The value retailer enters 46 new cities, bolstering its presence across India
Trent’s value apparel format, Zudio, achieved a record expansion in fiscal 2024, opening 203 new stores and entering 46 new cities, bringing its total number of stores to 545.
“During the year, Zudio added 203 new stores to its portfolio and consolidated 10 stores. With a store footprint of 10,000 sq. ft, the concept affords expansion across numerous micro-markets,” Trent stated in its FY24 annual report. The capital investment for a new Zudio store ranges from Rs 3 to 4 crore, covering capex, deposits and inventory.
In the last financial year, Zudio expanded its footprint by 203 stores. As of March 2024, Zudio operated 545 stores across 164 cities, including locations co-located with Star supermarkets.
For the full year, Trent, which manages retail formats such as Westside, Zara and Star supermarkets in India, reported consolidated revenues of Rs 12,375.11 crore and a profit of Rs 1,477.46 crore for the 12 months ending 31 March 2024. The company operates 811 stores across 178 cities.
