Indian fast-fashion retailer Trent posts 19% growth in first-quarter revenue
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July 6 (Reuters) - Indian apparel retailer Trent TREN.NS said on Monday its standalone revenue rose 19% year-on-year in the first quarter of fiscal year 2027, helped by continued store expansion at its Westside and Zudio chains.
Here are the details:
Revenue from operations rose to 56.66 billion Indian rupees ($593.95 million) for the quarter ended June 30, from 47.81 billion rupees a year earlier, the Tata Group company said in a preliminary update.
Several consumer companies, including Marico and Dabur, have reported resilient first-quarter growth despite navigating uneven urban demand and elevated input costs.
Brokerages have continued to view Trent as one of the strongest performers in the sector, supported by rapid store expansion and steady demand for its affordable fashion offerings.
HSBC had expected Trent's revenue to grow about 21% in the quarter, driven by continued strength in Westside and Zudio, while Bernstein recently said faster expansion of Westside stores could provide an additional growth driver alongside Zudio.
The company added one Westside and 19 Zudio stores during the quarter, Trent said.
It has 1,312 outlets as of June 30, comprising 301 Westside stores, 982 Zudio stores, including seven in the United Arab Emirates, and 29 stores under other lifestyle formats.
The retailer had reported a 26% rise in fourth-quarter profit in April, helped by strong demand following tax cuts on consumer goods and continued expansion of its store network.
($1 = 95.3950 Indian rupees)
