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Economic Times
30-04-2025
- Business
- Economic Times
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 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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Business Standard
30-04-2025
- Business
- Business Standard
Trent shares drop 4% after Q4 earnings; results breakdown, analysis here
Shares of Tata Group-owned Trent Ltd. tumbled nearly 4 per cent on Wednesday after it reported a 54.8 per cent profit drop in the fourth quarter (January-March) of the financial year 2024-25 (Q4FY25) compared to the same period of FY24. The fashion and lifestyle retailer's stock fell as much as 3.64 per cent during the day to ₹5,195 per share, the biggest intraday loss since April 25 this year. The stock pared losses to trade 3.3 per cent lower at ₹5,212.5 apiece, compared to a 0.01 per cent advance in Nifty50 as of 9:32 AM. The company's counter snapped its two-day gaining streak on Wednesday and has risen over 15 per cent from its recent low of ₹4,488, which it hit early this month. The stock has fallen 27 per cent this year, compared to a 2.9 per cent advance in the benchmark Nifty50. The lender has a total market capitalisation of ₹1.84 trillion, according to BSE data. Trent Q4FY25 Results breakdown Trent's consolidated net profit declined 54.8 per cent in the fourth quarter (January–March) of the financial year 2024–25 compared to the same period last year, despite including ₹576 crore in gains from reassessment of lease term estimates. Its revenue from operations rose 27.9 per cent to ₹4,216.9 crore in Q4 compared to the same period last year, and its like-for-like growth was in mid-single digits in the quarter on a standalone basis. In FY25, like-for-like growth was in double digits on a standalone basis. Its profit before interest, tax and depreciation stood at ₹725.3 crore, down 37.7 per cent, in Q4. The company said that it operates over 1,000 large-box fashion stores. Trent management commentary In FY25, Trent built on the agenda of strongly growing their reach and becoming more accessible to customers, Noel N Tata, chairman at Trent, said in the release. "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-à-vis any individual quarter.' Tata added, 'Our fashion portfolio continues to be differentiated by disciplines and choices. In FY25, Zudio revenues exceeded a billion dollars. Both Westside and Zudio now have the scale and reach, and enjoy significant consumer awareness and love. The Indian consumer has evolved rapidly in recent years, and is seeking an aspirational product proposition, attractive pricing and, importantly, ready accessibility.' Brokerage reviews: Nuvama on Trent According to Nuvama, Trent's Ebit margin expanded by 100 basis points in the fourth quarter of FY25, despite mid-single-digit like-for-like (LFL) growth, which was weaker than the high-single-digit growth seen in the previous quarter and insufficient to drive operating leverage. The slowdown in LFL growth is likely due to multiple factors, including softening demand, cannibalisation from new stores in overlapping areas, increased competition, and base effects, it said. The brokerage also flagged the declining LFL growth in the Star portfolio as a concern that must be addressed for the format to scale meaningfully. Centrum Broking on Trent Centrum Broking noted that LFL growth in Trent's fashion portfolio was in the mid-single digits, compared to double-digit growth in the previous year, despite aggressive store expansion. The brokerage remains optimistic on Trent's multi-pronged growth strategy, especially for Zudio, driven by strong product offerings and an efficient supply chain. However, it flagged that lower LFL growth could weigh on sentiment and potentially slow future store additions. Centrum has retained its 'Add' rating with a target price of ₹6,245.
Time of India
29-04-2025
- Business
- Time of India
One billion dollars Zudio revenue in FY25
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. #Pahalgam Terrorist Attack The groundwork before India mounts a strike at Pakistan India considers closing airspace to Pakistani carriers amid rising tensions Cold Start: India's answer to Pakistan's nuclear threats 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. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Nagelpilz-Innovation: Dieses Lasergerät ist ein Wunder Heilratgeber Weiterlesen Undo "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. Live Events "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.
