Spanish fashion giant Inditex Group, the parent company behind well-known brands like Zara, Bershka, and Massimo Dutti, revealed its financial results for the fiscal year 2024. The year, ending on 31st January 2025, marked a milestone with new “historic highs” in sales and profits, although growth slowed to a single-digit rate. Chairwoman Marta Ortega led the company to impressive results despite this deceleration in growth.
According to the company’s financial report, Inditex generated US $ 41.4 billion in sales in 2024, reflecting a 7.46 per cent increase from the US $ 38.5 billion recorded in 2023. Compared to pre-pandemic levels, this growth is even more significant, with a 36.57 per cent increase over the US $ 31.1 billion reported in 2019. Although sales reached a historic high, the growth rate was lower than the 10.37 per cent increase seen in the previous year.
In terms of profits, Inditex closed the year with a net profit of US $ 6.3 billion, an 8.93 per cent increase from the US $ 5.7 billion earned in 2023. Compared to 2019, this figure represents a 52.45 per cent rise over the US $ 3.9 billion profit reported in that year. While this marks a historic high in profitability, the growth rate was lower than the 30 per cent increase in net profit achieved in 2023.
Óscar García Maceiras, CEO of Inditex, attributed the strong performance to the company’s profitable growth, driven by the quality of its product offerings, operational efficiency, and ongoing innovation. He emphasised that these results demonstrate the continued strength and ambition of the business model as Inditex celebrates the 50th anniversary of its first store opening.
