Trent Limited has increased its store count, now operating in 184 cities, marking a significant expansion of its retail presence, as per the company’s recent quarterly report released on November 7.
Trent operates 800 large-box fashion stores
Notably, Trent now runs more than 800 large-box fashion stores. As of September 30, its portfolio consists of 226 Westside stores, 577 Zudio stores, and 28 stores covering other lifestyle trends.
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According to Economic Times, Tata Group‘s Trent Limited saw a 46% year-on-year rise in standalone profit for the September quarter, reaching INR 423.44 crore. The company’s Q2 revenue grew by 39.6% year-on-year (YoY) to INR 4,035.56 crore. Trent reported positive results despite a subdued consumer market, thanks to key initiatives in product offerings, store portfolio, and operating supply chain. These efforts led to encouraging outcomes, the company said in its earnings commentary.
Trent registers double-digit growth in Q2
Furthermore, during Q2, the company reported double-digit like-for-like (LFL) growth in its fashion concepts. Both Westside and Zudio gained traction despite business seasonality. “Our Westside loyalty program, WestStyleClub, registered strong growth. Across all our brands, we remain focused on delivering consistent value to customers in terms of both the fashion and price. In addition, our stores continue to provide an improved brand experience as we continue with our expansion program,” the commentary added.
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Additionally, the brand mentioned that new categories like beauty & personal care, innerwear, and footwear are becoming more popular with customers. These new categories now make up over 20% of the company’s revenues.
Looking into the business, Trent Limited runs various retail brands, including Westside, Zudio, and Star. Westside is a top fashion retail chain in India. Zudio offers trendy clothes at affordable prices. Star focuses on food, groceries, and daily essentials.