Luxury Fashion Brand Zara Registers a Whopping 45.5% Increase in FY20 Profit

Okay, with all the doom and gloom stories abounding in the post covid world, there is some good news from the luxury fashion segment. The very famous and extremely loved Spanish luxury fashion retailer Zara has registered an amazing 45.54 percent increase in its profit after tax to Rs 104.05 crore from the Indian market in 2020 financial year. This was disclosed in its yearly report by Trent Ltd. which happens to be Zara's local partner in India.

As a matter of fact Zara's 2019 financial year profit after tax stood at Rs 71.49 crore confirming this delightful growth in profit.

Apart from this positive achievement, Zara has also registered a healthy 9.24 percent increase in sales to Rs 1,570.54 crore during the 2020 financial year in comparison to Rs 1,437.87 crore of the 2019 financial year, according to sources.

As a matter of knowledge the global luxury fashion retailer Zara functions in India through the cooperation of its head Spanish clothing company Inditex with the Tata group firm Trent Ltd. The cooperation has been divided into two different associations with Trent – the first is used run Zara stores and the other one is meant for Massimo Dutti stores across India.