Logo of Trent’s flagship brand Westside is displayed in front of their showroom in New Delhi, April 14, 2025.
| Photo Credit:
PRIYANSHU SINGH
Tata group owned Trent Ltd’s net profit growth in the first quarter of FY26 slowed to its lowest in two years as subdued demand bit into its topline.
The retailer, which operates apparel chains such as Westside and Zudio, reported a net profit of ₹430 crore, up 9.5 per cent on year while revenue was 19 per cent higher at ₹4,884 crore.
During the quarter like-for-like growth, a key performance metric, for its fashion portfolio was in low single digits, it said, adding that despite the onset of early monsoons and geopolitical disruptions, the growth in revenues across micro markets was healthy.
It opened 12 new stores during the quarter, ending with a store count of 1,043, it said. The company said it was evolving the quality of its store portfolio and increasing the density of its presence in key markets, where it has a higher share of revenues.
It is also expanding its presence across tier 2 and 3 cities. “Many of these markets are still emerging in terms of adoption of fashion trends and density of consumption, but they afforded substantial opportunities, though they would evolve to maturity over different time horizons.”
Margin profiles of Westside and Zudio were consistent, it said while emerging categories such as including beauty and personal care, innerwear and footwear contributed to over a fifth of its revenues.
Online revenues grew by 35 per cent and contributed to over six per cent of Westside revenues.
Its hypermarket chain Star Bazaar added two new stores in the quarter while three stores were closed.
“We are pursuing multiple interventions including on the technology front aimed at driving differentiation and convenience of our customer proposition,” it 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,” said Chairman Noel Tata.
Published on August 6, 2025
