Zara sees India profits rise 23% in FY25
Global fashion brand Zara recorded a 23% increase in its India profits for the 2025 financial year, even as revenue remained largely flat, with total income rising by 2.26%.
Revenue from operations for Inditex Trent Retail India Private Ltd (ITRIPL), the joint venture that runs Zara stores in India, stood at Rs 2,782.06 crore, up slightly from Rs 2,768.90 crore the previous year, the Press Trust of India reported. The business' profit rose to Rs 299.47 crore in the 2025 financial year, up from Rs 243.84 crore in the 2024 fiscal, according to Trent Ltd's latest annual report.
Total income, including other income, rose by 2.26% to Rs 2,839.50 crore in the 2025 financial year. ITRIPL is a joint venture between Spain's Inditex and Tata Group's retail arm, Trent Ltd. In the 2025 financial year, Trent reduced its shareholding in ITRIPL from 49% to 34.94% through a buyback offer by the joint venture. Zara currently operates 22 stores across 13 Indian cities, down from 23 stores in the previous year.
Trent also holds a stake in Massimo Dutti India Pvt Ltd (MDIPL), another joint venture with Inditex. MDIPL's revenue fell marginally by 0.7% to Rs 100.37 crore. Trent reduced its stake in MDIPL to 20% in March 2025. Both ITRIPL and MDIPL operate under sourcing agreements with the Inditex Group and are responsible for the distribution of Zara and Massimo Dutti products in India.
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