Noel Tata Says Trent Can Become 10 Times Larger As Westside And Zudio Expand Aggressively

Trent, which runs fashion chains Westside and Zudio, is laying out a plan for sharp expansion as Tata group chairman Noel N Tata reiterates a goal of making the retailer ten times larger on revenues, with profits moving in step, a target described as achievable in the "not-so-distant future".

The Tata Group retail company has already seen its revenue and profitability pace rise more than 2.5 times since the 2023 shareholders' meeting, and Noel Tata said Trent remains at an early stage of its journey despite quick expansion, pointing to further Trent growth from both new stores and stronger brand positioning.

Trent growth strategy and brand roadmap

In Trent's latest annual report, Noel Tata outlined that Trent growth plans centre on creating clear, distinctive brand offers across categories, while also pushing to take its own labels beyond India, with management expecting future scale to come from a mix of domestic network expansion and international sales.

Explaining the longer-term ambition, Noel Tata wrote that Trent growth would stay anchored in well-defined customer propositions, saying he had earlier imagined the company becoming ten times its current size on revenue, with profitability rising in line, and stressed that recent performance trends supported this ambition.

Trent growth through store expansion and global plans

Store additions continue to drive Trent growth on the ground; during the March quarter, the company opened 109 Zudio outlets and 22 Westside stores, taking its total network to 1,286 locations, which included 963 Zudio stores and 300 Westside outlets across India at the end of the period.

On the international side of Trent growth, Noel Tata said, "it would be enormously satisfying to build brands from India that achieve relevance across international markets," adding that the company should aim to earn meaningful revenue overseas, in line with India's wider push to raise value-added exports.

Trent growth reflected in Q4 FY26 results

Recent financials underline Trent growth momentum, with the Q4 FY26 results showing a strong performance as EBITDA rose 42.3 percent year-on-year to Rs 927.8 crore, net profit increased 32.5 percent to Rs 413 crore, and revenue for the quarter climbed 19.2 percent to Rs 5,028 crore.

The key Q4 FY26 numbers that highlight Trent growth are set out below.

Noel Tata summed up the progress of Trent growth by stating, "Tata Group retail firm Trent remains in the early phase of its growth journey despite rapid expansion in recent years," and added, "Since then (2023 shareholders' meeting), the revenue and profitability run rate have grown by over 2.5 times. Given all this, I am confident that we will reach the milestone I had referenced in the not-so-distant future."

Trent growth prospects were reviewed within the wider Tata Group context during a board meeting at Bombay House on May 26, a session lasting over five hours that ended without any formal decision but concentrated on the long-term direction of major group companies and on turnaround and consolidation plans for several unlisted and loss-making businesses.