TRENT

Business Overview Trent is one of India’s fastest-growing retail companies under the Tata Group umbrella. Its major brands include: Westside Zudio Star Bazaar The biggest growth driver currently is Zudio, which is aggressively expanding in value fashion retail across India. Fundamental Analysis Strengths ✅ Strong brand backing from Tata Group ✅ Rapid store expansion across Tier-2 & Tier-3 cities ✅ Asset-light and scalable retail model ✅ Strong operating leverage improving margins ✅ Consumer shift toward affordable fashion benefiting Zudio Trent reported around 20% YoY revenue growth in Q4 FY26, supported mainly by aggressive store additions and improving operational efficiency. The company added: ~198 Zudio stores ~52 Westside stores during FY26. Financial Highlights Revenue growth remains strong EBITDA margins improving due to better cost control PAT growth around 26–30% YoY in Q4 FY26 Retail footprint expanding aggressively Long-term consumption story remains intact Management has also approved: Bonus issue Fund raising for future expansion