Zara owner Inditex profits and sales jump

Zara owner Inditex enjoyed a strong FY24 as it posted a 10% increase in pre-tax profit to £6.39bn (€7.6bn) in the year to 31 January, up from £5.79bn (€6.9bn).

Sales for the Spanish fashion giant jumped 10.5% in currency-neutral terms to £32.5bn (€38.6bn), which it attributed to a positive performance across all its fashion brands.

The group, which owns Massimo Dutti, Stradivarius and Bershka, said its collections had been well received by customers, helping to push its sales and profits to “historic highs”.

Online revenue surged 12% to £8.59bn (€10.2bn), while store revenue was up 5.9%, which Inditex said had been achieved through 2% more commercial space and 2.3% less stores than the year before.

Inditex chief executive Oscar García Maceiras said: “The excellent sales and profit figures show the solidity of the Inditex Group’s profitable growth, based on the quality of the commercial offer of all our formats, the efficiency in all operations and the constant innovation with which our teams drive a business model that continues to show its ambition and strength 50 years after the opening of our first store.”

Looking ahead, Inditex said it had a “strong commitment to profitable growth” after net profit for 2024 grew 9% to £4.97bn (€5.9bn.)

The group said its spring/ summer 2025 collections had been well received by customers, with store and online sales up 4% between 1 February and 10 March.

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