Trent’s revenue grow to Rs 82.13 billion in fiscal 2023
In the fiscal year 2023, Trent revenues grew to Rs 82.13 billion while its profit after tax rose to Rs 5.55 billion. Boasting a remarkable 25.6 per cent compound annual growth rate (CAGR) over the last five years, along with a commendable dividend payout of 20 per cent, this growth trajectory reflects the exceptional leadership of Venkatesalu P, CEO and Executive Director.
Under the dynamic leadership of Venkatesalu P, Trent has experienced an impressive market capitalisation of Rs 1.45 trillion. His strategic prowess has propelled Trent to achieve substantial growth in both revenue and net profit, solidifying its position as a powerhouse in the retail sector.
Trent's retail portfolio comprises a diverse range of brands and concepts in the fashion and lifestyle space, including Westside, Zudio, Utsa, Misbu, and Samoh.
As a testament to Venkat's adept execution of innovative concepts that deliver value to stakeholders, analysts' subsequent reports have confirmed the resounding success of Trent's retail brands with Zudio shining brightly as a beacon of affordable fast fashion
Zudio has excelled not just in offering a compelling customer value proposition, but also swiftly launching trendy collections, leveraging robust customer insights, implementing vertical integration to streamline the product creation life cycle, establishing a robust retail brand within a relatively short period and creating a competitive advantage through offline stores in an e-commerce-driven landscape.
