(Reuters) - Indian apparel retailer Trent 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:
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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.
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Several consumer companies, including Marico and Dabur, have reported resilient first-quarter growth despite navigating uneven urban demand and elevated input costs.
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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.
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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.
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The company added one Westside and 19 Zudio stores during the quarter, Trent said.
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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.
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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)
Reporting by Surbhi Misra in Bengaluru; Editing by Vijay Kishore
Source: Reuters