Trent Ltd

Trent announced the launch of its youth-focused fashion brand, Burnt Toast, with its debut in Bangalore. Powered by Capital Market - Live

Revenue from operations jumped 18.98% YoY to Rs 4,883.48 crore in the quarter ended 30 June 2025. Notably, this figure does not include revenue from the Trent Hypermarket business. Profit before tax in the first quarter of FY26 was at Rs 564.69 crore, up 12.62% from Rs 501.39 crore recorded in the corresponding quarter last year. Trent's Star business, which now consists of 77 stores, saw a net reduction of one store during the quarter, with two new openings and three closures. The company said it is undertaking several interventions, especially in technology, to enhance customer convenience and customer proposition. On a standalone basis, the company's net profit jumped by 23.51% to Rs 422.59 crore on a 19.77% increase in revenue from operations to Rs 4,781.25 crore in Q1 FY26 compared to Q1 FY25. The company continues to expand and refine its retail footprint, now operating more than 1,000 large-format fashion stores across 242 cities. As of 30 June 2025, Trent's portfolio comprised 248 Westside stores, 766 Zudio stores'including two in the UAE'and 29 outlets under other lifestyle concepts. Despite the early onset of the monsoon and geopolitical disruptions, the company reported healthy revenue growth across comparative micro markets. However, like-for-like growth in the fashion portfolio remained in the low single digits. Trent stated that the change in revenue participation across its concepts remains broadly in line with its strategic plans. As part of its expansion strategy, Trent is strengthening its presence in Tier 2 and Tier 3 cities, which it views as emerging markets with long-term growth potential. The company acknowledged that these markets are still evolving in terms of fashion adoption and consumption, and thus their revenue trajectories may differ from those in metropolitan areas. Investments in technology and automation have enabled the company to maintain stable operating economics and benefit from operating leverage. The gross margin profile of both Westside and Zudio remained steady. For Q1 FY26, the operating EBIT margin improved to 11.4%, up from 10.6% in the same period last year. Trent emphasized that its full-year results are likely to offer a more accurate reflection of overall business health, given its merchandise sourcing strategy, pricing structure, and inventory provisioning. At the end of the quarter, Trent's total retail footprint across fashion brands exceeded 13 million square feet. Emerging categories such as beauty and personal care, innerwear, and footwear continued to gain traction and now contribute more than 21% of the company's total revenue. The company's digital channels also saw strong momentum. Online revenues from Westside.com and the Tata Neu platform grew 35% year-on-year in Q1 FY26, now accounting for over 6% of Westside's total revenues. The company said its online model mirrors its in-store strategy, maintaining consistent pricing, product assortment, and sales policies. Among standalone brands, Westside continues to rank among the top in terms of online sales volume in the Indian market. Noel N Tata, Chairman, Trent said, 'The business delivered steady performance during the quarter. We remain focused on evolving our differentiated consumer proposition that appeals to a wider audience across diverse markets. Notwithstanding continuing competitive intensity and interim trends, we believe an unwavering focus on being relevant to our customers and building resilience with our business model choices will, over time enable us to deliver significant value. We believe building density of our presence in key markets allows us proximity and the ability to service our customers readily. Both Westside and Zudio now have the scale & reach and enjoy significant consumer awareness & love. We remain on track to build a sizable and scalable pure play direct-to-customer business in the context of the market size and opportunity. In our Star business, we continue to apply Trent's playbook and the contribution of our own brands is now trending over 70% 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.' Trent is part of the Tata Group and operates a portfolio of retail concepts. The primary customer propositions of Trent include Westside, one of India's leading chains of fashion retail stores, Zudio, a one stop destination for great fashion at great value and Star, which operates in the competitive food, grocery and daily needs segment. The counter rose 0.57% to end at Rs 5,389.95 on the BSE. Powered by Capital Market - Live

