Fabindia vs Tata Group: Revenue, Profit and Business Model
Fabindia reported ~$141.5M of revenue in FY2025 and — of net income. Tata Group reported $185B of revenue in FY2026 and — of net income.
Latest financial snapshot
Fabindia
- Latest revenue
- ~$141.5M (FY2025)
- Net income
- —
- Net margin
- 0.0%
- Revenue growth
- -4.2% a year, FY2020–FY2025
Tata Group
- Latest revenue
- $185B (FY2026)
- Net income
- —
- Net margin
- 0.0%
- Revenue growth
- +7.2% a year, FY2023–FY2026
Financial summary
Fabindia
Fabindia was consistently profitable for two decades before the pandemic: consolidated sales reached ~$175 million (₹1,508 crore) in FY20 with EBITDA of ~$33.5 million (₹289 crore) and net profit of ~$12.1 million (₹104 crore). Store closures in FY21 cut revenue 30% to ~$123 million (₹1,059 crore) and produced a ~$13.5 million (₹116 crore) loss, its first in over 20 years. Revenue recovered 29% to ~$161 million (₹1,392 crore) in FY22 while the loss narrowed to ~$4.52 million (₹39 crore). The company filed for an IPO in January 2022 and withdrew it in February 2023. In January 2024 it agreed to sell its roughly 64% holding in Organic India to Tata Consumer Products (enterprise value ~$220 million (₹1,900 crore)). For FY25, PrivateCircle data shows ~$142 million (₹1,220 crore) of product sales.
Tata Group
Tata Group does not publish one audited consolidated account; instead Tata Sons reports the aggregate of group companies. For FY26 (year to 31 March 2026) that aggregate revenue was ₹16,24,030 crore (about $185 billion), up 7.8%, and aggregate profit after tax was ~$19.8 billion (₹1,70,525 crore), up 51.9%. Chairman N. Chandrasekaran wrote that revenue was 2.1 times and profit 5.4 times their FY20 levels. Tata Sons itself posted standalone revenue of ~$4.91 billion (₹42,367 crore) (+9.1%) and net profit of ~$3.71 billion (₹31,961 crore) (+21.8%), helped by investment gains, and ended FY26 with 343 subsidiaries. Group businesses in aviation, semiconductors, batteries and digital commerce together still lose close to ~$3.48 billion (₹30,000 crore) a year, with Air India alone losing ~$2.58 billion (₹22,238 crore). The 26 listed Tata companies had a combined market value of about ₹24.4 lakh crore (~$275 billion) on 30 September 2026, down from roughly $313 billion (₹27 lakh crore) in mid-August.
Revenue and profit by year
Fabindia
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2025 | ~$141.5M | — | 0.0% | — | Source |
| FY2022 | ~$161.5M | ~-$4.5M | -2.8% | +31.4% | Source |
| FY2021 | ~$122.9M | ~-$13.5M | -10.9% | -29.7% | Source |
| FY2020 | ~$174.9M | ~$12.1M | 6.9% | — | Source |
Tata Group
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2026 | $185B | — | 0.0% | +2.8% | Source |
| FY2025 | $180B | — | 0.0% | +9.1% | Source |
| FY2024 | $165B | — | 0.0% | +10.0% | Source |
| FY2023 | $150B | — | 0.0% | — | Source |
Where the revenue comes from
Fabindia
- Garments (ethnic and fusion apparel)75.6%
Kurtas, saris, tunics, Nehru jackets and kidswear; ~$107 million (₹922 crore) of FY25 product sales.
- Home & living (linen, furniture, curtains, rugs)13.7%
Table, bed and bath linen, furniture, curtains, floor coverings and upholstery fabrics.
- Body care & organic foods3.7%
Fabessentials personal care (2.36%) and organic food staples (1.38%).
- Miscellaneous (accessories, gifting, other)6.9%
Jewellery, footwear, gifting and other products totalling ~$9.8 million (₹84.5 crore) in FY25.
Tata Group
- Information Technology & Digital Services (TCS, Tata Elxsi, Tata Technologies)
Largest profit and dividend contributor
IT consulting, cloud, AI and engineering services for global enterprises.
- Automotive (Tata Motors commercial and passenger vehicles, Jaguar Land Rover)
Among the largest revenue contributors
Trucks and buses, passenger cars and EVs in India, and Range Rover, Defender and Jaguar vehicles globally.
