On Friday, Zudio, the affordable fashion brand owned by the Tata Group, opened its first flagship store in Noida.
Nestled beside the towering Hanuman statue and temple in Noida’s Sector 49, this store sprawls across 12,000 square feet, spanning two floors.
This marks the second Zudio store in Noida, yet it stands as its first high-street flagship store within the NCR city. Trent Ltd., the brand’s proprietor, presently manages a store in the Great India Place Mall located in Sector 38A.
Zudio, emerging as one of India’s most prominent success stories in value fashion, is undergoing rapid expansion to leverage the goodwill and buzz it has cultivated over the years.
The budget-friendly fashion label aims to launch approximately 200 stores throughout 2024-25. Should this come to fruition, Trent will see the total count of Zudio outlets reach between 650 and 700 by March 2025.
Continue Exploring: Zudio unveils its biggest store in North India, offering affordable fashion
Tata is setting its sights on transforming Zudio into a billion-dollar brand in the near future. P. Venkatesalu, CEO of Trent, outlined this ambition in an April blog post on the Tata Business Excellence Group’s website, stating their objective to achieve a compounded annual growth rate (CAGR) of over 25%. Additionally, they aim to maintain an Earnings Before Interest, Taxes, Depreciation, and Amortization (EBIDTA) margin of over 10%.
The seven-year-old Zudio has significantly contributed to Trent‘s business, driving its standalone revenue to more than double from under INR 3,500 crore before the pandemic to INR 8,000 crore in 2022-23. This surge has propelled the retail arm’s market capitalization to over $5 billion.
Trent, Tata’s retail venture, oversees operations of the Westside department store chain and Landmark bookstores. Moreover, the company has formed two joint ventures with Spain’s Inditex SA to manage the Zara and Massimo Dutti labels in India.
Zudio offers a diverse range of apparel for men, women, and kids, along with beauty products and loungewear, all attractively priced below INR 1,000.
Continue Exploring: Zudio expands its reach in Gujarat, opens first store in Palanpur