Zudio is a value fashion apparel brand under Trent Ltd., part of the Tata Group.
By the end of fiscal year 2024, Zudio had about 545 stores in ~164 cities.
In fiscal 2025, store count rose to ~765 stores spread across ~235 cities.
In FY 2025, Zudio crossed revenue of USD 1 billion.
The parent company, Trent, recorded strong revenue growth and solid profit numbers, largely driven by Zudio’s expansion.
In FY 2024, approximately 203 new Zudio stores were opened; about 10 existing stores were consolidated.
The brand entered ~46 new cities in that year and increased its presence in many existing ones.
Each new store generally ranges between ₹3-4 crore investment (covering capital expenditure, inventory, deposits, etc.).
Store sizes are large format, roughly 7,000-12,000 square feet, often around 10,000 square feet.
Targets younger, price-sensitive shoppers looking for trendy apparel at affordable price points.
Sourcing for the merchandise is largely domestic — this helps in faster turnaround, flexibility, and lower lead times.
Emphasis is on expanding physical presence (brick-and-mortar in many cities, including smaller/micro-markets).
Lifestyle and non-apparel categories (e.g. cosmetics, accessories etc.) are growing parts of the overall mix. In FY25, non-apparel / lifestyle contributed significantly (over 20%) to revenue.
Though top-line (revenue) growth is strong, margins are tighter because of the low-price model and higher operational costs (real estate, rentals, inventory).
Same-store sales growth (sales growth from existing stores) has shown slower growth in some periods compared to growth from opening new stores.
Increasing contribution of low-margin product segments (because of price points, discounting, and the kind of products sold) puts pressure on profitability.