Zara India posts weakest year since pandemic as profit drops 32%
Zara India revenue slipped 1.2% to ₹2,749 cr in FY26 with profit down 32%, its softest showing since the pandemic. Parent Trent grew 18.2% to ₹19,701 cr on Zudio strength, while sister brand Massimo Dutti jumped 28% to ₹128 cr. Fast-fashion competition is biting the premium end.
What happened
Zara India's revenue fell 1.2% to ₹2,749 cr and profit dropped 32% in FY26, its weakest showing since pandemic, as competition intensifies. Parent Trent grew
Key facts
- revenue ₹2,749 cr (-1.2%)
- profit -32%
- Trent revenue ₹19,701 cr (+18.2%)
- Ebit ₹2,341 cr
- 1,286 stores
- 22 Zara stores
- Massimo Dutti revenue ₹128 cr (+28%)
Why this matters
The Zara-Zudio divergence within Trent's portfolio highlights M&A and partnership opportunities in the value fast-fashion tier, while premium apparel assets may see softer multiples.