Trent pivots beyond apparel: beauty, footwear, innerwear hit ₹4,015 cr, ~20% of FY26 revenue
Tata's Trent is recasting Westside and Zudio as destinations for beauty, footwear and innerwear, with the trio contributing ~₹4,015 cr in FY26 (+17% YoY). Beauty volumes scaled from 5M to 86M units since FY22 (103% CAGR). The bet comes as Zara India revenue slipped 1.2% to ₹2,749 cr and profit fell 32%, with Trent trimming its Inditex JV stakes.
What happened
Trent is positioning beauty, footwear and innerwear as destination categories beyond apparel, with these segments contributing ~20% of FY26 revenue (₹4,015 cr,
Key facts
- FY26 beauty+footwear+innerwear revenue ~₹4,015 cr
- FY25 ~₹3,427 cr (+17%)
- Beauty volumes 5M to 86M units (FY22-FY26, 103% CAGR)
- Innerwear 6M to 58M units
- Footwear 5M to 29M units
- India BPC market ₹2.4 tn to ₹3.8 tn by FY30
- Footwear ₹1.04 tn to ₹1.6 tn
- Innerwear ₹84,000 cr to ₹1.3 tn
- Zara India revenue ₹2,749 cr (-1.2%)
- Zara profit ₹204 cr (-32%)
- Trent stake in Inditex Trent cut 49% to 34.94%
- Massimo Dutti JV 49% to 20%
Why this matters
Trent's stake trim in the Inditex JV alongside its category expansion signals a strategic reallocation of capital toward owned, higher-margin verticals—watch for tuck-in beauty or footwear brand acquisitions to accelerate the flywheel.
Also reported by
- Mint — Same time