Trent Ltd., the part of the Tata Group which owns and operates the fashion lifestyle and retail formats such as Zudio and Westside, has seen a 34 per cent sales growth in the December 2024 quarter compared to the same quarter last year, with sales reaching Rs. 4,657 crore (US $ 561 million) as compared to Rs. 3,467 crore (US $ 419 million) in December 2023. The quarter’s revenue increased 36 per cent year over year to Rs. 4,803 crore (US $ 580 million) from Rs. 3,521 crore (US $ 427 million).
Net profit reached Rs. 497 crore (US $ 60 million), an increase of 34 per cent compared to the same period last year. According to Trent, Westside and Zudio’s gross margin profiles stayed the same, with the overall operating EBIT margin for Q3 FY ’25 coming in at 13.1 per cent as opposed to 13.3 per cent in the same quarter last year.
As anticipated, the Tata Group company saw a quicker rate of shop openings in Q3. Today, it runs more than 850 “large-box” fashion boutiques.
Trent stated that it is currently present in 201 locations and has been judiciously updating its retail footprint across themes. It merged two Westside and four Zudio locations during the quarter and opened 14 Westside and 62 Zudio stores (including one in Dubai) in 46 cities. As of December 31st, its portfolio of stores consisted of 34 outlets spanning various lifestyle ideas, 635 Zudio, and 238 Westside.
