Trent speeds up Zudio expansion, adds over 200 stores last fiscal

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₹3 crore to ₹4 crore including cap-ex, deposits and inventory," the annual report said. In FY24, Zudio entered 46 cities and added more presence in 48 cities. Also read: Fashion forward: Trent captivates with zesty Zudio expansion Zudio grew its footprint by 203 stores in the last financial year and is now more accessible than ever before with a growing density of presence in multiple micro markets, the retailer said.

For the full year, the company that operates a portfolio of retail formats in India such as Westside, Zara and Star supermarket in India reported consolidated revenues of ₹12,375.11 crore. It recorded a profit of ₹1,477.46 crore for the 12 months ended 31 March 2024. The company operates 811 stores across 178 cities.

Zudio operates in the value segment and focusses on younger shoppers. As of March 2024, Zudio had 545 stores across 164 cities, including stores co-located with Star supermarket. Following the success of Trent’s Zudio, the value retail segment has seen entries of national retailers such as Yousta (Reliance Retail), Style-Up (ABFRL), and InTune (Shoppers Stop), analysts at Motilal Oswal Financial Services Ltd said in a report last year.

Also read: Zudio’s success spurs competition in value-fashion market India’s value retail market, excluding food and grocery, is likely to surge to $170 billion by 2026 from $111 billion in FY23, as per a report by Wazir Advisors. This segment is set to grow at a compound annual growth rate (CAGR) of 15% between 2023 and 2026, surpassing the overall retail sector’s expected 10% CAGR, which is projected to reach $1,219 billion by FY26. Apparel leads the value retail category, followed by furniture, beauty and personal care, and footwear.