Trent Ltd.’s value apparel brand Zudio added a record 203 new locations in fiscal 2024 and expanded into 46 new cities, bringing the total number of locations to 545, according to the retailer.
“During the year, Zudio added 203 new stores to its portfolio and consolidated 10 stores. With a store footprint of 10,000 sq.ft., the concept affords expansion across numerous micro-markets,” ,” Trent said in its annual report for the year FY ’24.
“The capital employed for a new Zudio store is in the region of Rs. 3 crore to Rs. 4 crore including cap-ex, deposits and inventory,” the annual report said. In FY ’24, Zudio entered 46 cities and added more presence in 48 cities.
According to the company, Zudio expanded by 203 locations in the most recent fiscal year and is now more accessible than ever thanks to an increasing density of presence in numerous micromarkets.
The company, which runs a number of retail formats in India, including Westside, Zara, and Star supermarket, recorded Rs. 12,375.11 crore in total revenue for the entire year. It generated a profit of Rs. 1,477.46 crore in the fiscal year that concluded on March 31, 2024. The company has 811 locations across 178 cities.
Zudio targets younger consumers and competes in the value market. Zudio operated 545 locations in 164 cities as of March 2024, including those that shared space with Star supermarket.
