Trent Posts 39% Growth, Expands to 1043 Stores in FY25

Trent Reports Strong FY25 Performance with 39% Revenue Growth and Expands to 1043 Fashion Stores

Trent Limited, part of the Tata Group, has announced its financial results for the fourth quarter and full fiscal year ending 31 March 2025. The company reported a 39% year-on-year growth in standalone revenues, which stood at ₹17,624 crore for FY25. Profit before tax (PBT), before exceptional items, rose by 56% to ₹2,077 crore.

Trent now operates a significant footprint of over 1,043 large-format fashion stores across 242 cities, with the FY25 network expansion including 40 Westside and 244 Zudio store openings. The store portfolio as of March 31 includes 248 Westside, 765 Zudio (including two in the UAE), and 30 outlets under other lifestyle concepts. Trent expanded into 64 new cities and towns during the year, tapping into Tier 2 and Tier 3 markets with strong customer traction. Like-for-like growth was mid-single digits for Q4 and double-digit for the full year. The brand continues to deepen its reach in metros and Tier 1 cities, supported by a differentiated product mix and aesthetic store experience. Operational enhancements like the adoption of RFID-based tracking across the supply chain enabled the company to manage over 40% volume growth year-on-year. Operating EBIT margin for Q4FY25 stood at 9.3%, compared to 8.3% in Q4FY24. Trent’s gross margin structure across Westside and Zudio remained steady, with over 20% of revenues now coming from emerging categories like beauty, innerwear, and footwear. Online platforms also gained momentum, with Westside’s digital revenues rising 43% and contributing over 6% to total Westside sales. On a consolidated basis, the company reported revenues of ₹18,141 crore and a PBT of ₹2,030 crore, both reflecting robust double-digit growth.

While revenues from Trent Hypermarket are not consolidated, the company’s share of profits is included. The Star business, with 78 stores, achieved 17% revenue growth in Q4FY25, driven by its own brands and a sharpened value proposition in staples, fresh produce, and general merchandise. Chairman Mr. Noel N Tata stated that both Westside and Zudio now enjoy scale, reach, and significant customer affinity. Zudio crossed the US$1 billion revenue milestone during FY25. He emphasized Trent’s ability to capitalize on the evolving Indian retail landscape with aspirational yet accessible offerings. Trent’s growing store density and digitally enabled operations position it strongly for continued expansion. In the Star business, over 70% of revenues now come from private label brands, reinforcing the potential of Trent’s value-focused playbook in the food and grocery sector.