Inditex shares Surge Despite Modest First-Half Results, Fueled by Strong Q3 Start
Madrid, Spain - September 10, 2025 – Shares in inditex, the Spanish fashion giant and parent company of Zara, jumped 7.1% to €45.68 on the madrid Stock Exchange Wednesday,despite reporting first-half results that slightly missed analyst expectations. The positive market reaction stems from a reported 9% increase in sales between August 1st and September 8th, signaling a strong start to the third quarter.
Inditex reported a net profit of €2.79 billion (2.61 billion Swiss francs) for the first half of 2025, a 0.8% increase year-over-year. Turnover reached €18.36 billion, up 1.62%. While these figures represent continued profitability, they fell slightly short of the €18.53 billion turnover and €2.82 billion profit anticipated by analysts surveyed by FOTSET.
“we again achieved a solid performance during this first half of 2025, with satisfactory sales in a complex market environment and by maintaining high profitability levels,” stated Inditex General Director Óscar García Maceiras in a press release.
The slower growth follows a trend observed in the first quarter of the 2025 fiscal year, marking the lowest sales increase (1.5%) since 2018, excluding pandemic-affected years.Profit growth of 0.8% was also the lowest in a decade, again excluding 2020 and 2021.
However, the strong performance of fall/winter collections and the recent sales surge have instilled confidence. “The fall/winter collections were very well received by our customers,” Inditex reported.
Analysts at XTB España noted the market’s positive response, stating, “In general, we believe that the results were bad, but the market reacts very positively to this growth figure, as it implies a return to the growth rates to which Inditex had accustomed us.”
All of Inditex’s brands – Zara, Pull & Bear, Bershka, Stradivarius, and Oysho – experienced sales growth in the first half, with the exception of Massimo Dutti.
inditex plans to invest approximately €1.8 billion during the 2025 financial year, with a focus on logistical expansion. The company’s two-year investment program allocates €900 million annually to increase logistics capacity in both 2024 and 2025. inditex also emphasized its commitment to store optimization and sustainability as key drivers of long-term growth.
