Zudio news and archive

India's apparel retail market to reach 176 billion dollars by FY30

India’s apparel retail sector is poised for a massive transformation, with the market expected to reach 16 lakh crore (176 billion dollars) by FY30, according to a report by CareEdge Ratings. Driven by the rapid rise of e-commerce, a burgeoning "value fashion" segment, and deep penetration into Tier-2 and Tier-3 cities, the industry is...

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Business

Trent Ltd. share price falls as revenue growth moderates

Indian clothing retailer Trent Ltd., the owner of the Westside and Zudio brands, reported its second-quarter standalone revenue rose by 17 percent on Monday. This growth marks its slowest increase since the March 2021 quarter and fell short of the company's near-term target of 25 percent. Following the business update, Trent's share price fell...

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Business

Trent’s Q3 net profit grows 38 per cent

For the third quarter Trent’s standalone net profit grew 38 per cent. Revenue from operations jumped 32.5 per cent. There was a 13 per cent growth in ebitda and ten per cent same-store sales growth. Trent a Tata Group company is witnessing positive traction for its lifestyle retail concepts and consequently pursuing a substantially accelerated...

Retail

Tata Trent to build its own trend-focused apparel chain like Zara

Tata Group has been Inditex SAs partner for Zara in India. Now, the country’s largest conglomerate is building its own apparel empire as trend-focused as Zara -- but at half the price. Trent, the retail arm of the Tata Group is building its own apparel chain. The target audience is the trend-conscious and globalised consumer but whose low...