Revenues at Inditex rise by 37% to €19.3 billion in 9-month period

Inditex Group, the owner of Spanish retail bigwigs like Zara, Bershka and Massimo Dutti, has witnessed its revenue surge by 37 per cent to €19.3 billion in the 9-month period that ended 31 October 2021.

The e-commerce sales of the Group saw a year-on-year (Y-o-Y) growth of 28 per cent in the same period; however, the rise was a whopping 124 per cent when compared to the same period 2 years back.

The Group expects e-commerce sales to account for over 25 per cent of total revenue in 2021.

Stating about profits, Inditex’s net profits rose by 273 per cent Y-o-Y to €2.5 billion in the same period. EBITDA, notably, rose by 63 per cent Y-o-Y to €5.43 billion.

As on 31 October 2021, the Group had a net cash of €9.57 billion – all thanks to strong cash generation capacity.

Zara specialises in fast fashion, and products like apparels, accessories, shoes, swimwear, beauty and perfumes. It is the largest company in the Inditex group.

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