Trent's JVs grapple with bottom lines

Inditex Trent posted a jump of 21% in sales to Rs 1,023 cr in FY17 compared to Rs 842.5 cr in FY16

Net earnings of Tata-led Trent’s joint ventures with global brands could be a matter of concern for the company, despite a significant growth in their revenues.

Inditex Trent, a joint venture (JV) of Zara-owner Inditex and Trent, posted a jump of 21 per cent in sales to Rs 1,023 crore in 2016-17 (FY17) compared to Rs 842.5 crore in FY16. However, its profit after tax fell to Rs 48 crore in FY17, from Rs 80 crore in the year-ago period, according to Trent’s latest annual report. The JV runs 21 stores.

Zara, the Spanish retailer which opened its first store in India