Time of India
29-04-2025
- Business
- Time of India
Trent's Star business sees 17% revenue growth in Q4; own brands cross 70% contribution
New Delhi: Trent Limited, on Tuesday, has reported that its grocery business Star witnessed a 17 per cent growth in operating revenue during the fourth quarter ended March 31st, 2025, along with the addition of 12 new stores, taking the total Star store count to 78, according to a regulatory filing. The company stated that the improved performance in Star was "driven by our own brands, staples, fresh & our general merchandise offerings." As of FY25, own brands contributed over 70 per cent of Star's revenue. Commenting on the food retail vertical , Noel N Tata , chairman of Trent, said, "The opportunity in the food space for the Star proposition is exciting while being competitive. We remain convinced that this business is well poised to deliver much consumer value and growth in the years ahead." Trent clarified that while consolidated revenue does not include Star's top line due to accounting standards, the reported results include its proportionate share of profitability, accounted using the equity method. Alongside developments in the grocery vertical, the company highlighted the performance of its online fashion platform. In FY25, and its presence on Tata Neu saw a 43 per cent growth in online revenue, now contributing to over 6 per cent of total Westside revenues . As part of its supply chain and operational upgrades, Trent has also transitioned to RFID-based tracking of merchandise across its fashion portfolio. "This has been a material enabler to handling the significant volumes across the supply chain and the unlocking of multiple use cases in our distribution centers and stores," according to the company. Volume growth in FY25 over the previous year was reported to be over 40 per cent. The company concluded the year with a footprint of over 13 million sq. ft. across its fashion brands.
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Business Standard
29-04-2025
- Business
- Business Standard
Trent Q4FY25 results: Net profit falls 54.8%, revenue rises 27.9%
Fashion and lifestyle retailer Trent saw its consolidated net profit fall 54.8 per cent in the fourth quarter (January-March) of financial year 2024-25 (Q4FY25) compared to the same period of FY24 even as it included ₹576 crore as gains on reassessment of estimates related to lease terms under IND AS 116. IND AS 116 is the Indian Accounting Standard for Leases, replacing AS 19. Its revenue from operations rose 27.9 per cent to ₹4,216.9 crore in Q4 compared to the same period last year and its like-for-like growth was in mid-single digit in the quarter on a standalone basis. In FY25, like-for like growth was in double digit on a standalone basis. Trent said its consolidated revenues do not include revenues of the Trent Hypermarket business. However, the reported results include the proportionate share of profitability of this venture and is accounted based on the equity method. Its net profit on a consolidated basis stood at ₹318.2 crore in the quarter. Its profit before interest, tax and depreciation stood at ₹725.3 crore, down 37.7 per cent, in Q4. The company said that it operates over 1,000 large-box fashion stores. Trent has a footprint of over 13 million sq ft (msf) across its fashion brands. In its release, it called out emerging categories, including beauty & personal care, innerwear and footwear, that continued to gain traction with customers. These emerging categories contribute to over 20 per cent of its revenues. 'We continue to build on our presence in metro/Tier-I cities. The agenda has been to drive material reach and share of revenues across key markets. Further, we are evolving the quality of our store portfolio, and we are consciously increasing the density of our presence in such markets,' the company said in its earnings release. It also said that given the business model choices and the intent to drive share of revenue in key markets, the company believes it would be appropriate to pursue revenue growth across comparative micro markets vis-à-vis just the performance of comparative stores. It said that the comparative micro market growth in FY25 was strong. In FY24, its online revenues grew by 43 per cent and contributed to over 6 per cent of Westside revenues. Noel N Tata, chairman at Trent, said in the release: 'In FY25, we built on the agenda of strongly growing our reach and becoming more accessible to our customers. 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-à-vis any individual quarter.' Tata added, 'Our fashion portfolio continues to be differentiated by disciplines and choices. In FY25, Zudio revenues exceeded a billion dollars. Both Westside and Zudio now have the scale and reach, and enjoy significant consumer awareness and love. The Indian consumer has evolved rapidly in the recent years, and is seeking an aspirational product proposition, attractive pricing and, importantly, ready accessibility.' He said that the company believes in building density of its presence in key markets, allowing Trent proximity and the ability to service its customers. The market opportunity associated with building brands and a pure play direct-to-customer business remains immense, he added. 'In our Star business, we are applying Trent's playbook and the contribution of our own brands is now trending over 70 per cent of revenues. The opportunity in the food space for the Star proposition is exciting while being competitive. We remain convinced that this business is well poised to deliver much consumer value and growth in the years ahead,' Tata said.
