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Zara stores in India reported a Rs 299.84 crore profit and Rs 2,782.06 crore revenue from operations in FY25, Inditex Trent Retail India Private Ltd (ITRIPL), which operates the Zara brand in India, said.

Its total income was Rs 2,767.75 crore for the financial year ended March 31, compared to Rs 2,839.50 crore a year ago.

ITRIPL is a JV between Spain’s Inditex, which owns luxury fashion brand Zara, and Tata Group’s retail arm Trent Ltd.

Zara, which competes with foreign brands like H&M and UNIQLO in India, currently operates 22 stores in the country.

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In FY26, Trent reduced its stake in ITRIPL in a buyback offer by ITRIPL.
“During the year under review, the company participated in the buyback offer made by ITRIPL and tendered 94,900 equity shares. Pursuant to the acceptance of the said offer, the company’s shareholding in ITRIPL stands at 20 per cent,” it said.Inditex group has another JV association with Trent, which operates Massimo Dutti stores in India. Massimo Dutti India Pvt Ltd (MDIPL) operates three stores in India.

Its revenue increased 27.97 per cent to Rs 128.45 crore in FY25 compared to Rs 100.37 crore in FY24.

The net profit rose 13.86 per cent to Rs 11.66 crore for the financial year ended March 2026.

Like ITRIPL, Tata group retail firm Trent has a 20 per cent stake in MDIPL.

ITRIPL and MDIPL source merchandise only from the Inditex Group, one of the world’s largest fashion retail groups, headquartered in Arteixo, Galicia, Spain, whose portfolio consists of several well-known brands, such as Zara, Massimo Dutti, Pull&Bear, Bershka, and Stradivarius, a women’s fashion brand.

Moreover, the choice of product and related specifications is Inditex’s discretion. Further, the entities are dependent on the Inditex group for permissions to use the said brands in India, subject to its terms and specifications, according to the latest annual report of Trent.

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In the past 24 hours, Bitcoin and Ethereum were up 0.1% and 0.4% respectively. Among the major altcoins, BNB, XRP, Solana, Dogecoin, Hyperliquid and Cardano gained up to 6% whereas Tron went down nearly 2%.

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Piyush Walke, Derivatives Research Analyst, Delta Exchange said institutional appetite for Bitcoin exposure appears to be cooling, with US-listed spot Bitcoin ETFs posting their longest run of net outflows since launch.

“After briefly touching $83,000 in May, Bitcoin failed to maintain momentum and quickly lost strength. The rejection created a bull trap, where buyers entered expecting a breakout only for the market to reverse sharply lower.”

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Bitcoin turned bearish on the daily chart after losing the $74,800 support, validating a lower-high, lower-low structure and Ethereum is trading under pressure around $2,000 following the loss of support at $2,040–$2,050, Walke said.
The global crypto market capitalisation went up 0.09% to $2.48 trillion, according to CoinMarketCap.
In the past week, Bitcoin fell 1% and Ethereum was up 0.1%. Among the major altcoins, BNB, XRP, Solana, Dogecoin, Hyperliquid gained upto 20.11% whereas Tron and Cardano were down 5% and 1% respectively.
WazirX market’s desk said Bitcoin moved lower through the week, easing from around $77,004 to nearly $73,091, while holding the key $73,000 to $75,000 support zone. Although short-term technicals remained cautious, ETF inflows, long-term holder accumulation, and falling exchange reserves supported Bitcoin’s broader market structure.

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It further said that Ethereum also faced pressure, slipping from around $2,096 to nearly $1,998. However, its long-term narrative was strengthened through scaling developments, clear signing, proposed native private transactions, and record-high staked ETH, reflecting confidence in Ethereum’s proof-of-stake ecosystem.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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