Zara India FY26 profit tumbles 32% to Rs 204 cr; Trent trims ITRIPL stake to 20%
Zara India's FY26 net profit fell 31.9% to Rs 204.14 cr as revenue slipped 1.1% to Rs 2,749.28 cr, per Trent's annual report. Trent cut its ITRIPL stake to 20% via buyback amid rising competition from H&M and UNIQLO. Massimo Dutti JV bucked the trend with 28% revenue growth to Rs 128.45 cr.
What happened
Zara India's FY26 profit dropped 31.9% to Rs 204 cr and revenue slipped 1.1% to Rs 2,749 cr, per Trent's annual report. Trent cut its ITRIPL stake to 20% via
Key facts
- profit Rs 204.14 cr (-31.9%)
- revenue Rs 2,749.28 cr (-1.1%)
- 22 stores
- Trent stake cut to 20%
- Massimo Dutti revenue Rs 128.45 cr (+27.97%)
Why this matters
The Inditex-Trent recalibration opens a window to court alternative Indian partners or accelerate owned-brand fast-fashion plays as the incumbent JV economics visibly weaken.