Net profit of Trent rose 9.46% to Rs 429.69 crore in the quarter ended June 2025 as against Rs 392.57 crore during the previous quarter ended June 2024. Sales rose 18.98% to Rs 4883.48 crore in the quarter ended June 2025 as against Rs 4104.44 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales4883.484104.44 19 OPM %17.3614.94 - PBDT857.62682.71 26 PBT564.69501.39 13 NP429.69392.57 9 Powered by Capital Market - Live

The downgrade came alongside a reduction in the broker's FY26 estimates for sales and earnings per share (EPS) by 5%-9% and 8%-13%, respectively, citing a greater-than-expected impact from cannibalisation. Cannibalisation occurs when the sales of an existing product are negatively affected by the launch of a similar offering within the same company. The brokerage had initially projected that Trent's value fashion brand, Zudio, would capture a 5% share of India's overall apparel market by FY35. However, Zudio's market share stood at only 1.5% at the end of the previous financial year. Although Zudio continues to grow at a faster rate than the broader apparel market, the broker now expects the pace of market share expansion to be slower than earlier anticipated. Zudio's sales growth for FY25 had been estimated at 60%. According to the note, Trent shares are likely to remain range-bound near current levels unless there is a clear sign of a turning point. The company is scheduled to announce its Q1 FY26 results on August 6, 2025. Trent is part of the Tata Group and operates a portfolio of retail concepts. The primary customer propositions of Trent include Westside, one of India's leading chains of fashion retail stores, Zudio, a one stop destination for great fashion at great value and Star, which operates in the competitive food, grocery and daily needs segment. On a consolidated basis, Trent's net profit declined 54.82% to Rs 318.15 crore while net sales rose 27.88% to Rs 4216.94 crore in Q4 March 2025 over Q4 March 2024.Powered by Capital Market - Live

Trent will hold a meeting of the Board of Directors of the Company on 6 August 2025.Powered by Capital Market - Live

The Nifty July 2025 futures closed at 25,552, a premium of 91 points compared with the Nifty's closing at 25,461 in the cash market. In the cash market, the Nifty 50 index added 55.70 points or 0.22% to 25,461. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 0.56% to 12.32. Trent, BSE and Bajaj Finance were the top-traded individual stock futures contracts in the F&O segment of the NSE. The July 2025 F&O contracts will expire on 31 July 2025. Powered by Capital Market - Live

The Tata Group's retail arm reported a 20% year-on-year increase in standalone revenue, reaching Rs 5,061 crore in the June 2025 quarter. However, this growth fell short of the company's five-year compounded annual growth rate (CAGR) of 35%, raising questions about whether Trent can sustain its past performance. The market reacted swiftly to the miss, with a domestic brokerage firm cutting its revenue growth estimates for FY26 and FY27 by 5% and 6% respectively. The brokerage also lowered EBITDA projections by 9% and 12% for the same period, citing slower-than-expected performance and margin concerns. The brokerage further noted that the company's current growth run rate is below management's aspirational target of achieving 25% annual growth over the next few years. Despite the miss, Trent continued to expand its retail footprint, adding 11 new Zudio stores and 1 Westside outlet during the quarter. As of 30th June 2025, its store portfolio included 248 Westside, 766 Zudio (including 2 in UAE) and 29 stores across other lifestyle concepts. Trent is part of the Tata Group and operates a portfolio of retail concepts. The primary customer propositions of Trent include Westside, one of India's leading chains of fashion retail stores, Zudio, a one stop destination for great fashion at great value and Star, which operates in the competitive food, grocery and daily needs segment. On a consolidated basis, Trent's net profit declined 54.82% to Rs 318.15 crore while net sales rose 27.88% to Rs 4216.94 crore in Q4 March 2025 over Q4 March 2024. Powered by Capital Market - Live

