Zara India posts loss of Rs 41 cr in FY21; revenue down 28 pc to Rs 1,126 cr, Retail News, ET Retail

New Delhi: Spain’s Inditex, which owns luxurious trend brand Zara, posted a decline of Rs 41 crore in India for the fiscal yr ended March 31, 2021. Its profits also declined by 28.three for every cent to Rs one,126 crore during the pandemic-hit 2020-21.

The firm had reported a revenue just after tax of Rs 104.05 crore and a profits of Rs one,570.54 crore in the fiscal yr 2019-twenty.

Zara operates in India via the affiliation of its dad or mum Spanish garments firm Inditex with the Tata team organization Trent Ltd – Inditex Trent Retail India Personal Limited (ITRIPL). The Inditex team of Spain owns fifty one for every cent although Trent has 49 for every cent.

“In the course of the yr underneath overview, the Zara entity recorded revenues of Rs one,126 crore and decline just after tax of Rs 41 crore,” explained the most recent once-a-year report

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