Published
Jul 9, 2018
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Zara net profit up 73 percent to Rs 83 crore

Published
Jul 9, 2018

Spanish brand Zara’s profit in India jumped 73 percent to Rs 83 crore (approx $12 million) for the financial year 2017-18 on the back of strong sales from its physical outlets in India. Zara had reported profit of Rs 48 crore in fiscal year 2016-17.
 

Zara net profit up 73 percent to Rs 83 crore - Zara - Facebook


Inditex Trent, the JV between Inditex and the Tata Group’s retail arm Trent, which runs Zara stores in India saw its revenue surge 19 percent to Rs 1222 crore, Trent said in its annual report to BSE. Trent had revenue of Rs 1023 crore in the previous year.
 
Inditex Trent is planning to expand the presence of Zara by opening stores in major cities across the country over the next four years. The company is currently on the lookout for high quality retail spaces which it feels will help boost sales turnover in the coming years, it said in the report.

Inditex group of Spain had partnered with Trent with a shareholding of 51% (Inditex) and 49% (Trent) for Zara’s India entry. The brand had entered the Indian market by opening its first physical outlet in 2010 in the national capital Delhi.
 
Zara currently operates 20 stores in Delhi, Mumbai, Bengaluru, Pune, Surat, Jaipur, Chandigarh, Chennai, Mohali, Hyderabad and Gurgaon. Zara is also available online in India through its portal, which was launched last year in October.
 

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