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Zara’s PAT from India grows by 45.54 per cent

  

Zara’s India partner Trent revealed profit after tax (PAT) of Spain's luxury fashion brand from the Indian market grew 45.54 per cent in FY 2020 to Rs 104.05 crore. In the previous fiscal, the brand had posted a profit after tax (PAT) of Rs 71.49 crore. Besides, Zara posted a 9.24 per cent growth in its sales to Rs 1,570.54 crore during the year as against Rs 1,437.87 crore of the previous fiscal. The brand operates in India through the association of its parent Spanish clothing company Inditex with the Tata Group firm Trent. It has two separate associations with Trent - one to operate Zara stores and the other for Massimo Dutti stores in India.

During the year, the Zara recorded revenue of Rs 1,570.54 crore and PAT of Rs 104.05 crore. The brand had 22 stores operational in 12 cities as on March 31, 2020. It is required to source merchandise only from the Inditex Group and also the choice of product and related specifications are at the latter's discretion.

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