Inditex Trent Retail India Pvt Ltd, which oversees Zara’s operations in India, disclosed a 32% drop in consolidated net profit to Rs 204.14 crore in the fiscal year 2026. Revenue from operations also fell by 1.17% to Rs 2,749.28 crore, as per Trent Ltd’s statement. The company had recorded a profit of Rs 299.84 crore and revenue of Rs 2,782.06 crore in the previous financial year.
Total income for the year amounted to Rs 2,767.75 crore for the financial year ending March 31, down from Rs 2,839.50 crore in the preceding year. Additionally, trade receivables surged by 50% to Rs 15.93 crore from Rs 10.58 crore in the prior year, as shown in the financial statement.
Trent expanded its retail presence during the year, boasting 1,286 stores across its portfolio, including operations in the UAE. The company added 289 new stores to its network. The joint venture ITRIPL, between Spain’s Inditex Group and Tata Group’s Trent Ltd, manages these operations.
Notably, Trent reduced its stake in ITRIPL through a buyback offer during the year. The company tendered 94,900 equity shares in the buyback, resulting in a 20% holding in ITRIPL. Inditex also collaborates with Trent in another joint venture, MDIPL, which operates Massimo Dutti stores in India.
