Mumbai, June 24 -- The company plans to add around 50 Westside stores annually, while continuing the rapid rollout of 200-250 Zudio stores every year. The company also expects to add 25-40 Star stores annually.

Management outlined an ambitious expansion plan, with Westside having the potential to grow to around 700 stores from roughly 300 currently. The larger opportunity lies in Zudio, which Trent believes could eventually support around 5,000 stores across India, compared with nearly 960 stores at present.

The company also indicated that both Westside and Zudio could eventually expand overseas, opening as additional growth avenue beyond the domestic market.

Meanwhile, Noel Tata, 69, announced that he will step down as the chairman of...