Zara India faces loss of Rs. 41 crore revenue down by 28%

Inditex, the Spain-based biggest fashion group in the world and owner of Zara brand, faced a loss of Rs. 41 crore in India for FY21. Its revenue also declined by 28.3 per cent to Rs. 1,126 crore in this fiscal.

In FY20, the fashion giant had reported a profit after tax of Rs. 104.05 crore and revenue of Rs. 1,570.54 crore.

Zara has 21 stores in 11 Indian cities, with H&M and UNIQLO being its main competitors.