Mumbai: Trent Ltd’s value apparel format Zudio opened a record 203 new stores during fiscal 2024, while entering 46 new cities during the year taking the total number of stores to 545, the retailer said. “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 FY24.
"The capital employed for a new Zudio store is in the region of 3 crore to 4 crore including cap-ex, deposits and inventory," the annual report said. In FY24, Zudio entered 46 cities and added more presence in 48 cities. Also read: Zudio grew its footprint by 203 stores in the last financial year and is now more accessible than ever before with a growing density of presence in multiple micro markets, the retailer said.
For the full year, the company that operates a portfolio of retail formats in India such as reported consolidated revenues of 12,375.11 crore. It recorded a profit of 1,477.
46 crore for the 12 months ended 31 March 2024. The company operates 811 stores across 178 cities. Zudio operates in the value segment and focusses on younger shoppers.
As of March 2024, Zudio had 545 stores across 164 cities, including stores co-located with Star supermarket. Following the success of Trent’s Zudio, the value retail segment has seen entries of national retailers such as Yousta (Reliance Retail), Style-Up (ABFRL), and InTune (Sh.
