Behind Trent’s trend-defying performance
2 months, 1 week ago

Behind Trent’s trend-defying performance

Live Mint  

India’s GDP growth has been in the news lately, and not for the right reasons. After longstanding focus on this fashion and lifestyle brand, Trent diversified into food and grocery with Star Bazaar in 2014 before finally incepting the game-changing value-fashion brand ‘Zudio’ in 2016. Trent’s quarterly topline has grown at a compound annual growth rate of 38%—from a little above ₹800 crore in FY20 to more than ₹4,000 crore in Q2 FY25. View Full Image Zudio: Driving Trent’s growth While Westside was Trent’s inceptive brand, the turnaround in Trent’s fortunes has come from its value-fashion brand, Zudio. View Full Image While Westside’s relatively premium offerings yield higher gross margins, Zudio’s profitability has been supported by the faster inventory turnover of its fast-fashion products.

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History of this topic

Trent takes a breather from 50% plus growth in September quarter
4 months, 1 week ago

Trent takes a breather from 50% plus growth in September quarter

Live Mint  

When the bar is set high, every shortfall appears glaring. A case in point is Trent Ltd’s September quarter results where the retailer clocked almost 40% standalone revenue growth to ₹4,036 crore. The September quarter revenue growth missed the 50% mark for the first time since Q4FY21, pointed out analysts from Nuvama Institutional Equities in a report on 7 November. …

Trent Q2 Results: Profit grows 47% YoY to ₹355 crore, revenue rises 39%
4 months, 2 weeks ago

Trent Q2 Results: Profit grows 47% YoY to ₹355 crore, revenue rises 39%

Live Mint  

Trent Q2 Results: Trent Ltd, a Tata Group company, posted a 46.9 per cent year-on-year growth in consolidated net profit for the September quarter to ₹355.06 crore on Thursday, November 7. On a standalone basis, Trent's revenue jumped 39 per cent YoY to ₹4,035.56 crore while the net profit rose 46.18 per cent YoY to ₹423.44 crore. In an otherwise …

Is Trent's Zudio a Game Changer for the Big Fat Indian Wedding?
4 months, 3 weeks ago

Is Trent's Zudio a Game Changer for the Big Fat Indian Wedding?

Live Mint  

Trent is exploring the beauty and jewellery market with its first Zudio Beauty store and lab-grown diamond brand, Pome. The company's focus on affordable beauty and jewellery aligns with the growing demand for affordable products in the mass market. While the success of Zudio Beauty remains uncertain, Trent's cautious expansion strategy should help minimize losses. However, the potential for significant …

Trent stock trades at 216 times earnings. Is it still cheap?
5 months, 3 weeks ago

Trent stock trades at 216 times earnings. Is it still cheap?

Live Mint  

As many as 29 Tata Group stocks are listed on the stock exchange, of which five are already in the Nifty 50. Today, Zudio alone accounts for 30% of Trent’s revenue and the operating profit margin has increased from 6.87% in FY23 to 9.86% in FY24. Resilience to competition Trent’s margins and revenue have continued to grow despite strong competition …

Why is Zudio growing? ‘No other clothing chain’ does this as per ace fund manager Saurabh Mukherjea
11 months, 1 week ago

Why is Zudio growing? ‘No other clothing chain’ does this as per ace fund manager Saurabh Mukherjea

Hindustan Times  

Fund manager Saurabh Mukherjea said that Tata group’s budget-friendly retail apparel chain Zudio is successful because of the brand’s ability to refresh its inventory every few days. Zudio has seen exponential growth in the last few years and as per domestic brokerage Motilal Oswal Financial Services, it could be an outlier in its sector for fourth quarter results for FY24. …

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