Trent Ltd sees 3.9% jump in net profit in FY25, Zudio revenues top $1 billion

Retail major Trent Ltd reported a strong topline performance for the quarter and year ended March 31, 2025, though profitability saw muted growth due to rising costs.

For the fourth quarter (Q4 FY25), the Tata Group company posted a 27.9% year-on-year (YoY) increase in revenue from operations at Rs 4,216.94 crore, compared to Rs 3,297.70 crore in Q4 FY24. Total income for the quarter stood at Rs 4,291.28 crore, up 27.2% from Rs 3,374.57 crore in the same period last year.

However, net profit for the quarter declined 3.9% to Rs 311.60 crore, from Rs 324.19 crore a year ago, reflecting margin pressures despite strong revenue growth.

For the full year FY25, Trent’s revenue from operations surged 38.5% to Rs 17,134.61 crore, against Rs 12,375.11 crore in FY24. Total income for the year rose 37% to Rs 17,353.17 crore, up from Rs 12,664.88 crore.

Net profit for FY25 stood at Rs 1,534.41 crore, registering a 3.9% growth over Rs 1,477.46 crore reported in the previous fiscal.

Commenting on the performance, Noel N Tata, Chairman, Trent Ltd, said the company’s focus in FY25 remained on expanding its footprint and enhancing accessibility for customers. “Given the seasonality of the business, nature of the real estate market and our approach to inventory management, the full year performance is more representative with respect to revenues, operating profitability and network expansion vis-à-vis any individual quarter,” he noted.

He added that Zudio, the company’s value fashion format, exceeded USD 1 billion in revenues during the year, marking a key milestone. “Both Westside and Zudio now have the scale and reach and enjoy significant consumer awareness and love. The Indian consumer has evolved rapidly, seeking an aspirational product proposition, attractive pricing and importantly, ready accessibility,” he said.

Tata further emphasised that building density in key markets allows Trent to serve customers more effectively and that the market opportunity for direct-to-consumer retail remains immense. On the grocery front, he said the Star business is seeing strong traction, with its own brands now contributing over 70% of revenues. “We remain convinced that this business is well poised to deliver much consumer value and growth in the years ahead,” he added.

Trent Ltd operates a diverse retail portfolio spanning fashion, lifestyle, and groceries. Its key brands include Westside, Zudio, and Star, alongside joint ventures with Spain's Inditex for Zara and Massimo Dutti stores in India. With aggressive store expansion, private label dominance, and a sharp focus on affordability and accessibility, Trent continues to be one of India’s fastest-growing retail companies and a major pillar in the Tata Group’s consumer-facing ecosystem.