Retail major reports robust growth across fashion and online verticals; Zudio and Westside expand footprint to 1,000+ stores across 242 cities
Tata Group retail arm Trent has announced its financial results for Q1FY26, reporting a 20 per cent year-on-year revenue growth on a standalone basis, with fashion revenues surpassing Rs 5,000 crore. Profit before tax (PBT) grew by 23 per cent to Rs 555 crore for the quarter ended 30 June 2025. Consolidated revenues stood at Rs 5,174 crore, up 19 per cent YoY, with consolidated PBT at Rs 565 crore.
Trent now operates over 1,000 large-format fashion stores, including 248 Westside and 766 Zudio outlets (with two in the UAE), along with 29 stores from other lifestyle formats. The brand maintains presence across 242 cities and is actively expanding into Tier 2 and 3 markets, recognising their long-term growth potential despite current revenue disparity with metros.
Chairman Noel N Tata said, “We remain focused on building resilience in our business and relevance for our customers. Both Westside and Zudio have grown in scale and consumer affinity, and we are committed to delivering long-term value with our direct-to-consumer strategy.”
Despite macro headwinds such as the early onset of monsoon and global disruptions, Trent recorded stable gross margins and an operating EBIT margin of 11.4 per cent (up from 10.6 per cent in Q1FY25). Investments in automation and technology have supported strong operating leverage.
Westside.com, along with its presence on the Tata Neu platform, saw 35 per cent growth in online revenues, now accounting for over 6 per cent of Westside’s sales. Emerging categories such as beauty, innerwear, and footwear now contribute 21 per cent of Trent’s fashion revenues.
In the food retail vertical, the Star business has grown to 77 stores, with over 70 per cent of revenue now contributed by own brands. While competition remains strong, Trent aims to differentiate through exclusive product lines, value pricing, and digital convenience.
As the company continues to refresh its store network, expand into new markets, and strengthen its omni-channel proposition, it remains confident in sustaining momentum and delivering significant consumer value across its retail ecosystem.
