Trent says Q3 saw faster retail expansion with 82 new stores

Trent Limited has announced its financial results for the quarter ended December 31, 2024, (standalone and consolidated), wherein it posted a revenue growth of 36% compared to previous year.

The company said Q3 also saw faster pace of store additions. “We now operate with a significant portfolio of over 850 “large-box” fashion stores. Also, we continue to selectively refresh our store footprint across concepts, with presence now across 201 cities. During the quarter, we opened 14 Westside and 62 Zudio stores (including 1 in Dubai) across 46 cities and consolidated 2 Westside and 4 Zudio stores. As of 31st December, our store portfolio included 238 Westside, 635 Zudio and 34 stores across other lifestyle concepts,” it shared

“We are also pursuing store portfolio optimization agenda. This involves upgrading or consolidating smaller footprint stores with newer stores in more attractive micro markets. While store expansion is a key growth lever for us, maintaining the quality and physical aesthetics of stores and ensuring consistent customer experience is equally an important objective,” the company added.

The company further informed that it currently operates with a footprint of over 11 million sqft. across its fashion brands, an increase of 33% over the previous year and that the emerging categories include beauty & personal care, innerwear and footwear continued to gain traction with customers. These emerging categories contribute to over 20% of the company’s revenues.

Speaking on the performance, Noel N Tata, Chairman, Trent Limited said in a statement, "We remain on track to strongly expand our reach and at the same time improve the quality of our store portfolio. The strong store opening program this year together with other levers keeps our growth journey on track.”