The rapid store expansion in its value-fashion format Zudio has been a key driving force behind the strong revenue growth over the past few quarters. The December quarter (Q3FY24) was no exception.
In Q3, the Tata group company added four Westside stores and 49 Zudio stores. "Zudio per-sqft revenue is about 1.5 times that of Westside and overall revenue pool is 1.3 times, on our calculations," said analysts at Jefferies India in a report on 7 February. As on 31 December, Zudio's store count stood at 460, twice that of Westside, which is Trent's other crucial fashion concept.
Collectively, Trent's standalone revenue in Q3 rose by 52.5% year-on-year to 13,312 crore on the back of 10% like-for-like growth across its fashion concepts and store additions. On a four-year compound annual growth rate (CAGR) basis, Trent's revenue growth stood at close to 40%, which is nothing to sneeze at.
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