Trent reports 20% Q4 revenue growth to Rs 4,937 crore, driven by Zudio-led expansion and strong demand
Trent reported a rebound in revenue growth for the fourth quarter of FY2025–26, with standalone revenue rising 20 per cent year-on-year to Rs 4,937 crore, driven by strong store expansion and steady consumer demand.
The performance marks a recovery after growth had moderated to the high teens in the preceding quarters, signalling improving momentum for the Tata Group’s retail arm, which operates brands such as Zudio and Westside.
For the full financial year, Trent’s revenue rose 18 per cent to Rs 19,701 crore, reflecting sustained traction despite uneven discretionary demand in parts of the year.
Investor sentiment remained positive following the update, with the company’s shares rising over 4–6 per cent in early trade, even as broader markets showed mixed trends.
Store Expansion Drives Growth
A key driver of the quarter’s performance was aggressive store expansion, particularly in the value fashion segment. During the March quarter, Trent added 109 Zudio stores
22 Westside stores
This took the company’s total store count to 1,286 outlets as of March 31, 2026, including 963 Zudio stores (with a small international presence) and 300 Westside outlets.
The continued rollout across formats highlights the company’s strategy of scaling its value-driven offering while strengthening its presence in both metro and non-metro markets.
Demand Trends and Market Positioning
The growth uptick has been partly attributed to improved consumer spending, supported by macro tailwinds such as increased disposable income following tax cuts.
Zudio, in particular, has emerged as a key growth engine, benefiting from demand for affordable, trend-led fashion among younger consumers. The brand’s rapid expansion into smaller cities is also helping Trent tap into new consumption clusters beyond major urban centres.
Despite earlier concerns around slowing growth and competitive intensity, the latest quarterly performance suggests stabilisation, with analysts noting improving business momentum and better execution.
With a strong store pipeline and continued focus on value fashion, Trent is expected to maintain growth momentum, although productivity in newer markets and competitive pressures remain key variables to watch.
The company’s strategy of combining scale expansion with affordable fashion positioning is likely to remain central as it seeks to consolidate its leadership in India’s fast-evolving apparel retail market.
