Trent Limited is an India-based company engaged in the business of retailing and trading of merchandise, specifically apparels, footwear, accessories, toys, games, food, grocery, and non-food products through various retail formats and concepts. The company is part of the Tata Group and is based in Mumbai, having started operations in 1998 with fashion and lifestyle retail formats such as Westside, Zudio, and Utsa.
The company maintains strong ties with the Tata Group, which holds approximately 37% stake (with Tata Sons Pvt Ltd holding 32.45%) as of March 2024. Trent is headquartered in Mumbai, Maharashtra, India. The company was founded in 1998 and is headquartered in Mumbai, India.
Trent operates through multiple retail formats including Westside, Zudio, Utsa, StarHypermarket, Landmark, Misbu/Xcite, Booker Wholesale, and ZARA retail formats. Its flagship format Westside offers apparel, footwear, and accessories for men, women, and children, along with furnishings, decor, and home accessories.
The company's family entertainment format Landmark offers toys, front-list books, and sports merchandise, while its value retail format Zudio caters to apparels and footwear for men, women, and children, and its modern Indian lifestyle format Utsa offers ethnic apparel, beauty products, and accessories. The company's hypermarket and supermarket store chain operates under the Star Market concept, offering an assortment of products including staples, beverages, health, and beauty products.
The company also runs retail chains like Star Bazaar and Zara through joint ventures. In 2024, the company began operating internationally with the opening of a Zudio store in Dubai.
The company was originally incorporated as Lakme Limited on December 5, 1952, operating in the business of manufacturing, sale, and export of cosmetics, toiletries, and perfumery products until 1998, when Lakme decided to divest from its cosmetics business and pursue the field of apparel retailing. In 1998, the Tatas sold their 50% stake in Lakmé Cosmetics to Hindustan Lever for ₹200 Crore and created Trent with the proceeds, with Simone Tata, the chairperson of Lakmé, heading Trent.
The company began operations in 1998 after acquiring the only store of Littlewoods in Bangalore and renaming it "Westside". Trent operated only Westside stores until 2004, when it opened its first Star Bazaar hypermarket in Ahmedabad, and in 2005, acquired a 76% controlling stake in Landmark Bookstores, completing 100% acquisition in April 2008.
In 2009, Trent and Inditex established a 49:51 joint venture to run Zara stores in India, and two years later, entered a similar agreement to open Massimo Dutti stores in India. In 2014, Tesco acquired a 50% stake in Star Bazaar for £85 million, and after the joint venture establishment, Star Bazaar started supermarket format Star Market and small convenience store format Star Daily.
In 2023, the company started its occasionwear chain, Samoh. After the COVID-19 outbreak, Trent repositioned Landmark Bookstores as a beauty and accessories retailer called Misbu.
As of the latest available data, Trent Limited has a market capitalization of ₹1,93,954 Crore. The company reported revenue of ₹17,135 Crore and profit of ₹1,534 Crore, with promoter holding at 37.0%. As of March 31, 2025, Trent had a trailing 12-month revenue of $2 billion.
For Q4 FY2025, the company's financial performance showed specific trends:
- Revenue jumped 7.48% year-over-year to ₹4,291.28 Crore.
- Net profit fell 54.82% year-over-year to ₹318.15 Crore.
- Net profit margin fell 57.97% year-over-year to 7.41%.
Trent's Q2 FY25 consolidated performance underscores its market leadership and growth trajectory amidst challenging conditions, with robust contributions from Westside, Zudio, and Star Market positioning the company to drive further growth through innovation and strategic expansion. The company employs 27,887 total employees.
At Trent, the company is guided by values of Integrity, Unity, Responsibility, Pioneering, and Excellence, priding itself on inclusive culture and team spirit with priorities including sustainable agenda, product experience, supply chain innovation, and socially responsible sourcing.
The company continues to expand its footprint across India while maintaining its focus on customer-centric retail formats and sustainable business practices, positioning itself as a leading player in India's organized retail sector.
