agenda: ─ We now operate a significant portfolio of over 1300 “large-box” fashion stores, with presence across 330 cities (including 3 in the UAE). In Q1FY27 we opened 1 Westside and 22 Zudio stores (including 1 store in the UAE) and consolidated 3 Zudio stores and expanded our presence to 9 new cities. As of 30th June 2026, our store portfolio included 301 Westside, 982 Zudio (including 7 stores in the UAE) and 29 stores across other lifestyle concepts and we operated with a footprint of over 18 million sqft. across our fashion brands. ─ On an annual basis we expect the trajectory of new store openings to remain broadly consistent in line with the outlook shared by the Chairman in the shareholders meeting. Quarterly store openings are inherently asymmetric given the complexities around property development, fitout timelines & regulatory approvals. Trent Limited – Investor Presentation Q1FY27 RESULTS CONTEXT ❖ Growth agenda (contd.) : ─ Our store portfolio has evolved over time and remains significantly heterogenous in various respects. We continue to add stores within select existing catchments across Tier I and Tier II cities, even as we accelerate presence in multiple smaller markets in the current phase of network expansion. In the case of Zudio, in the current quarter, over 80% of new stores were opened in Tier II, III cities and in peripheral new growth micro-markets. The intent is to grow our presence in both existing as well as new micro-markets/ geographies and to position ourselves favourably as more regions register stronger economic growth. The agenda is to pursue growing reach and share of revenues as we selectively increase the density of our presence across key markets with an improving customer proposition. ─ The foregoing approach of greater presence in select clusters coupled with better customer proposition is delivering encouraging outcomes from a revenue density as well as profitability perspective. Further, we believe the newer markets that we are now entering, afford substantial growth opportunities, and yet, will mature over time in terms of adoption of fashion trends and density of consumption. Hence, the revenue profile and the growth trajectory of newer stores are not entirely comparable with that of the existing portfolio. Our experience indicates that newer markets tend to mature over a two-to-three year period. ─ Given the business model choices and the intent to drive the share of revenues in proximate markets, we are primarily seeking to pursue revenue growth across comparative micro-markets vis-à-vis just the performance of comparative stores. In managing our store network, we are consistently seeking to optimize the quality of brand presence in micro-markets and the economic attractiveness of the portfolio in terms of profitability, return on committed capital & operating cashflows. ─ Like-for-like growth for our fashion portfolio in Q1FY27 was in the low single digits. The emerging categories, including beauty & personal care, innerwear and footwear contributed over 21% of our revenues. Westside online together with our proposition on the Tata Neu platform continues to witness traction and grow profitably. In Q1FY27, online revenues contributed to over 6% of Westside revenues. ─ Our newer brands (Burnt Toast and Samoh), emerging categories and new geographies including Zudio in the Middle East market are at varying stages of evolution. We are generally encouraged by the positive traction, improving viability and the exciting growth possibilities afforded by these initiatives. We remain fo [Showing first 8,000 characters — download PDF for full document]