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TRENT · Trent Limited · NSE · Filed 6 Aug · 1 min read

Trent's Q1 FY27 profit rises; auditor rotation and internal audit head change approved

Trent's board approved higher unaudited June-quarter results, named a new Head of Internal Audit, and proposed B S R & Co. LLP to replace Deloitte as statutory auditors from FY2027-28.

What the board approved

At its meeting on 6 August 2026, Trent's board took three actions. It approved unaudited standalone and consolidated financial results for the quarter ended 30 June 2026, both carrying unmodified limited-review conclusions from Deloitte Haskins & Sells LLP. It recorded a change in the internal audit function's senior managerial personnel. And it set in motion a scheduled rotation of the company's statutory auditor. Though the filing is labelled a management change, the results and the auditor rotation are its more substantive items.

Quarterly results

Revenue and profit for the June 2026 quarter were higher than the year-earlier quarter on both standalone and consolidated bases, per the filing. During the quarter the company issued one bonus share for every two held, and earnings per share for all reporting periods have been adjusted for the bonus. Trent also disclosed that its FY22 Redeemable Non-Convertible Debentures — 5,000 debentures of ₹10 lakh each — were redeemed on 29 May 2026. The company's sole reportable business is retailing and trading of merchandise.

Management and auditor changes

Mr. Ratul Neogi, Head – Internal Audit, will retire on superannuation, ceasing from close of business on 31 August 2026. Ms. Varsha Agarwal — currently heading the company's Internal Financial Controls function, with over 20 years in finance and more than 15 years at Trent — has been appointed to head Internal Audit from 1 September 2026. Separately, on the Audit Committee's recommendation, the board proposed appointing B S R & Co. LLP as statutory auditors for FY2027-28 to FY2031-32, replacing Deloitte Haskins & Sells LLP, which completes its second five-year term at the conclusion of the 75th AGM in 2027. The auditor appointment is subject to shareholder approval.

Consolidated revenue from operations — Q1 FY26
₹4,883.48 → ₹5,754.71 crQ1 FY26 → Q1 FY27+18%
Consolidated net profit — Q1 FY26
₹424.70 → ₹518.07 crQ1 FY26 → Q1 FY27+22%
Standalone revenue from operations — Q1 FY26
₹4,781.25 → ₹5,666.30 crQ1 FY26 → Q1 FY27+19%
Standalone net profit — Q1 FY26
₹422.59 → ₹531.77 crQ1 FY26 → Q1 FY27+26%
Consolidated basic EPS — Q1 FY26 (bonus-adjusted)
₹8.06 → ₹9.73Q1 FY26 → Q1 FY27+21%
Bonus share ratio
1 bonus share for every 2 held
NCD coupon (redeemed 29 May 2026)
5.78% p.a.

‡ Computed by us from the filing’s own figures — not a company-stated number.

For a holder, the filing bundles a quarter's results with a bonus issue that changes the per-share base and a scheduled statutory-auditor rotation requiring shareholder approval at the 2027 AGM; the internal audit head change is a routine superannuation-driven succession.

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