Inditex Posts Record FY2024 Results, Setting New Benchmarks in Sales, Sustainability, and Customer Engagement
March 12, 2025
Inditex, the global fashion retail giant, has announced exceptional financial results for FY2024, reaffirming its leadership and adaptability in a rapidly evolving market. Underpinned by strong operational performance, innovative product offerings, and a steadfast commitment to sustainability, the Group has achieved historic highs in sales, profits, and overall growth.
The Group reported an outstanding €38.6 billion in total sales, a 7.5% year-on-year growth, with constant currency sales rising by 10.5%. Both physical stores and online channels contributed significantly to this success. Online sales, in particular, saw a notable 12% increase, reaching €10.2 billion and reflecting Inditex’s seamless integration of digital and in-store experiences. Gross profit rose to €22.3 billion, representing a 7.6% increase and a robust gross margin of 57.8%.
Net income reached €5.9 billion, reflecting a 9% growth compared to the previous year, while the Group’s net cash position grew to €11.5 billion, underscoring its financial resilience. The Board of Directors has proposed a 9% increase in dividends, raising them to €1.68 per share, with payments scheduled for May 2 and November 3, 2025.
Inditex continued to expand its global footprint, entering Uzbekistan for the first time and bringing its store count to 5,563 across 47 markets. In FY2024, the Group achieved significant store optimization, with 257 new openings, 254 refurbishments, and 121 enlargements. Remarkably, these initiatives led to a 5.9% increase in store sales, demonstrating the efficacy of Inditex’s retail strategy despite operating 2.3% fewer stores compared to 2023.
Customer engagement remained a hallmark of Inditex’s success. Active app users reached an impressive 218 million, while online visits surged by 10% to 8.1 billion. The Group also maintained a strong presence on social media, amassing 257 million followers across various platforms.
Sustainability remained a central focus for the Group. By the end of 2024, 73% of the textile fibers used in manufacturing were lower-impact fibers, and 39% consisted of recycled materials. Inditex’s Sustainability Innovation Hub, spearheading over 30 pilot programs, continued to invest in groundbreaking solutions, including textile-to-textile recycling technologies and partnerships with startups like Infinited Fiber, Galy, and Epoch. The Group also achieved a 5% reduction in Scope 1, 2, and 3 greenhouse gas emissions compared to 2018, aligning with its long-term sustainability goals.
Looking forward, Inditex plans to invest €1.8 billion in 2025 to enhance commercial spaces, integrate cutting-edge technology, and further develop its online platforms. Logistics capabilities will also be expanded, supported by an extraordinary two-year investment program allocating €900 million annually. These strategic initiatives aim to drive sustained growth, strengthen the customer experience, and elevate Inditex’s market presence.
The Spring/Summer 2025 collections have already been met with enthusiastic customer response. Between February 1 and March 10, 2025, store and online sales in local currency grew by 4%, reflecting the continued appeal of Inditex’s offerings.
Inditex’s FY2024 performance underscores its resilience, creativity, and commitment to driving innovation and sustainability in the fashion industry. As the Group looks ahead, its focus remains firmly on profitable growth, customer-centric strategies, and its unwavering dedication to a more sustainable future.
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