Trent plans Rs 800-crore expansion in 2024

Apparel maker Trent plans to expand its operations by investing around Rs 800 crore this year.

The company aims to capitalise on the consumers' move towards organised apparel retail. One of the company’s premium brand Zudio, has grown substantially over the last few years. The brand sells products priced below Rs 1,000 in Tier II and III cities. The brand’s operating profit grew by 136 per cent per annum over the past four years and currently contributes to 38 per cent of overall operating profit.

With 99 per cent of its stores being profitable, Trent has been able to maintain its store profits. The company directs competes against unorganised and various online retailers. Besides premium apparels, it also operates in the mid to low segments too.