Trent Limited has informed the Exchange about Investor Presentation
18th June 2025
Listing Department The National Stock Exchange of India Limited Exchange Plaza, Bandra-Kurla Complex, Bandra (East), Mumbai 400051 Symbol: TRENT
Listing Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 Scrip Code: 500251
Sub: Investors’ Presentation for the Investor and Analysts Meet
Dear Sir / Madam,
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 and 11th June 2025, we enclose herewith the presentation for the Investor and Analysts Meeting to be held today. The said presentation is available on the Company’s website.
in continuation
to our
letter dated
This is for your information and records.
Thanking you,
Yours faithfully, For Trent Limited
Krupa Anandpara Company Secretary Membership No.: A16536
TRENT
18th June 2025
1
General Economic Backdrop and Industry Outlook
Indian Retail Sector
~$1 Tn 2025
~$2.2 Tn 2034P
Retail market
• FY25 was a relatively challenging year for retail in India. Multiple headwinds, including inflation, impacted discretionary spends.
• India's economy, however, remains resilient, standing out among large economies.
• A young population, urbanization, and digital proliferation drive dynamic consumption.
• A heterogenous and geographically
diverse market presents both challenges and opportunities.
Fashion and lifestyle market
• Transforming with evolving consumer preferences, global access
and digitalization
• Poised to grow at 10-12% CAGR to ₹18 lakh crore by 2028
• Channel diversity including omnichannel retailing are gaining
traction
• Consumer expectations prioritize value, convenience, and
experience, favoring brands with strong trust equity and agility
Food and Grocery Retail
• Driven by demand for packaged food, health-conscious
consumption, and modern trade expansion
• Premiumization is emerging, with consumers willing to pay for
convenience, quality, and wellness attributes
• Market opportunity for organized trade continues to expand
Source: Industry Reports/internal analysis Note: Lifestyle market comprises fashion, beauty & personal care and related adjacencies
2
Trent’s journey
Conceived
1998
JV 2014
2019
2024
1998
2016
2023
2024
3
Lifestyle Fashion
Store (#)
Revenue (Rs Cr)
1043
811
590
445
17,624
12,669
8,213
267
317
152
90
1,405
2,218
3,408
2,174
4,128
FY15
FY18
FY20
FY21
FY22
FY23
FY24
FY25
FY15
FY18
FY20
FY21
FY22
FY23
FY24
FY25
FY25 at a glance
Financial Performance
Operational Performance
Stakeholders
₹17,624 Cr. Sales (incl. GST)
₹2,077 Cr. PBT (before exceptional items)
₹1,822 Cr. Operating EBIT
1043 No. of stores#
295 Stores added in FY25#
27,800+ Core employees
100 Mn+ Customers served
₹44.58 EPS
13 Mn+ sq.ft Retail area
3 Mn+ sq.ft Area added in FY25
470+ Supplier partners
1200+ CSR beneficiaries
37.2% Operating RoCE*
30.6% Operating RoE*
242 Cities covered^
64 Cities added in FY25^
4,05,000+ Shareholders
*Operating ROE and ROCE % excludes exceptional items and IndAS impact #Includes 2 stores in Dubai, UAE ^Includes 1 city in UAE (i.e., Dubai)
5
Playout
Sales (incl. GST) (₹ Crore)
17,624
PBT (before exceptional items) (₹ Crore)
2,077
39% CAGR (FY20 to FY25)
12,669
53% CAGR (FY20 to FY25)
8,213
4,128
2,174
FY21
FY22
FY23
FY24
FY25
(66)
FY21
1,330
711
336
EPS (₹ Per Share)
44.58
28.951
15.60
59% CAGR (FY20 to FY25)
7.02
(1.44)
FY22
FY23
FY24
FY25
FY21
FY22
FY23
FY24
FY25
Gross Fixed Assets (₹ Crore)
2,696
22% CAGR (FY20 to FY25)
1,011
1,128
1,786
1,392
Operating ROE* (%)
30.6
27.8
19.2
11.3
Operating ROCE* (%)
37.2
32.7
22.3
13.8
(0.5)
(0.3)
FY21
FY22
FY23
FY24
FY25
FY21
FY22
FY23
FY24
FY25
FY21
FY22
FY23
FY24
FY25
1Before exceptional items *Operating ROE and ROCE % excludes exceptional items and IndAS impact
6
Strategic pointers
Straddling fashion landscape
Portfolio of brands
Differentia tion vis-à-vis global players
Young
Leading
Class but mass
Offspring brands
Diversity of customers
Exclusive brands that come alive
Repeat consumption
Attractive growth spaces
Scalable | quick reach
Striking value
Lifestyle experience
Alliances
India anchored
DIFFERENTIATED
FRONT
INTEGRATED
BACK
Store
Location
Value
Price
Density
Neighbourhood
Store-size
Market
Categories
Choices
Playbook
Disciplines
Format
Customer
SKUs
Ambience
Assortment
Product
Quality
Entirely own branded
Direct to consumer
11
Expanding presence across markets
We are expanding into markets across India, including Tier 2 and Tier 3 locations, while strengthening our presence in metro/Tier 1 cities
86 Cities
248 Stores
235 Cities*
765 Stores^
10 Cities
78 Stores
248
232
214
200
174
352
233
133
765
545
70
63
66
60
78
FY21
FY22
FY23
FY24
FY25
FY21
FY22
FY23
FY24
FY25
FY21
FY22
FY23
FY24
FY25
Includes Shop in Shop stores within Star stores
Star stores are in Trent Hypermarket Pvt. Ltd. and Fiora Hypermarket Ltd.
