Around 5–6% of Westside’s sales now come from digital channels, which the company says is significant. The online store matches physical outlets in both pricing and product selection, making e-commerce an extension of the brand
We will soon be mounting delegations of Indian seafood exporters to Singapore and the UAE. Besides, Latin America and the Gulf region have huge potential for our products, Union minister for commerce and industry Piyush Goyal said.
Trent's total sales is likely to come in at Rs 4,275 crore for the three months ended March, jumping 34 percent on-year.
Uniqlo and H&M saw their India sales grow by 60 percent and 40 percent, respectively, in FY23, but that pace halved in FY24, falling to 31 percent for Uniqlo and just 11 percent for H&M. These brands also saw their bottom lines battered by the shift in discretionary spending patterns.
The company announced a store portfolio optimization plan, according to which Trent will upgrade smaller footprint stores with newer ones. There are no details on the cost involved in the store upgrades, as part of this optimization plan.
Trent Limited is flagship fashion retail company of the Tata Group. Trent is fast scaling up its key fashion apparel brands viz Westside and Zudio. Apart from apparel Trent has been scaling up in new categories viz footwear and innerwear. Setting up of dedicated mass beauty stores and foray into lab grown diamonds would provide the next growth leg.
According to Goldman Sachs, Zudio is a multi-year market share gain story with low competitive risk.
While Trent reported solid, industry-beating growth, its earning figures still came in under expectations.
The Tata group company is eyeing the affordable beauty space as most competitors, including Reliance, Nykaa, and Shoppers Stop, focus on premium and luxury categories
The growth will be primarily due to higher demand stemming from a normal monsoon, easing inflation, festive and wedding season and increasing preference for fast fashion, CRISIL said
Trent has received a big boost from its smaller format store Zudio, pushing its market capitalisation to over Rs 2.4 lakh crore and making it the fourth most valuable Tata group firm
Trent, which owns the Zudio brand, is a play on a nimble-footed innovative challenger brand that is taking away market share from local players.
Customers are extremely positive on Trent's offerings as it absorbed the impact of high raw material prices in the previous fiscal year, as per experts.
Mukherjea said that Zudio has taken a leaf out of Asian Paints' strategic book and implemented it in the apparel industry
Tata Trent’s Zudio, Reliance Retail's Yousta, Aditya Birla Fashion’ Style-Up, and Shoppers Stop's InTune are seeking dominance in the value apparel segment.
At CMP, Trent is trading at 32x FY23 EV/EBIDTA projections. Valuations are expensive but strong growth prospects would continue to drive re-rating. Investors should add the stock in the portfolio. Here’s why.
Trent’s store expansion strategy in the apparel space is fast, and this would pave the way for an industry-leading growth
Trent has a strong parentage and brand recall, which, along with an efficient operating model, ensure for itself the best financial metrices in the industry
With almost all stores reopened and the festive month of October witnessing a recovery, we expect Trent to post better results in the second half of FY21