Companies

Inditex sales growth accelerates

Dec 5, 2025 Spain

The Spanish owner of brands such as Zara and Massimo Dutti has reported accelerated sales growth in the third quarter of the year, emphasising its strong start to the final quarter of 2025

“In 9M2025, Inditex continued with a robust operating performance. The creativity of our teams, the fully integrated business model and our diversification are key engines for this strong execution”, the statement reads.

In the first nine months of 2025, the group’s sales increased by 2.7% to reach 28.2 billion euros, on a comparable basis with the same period last year – there was satisfactory development in both stores and online. In constant currency, sales grew by 6.2%.

In the third quarter alone, sales increased by 4.9%, or by 8.4% on a constant currency basis, as compared to the same quarter in 2024, reaching 9.8 billion euros.

Inditex’s gross profit increased by 3.2% in the first nine months to 16.8 billion euros, on a comparable basis to the same period of the previous year, lifting the gross margin by 27 basis points to 59.7%. In the third quarter alone, gross profit increased by 6.2% to 6.1 billion euros, with the margin rising by 79 basis points to 62.2%.

The fashion group highlighted that all expense lines showed favourable evolution, with operating expenses growing by 2.4%, which was 29 basis points below sales growth.

In the first nine months of this year, Inditex reported an EBITDA of 8.3 billion euros, up 4.2% year-on-year, and an EBIT of 5.9 billion euros, up 4.8% year-on-year. Meanwhile, profit before taxes increased by 3.6% to 6.0 billion euros, with a PBT margin of 21.2%, while net income rose by 3.9% to 4.6 billion euros.

Fourth Quarter Update

The sales growth acceleration trend was also visible at the start of the fourth quarter. Between the 1^st of November and the 1^st of December 2025, store and online sales in constant currency increased by 10.6%, as compared to the same period in 2024.

Image Credits: fashiongonerogue.com

Spain Companies Fashion Inditex Quarter Results Results