Retail
Trent profit rises 21% to ₹519 crore as stores hit 1,300
Zudio and Westside additions drive Q1 growth; value fashion keeps adding cities while like-for-like stays under watch for merchants.
Meera Iyer, Retail correspondent··4 min read
As of June end the portfolio stood at 301 Westside, 982 Zudio (seven in the UAE) and 29 other lifestyle stores, covering more than 18 million sq ft. More than 80 percent of new Zudio stores went into tier-II, tier-III and peripheral markets.
For the shop floor this means more value-fashion inventory turns in smaller cities where rent and competition differ from metros. A Zudio till in a new Gurugram corporate park or Hyderabad mall now captures office and residential traffic that once went only to local multi-brand.
Trent added 23 stores in the quarter to cross 1,300 outlets.
The pace helps Trent stay ahead of Reliance and Aditya Birla value formats yet pressures pure-play apparel landlords and smaller regional chains on both rent and footfall. Online contribution at Westside remains a modest but rising share.
Watch the festive quarter store-addition run-rate and any update on the longer-term 5,000-Zudio ambition; next filing or AGM commentary will show if like-for-like recovers as new stores mature.