Trent April-June Revenue Growth Slows Despite Profit Rise

Trent Ltd. reported its slowest on-year revenue growth in 17 quarters during the April–June period, as muted like-for-like sales in its fashion segment weighed on overall performance.

Consolidated revenue rose 19.8% on year to ₹47.8 billion in the June quarter, while net profit grew 23.5% on year to ₹4.2 billion. Earnings before interest and tax rose 28.8% to ₹5.4 billion, with EBIT margin improving to 11.4% from 10.6% a year ago.

The company said like-for-like growth in its fashion portfolio remained in the low single digits. While revenue growth was slower than in recent quarters, Trent said it remained healthy despite the early monsoon and geopolitical disruptions.

Chairman Noel N. Tata said Trent’s strategy is to deepen its presence in key markets and build a scalable, direct-to-customer business.
Both Westside and Zudio continue to expand their footprint and enjoy strong customer awareness, he added.

As of June 30, Trent operated 248 Westside stores, 766 Zudio stores, and 29 outlets under other lifestyle concepts across over 13 million square feet. A year ago, it had 228 Westside and 559 Zudio stores.

Emerging categories such as beauty, personal care, innerwear, and footwear now contribute over 21% of revenue. Online revenue for Westside rose 35% on year and accounted for more than 6% of its total sales.

Trent continues to expand into tier 2 and 3 cities, noting that while these markets are still maturing, they offer significant long-term opportunities. The company said performance in new locations may not be directly comparable to established metro stores.

Its food and grocery arm Star, which runs 77 stores across 10 cities, posted a 6.6% rise in revenue at ₹8.7 billion in the June quarter.