One billion dollars Zudio revenue in FY25
Noel N Tata, chairman, Trent
Mumbai: Tata-owned Trent said its mass-priced fashion brand Zudio crossed $1 billion in revenue in FY25, after more than doubling its store count in the past two years.Trent's revenue increased 27% to ₹4,291 crore with a 52% decrease in net profit at ₹212 crore during the March quarter. The EBIT margin for the quarter was 9.3%, 100 basis points (one percentage point) higher compared to a year ago.
During the quarter, Trent opened 13 new Westside stores to take the tally to 248 stores and added 132 Zudio stores to have a count of 765 doors of the mass-priced brand.
"Given the seasonality of the business, nature of the real estate market and our approach to inventory management, the full year performance is more representative with respect to revenues, operating profitability and network expansion vis-a-vis any individual quarter," said Noel N Tata, chairman, Trent. Trent said in the fashion portfolio, the like-for-like growth during the quarter was in the mid-single digits and in double digits in the entire 2024-25. For 2022-23, the retailer had reported a 37% year-on-year increase in revenue to ₹17,353 crore while net profit rose 4% to ₹1,534 crore. Its food and grocery retail format under Star brand saw a 17% growth in revenue to ₹857 crore with 2% same store sales growth.
"We believe building density of our presence in key markets allows us proximity and the ability to service our customers readily. The market opportunity associated with building brands and a pure play direct-to-customer business like ours remains immense," said Tata, adding it is applying Trent's playbook in Star business and the contribution of its own brands is now trending over 72% of revenue compared to 69% a year ago.
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