As the curtains closed on 2024, Inditex, the renowned Spanish retail giant, proudly unveiled a new sales record, marking a 9% increase in net profit and a 7.5% rise in revenue, which soared to €38.632 million, up from €35.947 million in 2023. Meanwhile, sales at constant exchange rates experienced a remarkable 10.5% growth. Among its brands, Stradivarius stood out for its outstanding performance, achieving the highest growth rate and significantly boosting its online profits.
According to Oscar García Maceiras, Inditex’s CEO, “The excellent sales and profit figures demonstrate the solid, profitable growth of the Inditex Group, built on the quality of our commercial offering across all formats, operational efficiency, and the constant innovation driven by our teams, which continues to propel our business model forward with ambition and strength as we celebrate 50 years since the opening of our first store.” This sentiment was expressed in the company’s official statement.
Notably, online sales surged by 12%, reaching €10.163 million. The company also highlighted that its connection with customers remains strong, as evident from the increased usage of its app, now utilized by 218 million users. Online visits during the 2024 fiscal year grew by 10%, totaling 8.100 million, and the company boasts 257 million social media followers. The net profit saw a 9% increase, reaching €5.866 million, grounded in the solid growth of recent years. Additionally, the company achieved an operating result (EBITDA) of €10.728 million, representing an 8.9% growth, and the EBIT grew by 11%, to €7.554 million. The pre-tax profit increased by 10.3%, to €7.577 million.
The gross margin for Inditex stood at €22.343 million, a 7.6% increase from 2023, accounting for 57.8% of sales. The company maintained rigorous control over operating expenses, which rose by 6.5% compared to 2023, below the sales growth rate.
Stradivarius and Europe Reflect the Highest Growth
Zara, Inditex’s flagship brand, recorded a 6.6% growth in the 2024/25 fiscal year, nearing €27.800 million. This performance surpassed the global fashion market, which is estimated to have grown only 0.2% in 2024, reaffirming its leadership among consumers seeking the latest trends. Stradivarius led the pack with a 14.1% increase in revenue, closely followed by Bershka and Oysho, which grew by 11.8%. This robust performance is attributed to their lower market consolidation, store expansion, and strong appeal to Generation Z, thanks to their focus on trends and affordable prices. Pull&Bear also achieved a 6.6% growth, while Massimo Dutti had the weakest performance, with a 4.6% increase, affected by its formal fashion positioning.
In terms of regions, Europe (excluding Spain) led Inditex’s growth in 2024/25, increasing its share of the sales mix by 1.9 percentage points to 50.6%. Spain also showed a slight advance, with a 0.2 percentage point increase, reaching 15.1%. These figures reflect the brand’s strong presence and recognition on the continent, despite the challenging economic environment. On the other hand, the Americas and Asia/Rest of the world experienced declines of 1.0 and 1.2 percentage points in their sales mix, respectively. In North America, consumer demand remains moderate due to economic fragility, while in China, the largest economy in Asia, economic stagnation and the real estate crisis have impacted growth, favoring local brand consumption.
Positive Sales at the Start of 2025
The Spring/Summer collections, available to consumers since February 1, have received a positive reception. Between February 1 and March 10, 2025, in-store and online sales, adjusted for constant exchange rates and considering the leap year effect, increased by 4% compared to the same period in 2024. Furthermore, in the last commercial week, growth was even more notable, with a 7% increase in sales.
Additionally, the company shared its outlook for 2025, expecting the annual gross space growth rate for the 2025-26 period to be around 5%. Store optimization continues, and they expect this to generate higher store productivity. During the next year, they are planning investments aimed at generating efficiencies and increasing the Group’s competitive differentiation. They estimate ordinary investments of around €1.800 million in 2025, mainly dedicated to optimizing their commercial space, technological integration, and improving their online platforms.
Inditex’s logistical expansion plan for 2024 and 2025 is proceeding as planned. This two-year extraordinary investment program, focused on business expansion, allocates €900 million for each of the 2024 and 2025 fiscal years to increase logistical capacity. The objective of this logistical plan is to strengthen Inditex’s capabilities to tackle strong growth opportunities in the medium and long term on a global scale. These investments comply with the strictest sustainability standards and include the most advanced technology.
