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The plan will involve upgrading or consolidating smaller footprint stores with newer stores in more attractive micro markets, the company said in a post earnings statement.
“While store expansion is a key growth lever for us, maintaining the quality and physical asthetics of stores and ensuring consistent customer experience is equally an important objective,” the Trent statement said.
The company has not specified the potential capex it may have to incur as part of this upgradation plan.During the December quarter, Trent opened 14 new Westside and 62 Zudio stores across 46 cities. As of December 31, Trent had 238 Westside, 635 Zudio and 34 stores across other lifestyle concepts as part of its portfolio.
Trent reported its December quarter results on Thursday, which were in-line with already subdued expectations. Margins remained flat, while revenue and profit growth were as per what the street was anticipating.
Shares of Trent have seen a sharp fall post the results, ending 8.4% lower at ₹5,269. The stock had already corrected 30% from its peak.
First Published: Feb 6, 2025 2:56 PM IS