- Materials (Tata Steel, Tata Chemicals)
Major, cyclical contributor
Steel in India, the UK and the Netherlands, plus soda ash and specialty chemicals.
- Consumer & Retail (Titan, Trent, Tata Consumer Products, Croma, BigBasket)
Fast-growing segment
Tanishq jewellery, watches, Zudio and Westside fashion, Tata Tea, Tata Salt and packaged food.
- Infrastructure, Power & Telecom (Tata Power, Tata Projects, Tata Communications)
Regulated and contract revenue
Power generation and distribution, renewables, EV charging, construction and enterprise network services.
- Aviation, Hospitality & Financial Services (Air India, IHCL, Tata Capital)
Mixed: IHCL and Tata Capital profitable, Air India loss-making
Passenger airline operations, Taj and other hotels, and consumer and commercial lending.
- Electronics & Semiconductors (Tata Electronics)
Early-stage
iPhone assembly and components today, with the Dholera fab and Assam packaging plant under construction.
Business model and strategy
Fabindia
How it makes money
Fabindia operates a highly complex, vertically integrated 'Social Enterprise' retail model. They are not just a clothing brand; they are a large supply chain aggregator. They work directly with tens of thousands of rural artisans across India, providing them with design direction, quality control, and guaranteed large purchase orders.
Growth strategy
Fabindia's growth strategy has three parts. First, refresh the range for younger shoppers with lighter, contemporary silhouettes while keeping handloom and block-print craft at the core. Second, grow beyond apparel through home furnishings, furniture and Fabessentials body care, which together were about 17% of FY25 product sales.
Competitive advantage
Fabindia's absolute competitive advantage is its large, deeply entrenched, and highly ethical supply chain, combined with an unassailable brand aura of 'authenticity'. It took decades of painful, boots-on-the-ground work to organize thousands of independent rural weavers into a reliable, large corporate supply chain.
Tata Group
How it makes money
Tata Group makes money through its operating companies, while holding company Tata Sons earns mainly dividends, brand-licence fees and investment gains from them. In FY26 Tata Sons reported standalone revenue of ~$4.91 billion (₹42,367 crore) and net profit of ~$3.71 billion (₹31,961 crore), with TCS as its largest dividend source.
Growth strategy
Tata Group's growth plan has four main pillars. Semiconductors: Tata Electronics is building a roughly $10.6 billion (₹91,000 crore) wafer fab in Dholera, Gujarat, with Taiwan's PSMC as technology partner, plus a chip assembly and test plant in Jagiroad, Assam. EV batteries: Agratas is building cell gigafactories in Sanand, Gujarat and Somerset, UK.
Competitive advantage
Tata Group's competitive advantage is fortified by four strong institutional, financial, and societal moats: First, leading institutional trust and brand equity: 'Tata' is synonymous with uncompromising ethics, nation-building, and reliability in India for 158 years, creating an automatic premium in customer trust.
Questions about Fabindia vs Tata Group
Which company has higher revenue — Fabindia or Tata Group?
Fabindia reported ~$141.5M (FY2025), while Tata Group reported $185.0B (FY2026). By last reported revenue, Tata Group is the larger business, with Fabindia reporting a smaller revenue base. Note: these are from different fiscal years and are not a direct like-for-like comparison.
What is the market cap of Fabindia vs Tata Group?
Tata Group has a market capitalisation of $275.0B. A public market cap figure for Fabindia was not available (it may be privately held).
Which is more financially efficient — Fabindia or Tata Group?
Fabindia generates $34k / employee in revenue per employee, while Tata Group generates $185k / employee. Tata Group shows higher revenue efficiency per headcount, though this reflects business model differences — capital-light software companies routinely outperform labour-intensive manufacturers on this metric.
How do Fabindia and Tata Group make money?
Fabindia and Tata Group generate revenue in fundamentally different ways. Fabindia: Fabindia operates a highly complex, vertically integrated 'Social Enterprise' retail model. Tata Group: Tata Group makes money through its operating companies, while holding company Tata Sons earns mainly dividends, brand-licence fees and investment gains from them.
Is Fabindia bigger than Tata Group?
By last reported revenue, Tata Group ($185.0B (FY2026)) is the larger company compared to Fabindia (~$141.5M (FY2025)). Revenue scale is one dimension of size — market capitalisation, employee count, and geographic reach are also relevant depending on the context.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Fabindia vs Tata Group overview