Tata Group Multibagger Company Expands Retail Footprint with New Westside Stores in Jodhpur and Chennai
5-Year Return: Over 700 per cent
Trent Limited, a key player in India's retail sector and part of the Tata Group, has recently expanded its Westside retail chain with the launch of two new stores in Jodhpur, Rajasthan and Chennai, Tamil Nadu. These openings underscore Trent's strategic growth and its commitment to providing diverse and contemporary fashion to Indian consumers.
New Store Launches:
- Jodhpur: The 242nd Westside store, located at Westside, Jodhpur-II Sardarpura VCL Constellation, spans 31,641 square feet.
- Chennai: The 244th Westside store, located in Kelambakkam, covers 26,000 square feet.
Both stores aim to deliver a seamless shopping experience, featuring a wide array of products, including:
- Apparel (women’s, men’s, and children’s: ethnic wear, casuals, workwear)
- Accessories
- Cosmetics (including Studio West beauty products)
- Footwear
- Home decor
Westside is known for its regularly refreshed collections, with new items arriving every three weeks, ensuring customers have access to the latest fashion trends at competitive prices. Brands such as Utsa, Bombay Paisley, Vark, Zuba, NUON, L.O.V and Gia are featured. The WestStyleClub membership is also offered to customers in the Chennai location for enhanced shopping benefits.
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Company Overview:
Trent Limited operates a portfolio of retail formats, including Westside, Zudio, Trent Hypermarket, Utsa, Misbu, and Samoh. As of FY24, the company operates over 875 stores across India, a significant increase from 681 stores in FY23.
- Westside: Contributes approximately 39 per cent of revenue, with 232 stores in 91 cities.
- Zudio: Contributes approximately 55 per cent of revenue, with 545 stores focusing on value fashion.
- Trent also has strategic alliances with Inditex for Zara and Massimo Dutti stores.
The company reported a 50 per cent year-on-year revenue increase in FY24, primarily driven by Zudio's expansion and strong same-store sales growth.
Financial Highlights (as of March 26, 2025):
- 52-Week High: Rs 8,238.9
- 52-Week Low: Rs 3,873.4
- Market Capitalization: Over Rs 1,80,000 crore.
- 1-Year Return: 30 per cent
- 5-Year Return: Over 700 per cent
- Price-Earnings (PE) Ratio: 99.53
Trent's strategic priorities include continued store network expansion and product offering enhancements. While non-apparel formats and joint ventures like Star Bazaar have faced challenges, Trent is focused on improving operations and delivering superior retail experiences.
Disclaimer: The article is for informational purposes only and not investment advice.