Trent Posts 28% Revenue Growth In March Quarter

Trent Ltd. reported a 28% year-on-year increase in standalone revenue for the fourth quarter of financial year 2025, reaching Rs 4,334 crore. This compares to Rs 3,381 crore in the same period last year, according to a filing with the stock exchanges on Saturday.

For the full financial year 2025, the company posted a 39% rise in standalone revenue, totaling Rs 17,624 crore, up from Rs 12,669 crore in fiscal 2024.

During the quarter ended March, Trent expanded its retail footprint by opening 13 new Westside stores and 132 new Zudio outlets. Over the course of the fiscal year, the company launched 40 new Westside stores and 244 new Zudio locations.

In the third quarter of the previous fiscal, Trent opened 14 new Westside stores and 62 new Zudio stores.

As of March 2025, Trent's store network comprised 248 Westside stores, 765 Zudio outlets (including two in the UAE), and 30 stores across various other lifestyle concepts.

Macquarie in March had initiated coverage on Trent with an 'Outperform' rating and a target price of Rs 7,000, offering a 35% upside from current levels. The brokerage highlights Trent as a standout player in India's retail space, especially within the value to mid-premium fashion segment, and expects this growth to continue, buoyed by several tailwinds.

Trent stands out in Asia's fashion retail sector, surpassing peers in growth, returns, and inventory management, as per the brokerage. Over financial year 2023-2025, Trent has achieved an impressive 45% sales CAGR, margin expansion, and a three times increase in return on capital employed, reaching 30%.

The shares of Trent closed 1.98% lower on Friday at Rs 5,562.85 apiece. Trent shares have fallen 38.96% in the last 12 months and 21.91% year-to-date.

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