Zara India’s FY26 Profit Drops 32% as Fashion Retailer Reports Weakest Performance Since Pandemic

Zara India reported its weakest financial performance since the COVID-19 pandemic in FY26, with both revenue and profit declining amid a challenging retail environment, as shared on social media. The fashion retailer, which operates in India through a joint venture between Spain’s Inditex and Tata Group’s retail arm Trent, saw its net profit fall nearly 32% year-on-year.

According to Trent’s latest annual report, Inditex Trent Retail India Private Ltd (ITRIPL), which operates Zara stores in the country, posted a total comprehensive income of Rs 204.08 crore for the financial year ended March 31, 2026, down from Rs 299.47 crore in the previous fiscal. Total income also slipped to Rs 2,767.75 crore from Rs 2,839.50 crore a year earlier.

Revenue from operations stood at Rs 2,782.06 crore, while profit declined sharply, reflecting a slowdown in the brand’s growth trajectory in India. The company currently operates 22 Zara stores across the country after closing its flagship standalone high-street outlet in Mumbai last year.