13 Cities
20 Stores
4 Cities
5 Stores
4 Cities
5 Stores
*Includes 1 city in UAE (i.e., Dubai) ^Includes 2 stores in Dubai, UAE
12
Evolving store portfolio in terms of the look & feel and aesthetics
13
Evolving store portfolio in terms of the look & feel and aesthetics
14
Store Portfolio
• Heterogeneity
• Micro market view
• Density
• Share
• Property market context
• Retention flexibility
LOOKING FOR MORE FASHION ?
WESTSIDE.COM
Food & grocery – Star
General Merchandise & Apparel, 32%
Fresh, 18%
Staples, 26%
FMCG, 24%
My STAR App
Our Own Brands
Branded staples and fresh products
General merchandise
% Own Brand Share: 73%
Packaged food and beverages
Disposables and room fresheners
Cleaning -aids and home care products
Fashion & Lifestyle
Personal care products
Pooja products
17
Building on the Trent playbook
73%
67%
55%
41%
41%
45%
73% Own Branded
FABSTA KLIA SKYE
FRESH
SMARTLE
Completely Organic
Customer connect – Zudio
21
Technology and automation
RFID
Warehouse Automation
Fashion forward
• Visibility of inventory • Handling efficiencies • Relevant availability
• • •
Boosting throughput Improving space utilization Time and cost efficiencies
Increasingly leveraging data analytics and AI for tracking trends and delivering fashion
SAP RISE
POS
RFID
DATA LAKE
TMS
PLM
AI
22
Emerging categories
Beauty
Innerwear
149% CAGR (FY21 to FY25)
81
92% CAGR (FY21 to FY25)
50
73% CAGR (FY21 to FY25)
Includes Westside and Zudio; Units sold in millions
Footwear
27
19
49
22
34
17
2
5
4
6
11
5
3
FY21
FY22
FY23
FY24
FY25
FY21
FY22
FY23
FY24
FY25
FY21
FY22
FY23
FY24
FY25
23
24
Sustainability strategy
Three Pillars
• Resource Efficient:
─ Energy conservation, renewable sources of energy, packaging waste reduction and management practices
• Responsible by Design:
─ Selection of materials, development of
suppliers, design of supply chain networks and processes
• People Conscious:
─ Prioritizing the well-being and growth of our
own employees and communities
Trent has maintained "B-" in the CDP (Carbon Disclosure Program) - Climate Change 2024 evaluation. The rating signifies that Trent is conscious about the environmental impacts and is taking appropriate actions.
25
Sustainability goals and progress
Pillar
Material topics
Goals upto FY27
Progress so far
• Responsible Resource
• Replace the use of fossil fuel-based
Consumption
• Packaging and Waste Management
• Climate Crisis and Energy
Management
• Sustainable Products and Services
energy with renewable energy by 50% of intensity per sq. ft. and reduce consumption by 10% per sq. ft.
• Zero usage of non-recyclable
packaging materials in the value chain.
• We have installed Internet of Things (IoT) in 390+ stores, which will help in uniform customer experience and establishing a baseline. We have also installed DX inverter ACs in 490 stores.
• 20%+ of our waste is traceable and processed, marking an important
milestone towards achieving 100% waste recycling by 2028.
• We are also transitioning to durable, reusable totes, replacing
cardboard cartons for transit between Distribution Centres and stores.
Resource Efficient
• Sustainable Products and Services
• Transparent and Ethical Business
Conduct
• Supply Chain Sustainability and
Responsible by Design
Transparency
• Uniform adoption of the Trent Vendor Code of Conduct (VCoC) across all merchandise vendors and value chain
• All merchandise vendors are to be
assessed on SEDEX SMETA 4-pillars
• 98%+ of our merchandise suppliers have adopted the Trent VCoC.
• 90%+ of our product suppliers (by value) are compliant with SMETA 4-
pillar standards
• Talent/Workforce Management
•
Improving Employee Well-being Index
• Ongoing positive feedback on employee engagement indicators,
• Human Rights
• Employee Health, Well-being and
Safety
• Diversity, Equity, Inclusion (DEI)
People Conscious
• Community Development
•
Infectious Diseases
supported by the initiative of integrating a Human Rights Framework with all the stakeholders, i.e. employees and value chain partners
26
Enriching lives through our CSR programs
Inspired by the Tata Group’s founding philosophy of giving back to society, we strive to empower our communities by broadening opportunities for them that contribute to long-term societal transformation.
In partnership with the Salaam Bombay Foundation, we support the skills@school programme, offering training in diverse fields like Beauty & Wellness, Mobile Repair, Robotics, and Fashion Design, aligned with NSQF standards. This project has supported 363 students from Mumbai and Pune, including financial literacy training.
Employ -ability
Education
Entrepre- neurship
Karigar Clinic helps skilled craftswomen start sustainable businesses, increasing their income by 50% through training and market linkages. The "Crafting a Better Planet" initiative aims to empower 1,125 women in Kutch to upcycle 1.2 million plastic bags into unique products over the next three years
Partner with the Karta Initiative India Foundation to support 50 Trent Scholars from economically and socially backward communities, helping them pursue higher education
Supports the 'Nanhi Kali' project with K.C. Mahindra Education Trust, aiding 300 girls from low-income families in Mumbai to complete formal schooling and develop 21st century skills.
27
28
Looking ahead
Brands
Categories
Geographies
Culture
Relevance
Outlook
AGILE. SCALE. DESIRABLE.
• Consumer market context
•
Investing ahead of the curve- talent & technology
• Emphasis on sustainability & resilience
• Strong headroom for growth
Thank you
For any queries, please email to: investor.relations@trent-tata.com
Copyright 2025 Trent Limited. All rights reserved. Reproduction in whole or in part without written permission is strictly prohibited.