Tata Group-owned affordable fashion brand Zudio is on an aggressive expansion spree and is planning to add around 130 stores this calendar year.
Zudio has so far opened around 350 stores and the planned expansion all over the country in 2023 will take the store-count to slight shy of 500.
Zudio is spearheaded by Trent Ltd., Tata’s retail venture that also operates the Westside department store chain and Landmark bookstores. The company also has two joint ventures with Spain’s Inditex SA to run Zara and Massimo Dutti labels in India.
The seven-year-old Zudio brand has played a key role in the conglomerate’s retail business. It made a robust contribution in the sales of the BSE-listed Trent, when the retail arm reported a stellar revenue growth of 61% to Rs 2,171 crore in the third quarter of fiscal year 2023, compared to the same quarter a year ago. For the same quarter ending December, Trent’s net profit jumped 21% to Rs161 crore compared to the same quarter of the previous fiscal.
Tata said it added more than 90 Zudio stores in the first nine months of fiscal year 2023. Meanwhile, Trent also operates more than 200 Westside stores nationwide.
