Fashion retailer Zara posts 13.4% drop in FY19 profit in India

July 02, 2019 |
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Lifestyle
Fashion retailer Zara posts 13.4% drop in FY19 profit in India

Zara has reported a 13.43% drop in its profit after tax (PAT) in the Indian market to Rs 71.49 crore in FY 2018-19.

Inditex Trent Retail India Private Ltd (ITRIPL), which is engaged in the operation of Zara stores in the country, had posted a PAT of Rs 82.59 crore in FY 2017-18, however, ITRIPL had reported an increase of 17.69% in its total revenue of Rs 1,437.87 crore for the period under review.

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