Bengaluru: Trent Ltd reported a revenue increase of over fivefold in FY26, making it the fastest-growing company in Tata Sons' consumer and retail portfolio. The company’s revenue rose to ₹20,189 crore from ₹3,635 crore in FY20, significantly outpacing its peers, according to Tata Sons' FY26 annual report. Titan Co. Ltd, the largest consumer business by revenue, grew 4.2 times, while Tata Consumer Products Ltd (TCPL) and Voltas Ltd saw growth of 2.1 times and 1.8 times, respectively.
Zudio Brand Expansion
Trent's growth has been largely driven by its Zudio brand, which focuses on affordable fashion for middle-income consumers. The company plans to accelerate its expansion by opening up to 100 new Westside stores annually, targeting both new markets and increasing store density in existing locations. This strategy aims to capitalize on the rising demand for value apparel in a competitive market.
Tata Consumer Products Performance
In a separate report, Tata Consumer Products Ltd (TCPL) achieved a 47% year-on-year revenue growth in Q1FY27, reaching ₹1,314 crore. This segment now constitutes 36% of its India business, surpassing revenues from its traditional tea and salt segments. Growth businesses such as Tata Sampann and ready-to-drink products saw substantial increases, with Sampann growing by 58%. Despite challenges in its legacy segments, TCPL's management expects continued growth of 25-30% in its growth businesses over the medium term.
Related coverage: Tata Sons FY26 Profit Rises 22% to ₹31,961 Crore, Dividend.
Trent Ltd's strong performance highlights a shift towards value retailing, which could benefit the broader retail sector. TCPL's growth in its new segments may attract investor interest in consumer goods stocks, particularly in the FMCG sector, as companies adapt to changing consumer preferences. Watch for upcoming earnings reports from both Trent and TCPL to gauge the sustainability of this growth trajectory.