Source: ETRetail.com, Oct 07, 2019
The Indian unit of the world’s second biggest clothing chain posted sales of Rs 1,237.7 crore last fiscal, compared to Rs 893 crore a year ago, according to financials sourced from Veratech Intelligence.
Net profit jumped 29% to Rs 45 crore. The brand had opened its first India store in October 2015, competing mainly with Spanish chain Zara, which entered India five years earlier in 2010. Inditex Trent, which runs Zara stores in India, saw its revenue rise 17% to Rs 1,438 crore in 2018-19 with net profit of Rs 71 crore. Read the rest of this entry »