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Zudio Scales Up To Rs 1000 Crore Plus Brand: ICICI Direct


BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Trent Ltd. is India’s leading retailer with a presence across various consumer categories (550 plus stores). Inherent strength of brands (Westside, Zudio, Star, Zara) and accelerated store additions have led Trent to be among the fastest growing companies in our retail coverage universe.

Zudio remains the fastest growing value fashion brand in India with revenues surpassing Rs 1000 crore in FY22. With the brand achieving scale, the brand reported its highest Ebit margin of 6% in FY22 (FY21: ~1%).

Westside format surpassed pre-Covid levels from H2 FY22 onwards with positive same store sales growth (FY22 gross revenue: Rs 2900 crore).

Zara India reported strong topline growth of 61% YoY (115% of pre-Covid levels) despite muted store additions.

Click on the attachment to read the full report:

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