Trent profit rises 25% to ₹468 crore as Zudio hits 999

Zudio’s network grew 23.9% to 999 outlets, with 85% of new stores in peripheral and Tier-2 markets. Star grocery revenue rose 21.8% to ₹1,006 crore, own brands contributing 74%. Like-for-like fashion sales grew mid-single digits; expansion did the heavy lifting. Operating margins improved despite inflation.

On the shop floor a Zudio till in a Tier-2 mall now turns inventory weekly at sub-₹999 price points, pulling footfall that once went to unorganised apparel. Star’s 87 stores across 13 cities keep private-label share high, protecting grocery margins when national brands discount.

Zudio crossed 999 stores with most new doors in Tier-2 and peripheral markets.

The expansion squeezes regional value players and forces larger department stores to defend mid-market share. It helps Trent’s franchise and hinterland landlords who gain reliable anchors. Bahram Vakil takes the chair from 12 November with two new directors joining.

Watch the next store-opening run-rate into the wedding season and any update on Zudio’s UAE seven stores for overseas read-across.