The Nifty June 2025 futures closed at 25,096.50, a discount of 15.9 points compared with the Nifty's closing at 25,112.40 in the cash market. In the cash market, the Nifty 50 index jumped 319.15 points or 1.29% to 25,112.40. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 4.08% to 13.67. Trent, Reliance Industries and Nestle India were the top-traded individual stock futures contracts in the F&O segment of the NSE. The June 2025 F&O contracts will expire on 26 June 2025.Powered by Capital Market - Live

Trent announced that the 73rd Annual General Meeting(AGM) of the company will be held on 3 July 2025.Powered by Capital Market - Live

Revenue from operations jumped 27.87% YoY to Rs 4,216.94 crore in the quarter ended 31 March 2025. Profit before tax in the fourth quarter of FY25 was at Rs 415.75 crore, down 54.76% from Rs 919.03 crore recorded in the corresponding quarter last year. The Star business registered operating revenue growth of 17% in Q4 FY25. The Star business now consists of 78 stores, including the addition of 12 stores in the current year, and witnessed an all-around improved operating performance, driven by its own brands, staples, fresh & general merchandise offerings. On a standalone basis, the company's net profit declined by 46.51% to Rs 349.92 crore, despite a 28.84% increase in revenue from operations to Rs 4,106.10 crore in Q4 FY25 compared to Q4 FY24. The company operates a significant portfolio of over 1,000 large-box fashion stores. It also continues to selectively refresh its store footprint across concepts, with a presence in 242 cities. In FY25, it opened 40 Westside stores and 244 Zudio stores and consolidated 24 Westside and 24 Zudio stores. As of 31st March, its store portfolio included 248 Westside stores, 765 Zudio stores (including 2 in the UAE), and 30 stores across other lifestyle concepts. In Q4 FY25, the fashion portfolio saw mid-single-digit like-for-like growth, with double-digit growth for the full year. The company continued expanding its presence in metro and Tier 1 cities, focusing on increasing store density and revenue share in key markets. It emphasized that evaluating growth by micro-market performance offers a more accurate view than traditional store comparisons, with strong results reported in FY25. As of the year-end, the company operates with a footprint of over 13 million sq. ft. across its fashion brands. Emerging categories, including beauty & personal care, innerwear, and footwear, continued to gain traction with customers. These categories now contribute over 20% of the company's revenues. The company stated that Westside.com, along with its presence on the Tata Neu platform, continues to gain traction and grow profitably. In FY25, online revenues grew by 43%, contributing over 6% to Westside's total revenues. Westside online offers a unique convenience proposition, fully aligned with the brand's approach in stores, including product offerings, pricing, end-of-season sales, and returns policies. Among standalone brands, Westside now registers some of the highest online volumes compared to its peers in the Indian market. Noel N. Tata, chairman of Trent, said, 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-'-vis any individual quarter. Our fashion portfolio continues to be differentiated by disciplines & choices. In FY25, Zudio revenues exceeded a billion dollars. Both Westside and Zudio now have the scale & reach and enjoy significant consumer awareness & love. The Indian consumer has evolved rapidly in recent years and is seeking an aspirational product proposition, attractive pricing, and, importantly, ready accessibility. 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. In our Star business, we are applying Trent's playbook, and the contribution of our own brands is now trending over 70% 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.' Meanwhile, the company's board has recommended a dividend of Rs 5 per equity share, subject to the approval of shareholders. The dividend, if approved, shall be paid on or after the fourth day from the conclusion of the 73rd Annual General Meeting. Trent is part of the Tata Group and operates a portfolio of retail concepts. The primary customer propositions of Trent include Westside, one of India's leading chains of fashion retail stores; Zudio, a one-stop destination for great fashion at great value; and Trent Hypermarket, which operates in the competitive food, grocery, and daily needs segment under the Star banner. Trent's new fashion concepts include Samoh, a differentiated & elevated occasion wear offering, and Misbu, which offers a curated & compelling range of beauty, personal care, and fashion accessories. The counter rallied 3.28% to end at Rs 5,380.40 on the BSE. Powered by Capital Market - Live