Why Indian conglomerates are chasing fast fashion
4/27/202621 min
In today's episode of The Daily Brief, we cover two major stories shaping the Indian economy and global markets:
00:04 Intro
00:38 India’s fast fashion race heats up
08:32 IMF flags rising global risks
19:59 Tidbits
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Transcript preview
First 90 secondsAkshara· Host0:00
[upbeat music] In today's episode, we'll break down two important stories. First, we'll talk about why Indian conglomerates are chasing fast fashion, and then we talk about the IMF having a grim outlook for the world. Welcome back to The Daily Brief by Zerodha, where we cut through the noise to help you understand what's actually happening in the most important stories from business and markets. If you're listening to this on your commute, on a walk, or at the gym, you can also find The Daily Brief as an audio podcast on Spotify, Apple Podcasts, or wherever you listen to your podcasts. I'm your host Akshara, and today is Monday, 27th April. Coming to the first story. So Trent, the Tata Group's retail arm, published its full year results last week. By March 31st, 2026, it was running 963 Zudio stores across India. So if you haven't been, Zudio sells T-shirts for rupees 399, jeans for under rupees 600, with 47 new cities entered in the last quarter alone, and 80% of new stores in Tier 2 and Tier 3 cities. Now, Tata is not alone here. Reliance launched Usta, where all products are priced below rupees 999 and most below rupees 499. ABFRL, the Aditya Birla fashion arm, launched Owned in September 2025, starting at rupees 399 and targeting Gen Z with 10,000 styles. And in April 2026, it hired a new CEO for it, Marco Agnolin, who previously ran Bershka and Diesel. So three of India's