Trent, the apparel division of the Tata Group, is set to venture beyond Indian borders by opening a flagship store in Dubai, according to a report by The Economic Times. This strategic move comes on the heels of Zudio, one of Trent’s leading brands, achieving over Rs 7,000 crore in revenue in India.
Previously, Trent had postponed its global expansion plans to focus on consolidating its domestic operations. However, with a robust and profitable business model now established, the traditionally cautious retailer is poised to explore international opportunities, particularly targeting the substantial Indian diaspora.
If this plan materializes, Trent would be the first Indian retailer to tap into this market segment on a global scale. While the company is considering potential partnerships with international allies, no official confirmations have been made, sources told The Economic Times.
Trent’s CEO, P Venkatesalu, acknowledged the expansion plans but noted, “It is still early to comment on plans.”
Industry analysts have praised Trent for developing a sustainable and profitable business model, which has boosted confidence in its ability to expand overseas. The company’s financial performance in FY24 underscores this confidence, with net sales surging 50 percent to Rs 12,375 crore and net profit nearly quadrupling to Rs 1,477 crore. This growth is attributed to strong like-for-like sales, aggressive expansion of Zudio stores, and significant traction in emerging categories such as beauty and personal care, innerwear, and footwear.
In the March quarter, Trent’s fashion apparel brand, Westside, expanded its footprint by adding 12 new stores, bringing the total to 232. Similarly, the value-fashion brand Zudio opened 86 new stores, increasing its total to 545 outlets.
As Trent prepares for its international debut, the company’s strategic focus on a profitable and sustainable business model sets a strong foundation for its success abroad.
