In its offbeat financial year, which ended on 31 January, the low-cost fashion giant raked in €5.87bn in net profit. That’s 9% more than in 2023 (€5.38bn) and 42% more than in 2022 (€4.13bn), the years of the two previous records.

Chaired by Marta Ortega, daughter of multi-billionaire and Inditex founder Amancio Ortega, the group explains this strong growth by the dynamism of its sales, which reached €38.63bn, compared to €35.95bn in the previous financial year. More than 50% of sales were in Europe.

Whilst results were driven by Zara (€27.78bn), Stradivarius recorded a 14.1% year-on-year increase and is hot on the heels of Bershka (€2.9bn) and has now overtaken Pull&Bear (€2.47bn) and Massimo Dutti (€1.9bn).

The group also attributes this to its “rigorous” cost control policy, which has enabled it to improve profitability. The fashion giant, which employs 161,000 staff and operates 5,600 shops worldwide, has seen its gross margin rise from 8% to 58% of sales.

In light of its 2024 results, Inditex says it is optimistic about the months ahead, with sales having continued to grow at the start of the first quarter (+4% year-on-year between 1 February and 10 March), despite an environment marked by the high tensions generated by the rise in US tariffs.

This article was originally published in .