Industry forecasts were proven right as Inditex shattered its own records again. The Galician textile giant reported a 2023 net profit of 5.381 billion euros, up 30.3 percent from 2022, setting a new all-time high for the company. Under the leadership of Marta Ortega, the chairwoman from A Coruña, Inditex closed the year with total revenue of 35.947 billion euros, reflecting a 10.4 percent year-over-year rise. These figures mark a new milestone for a business renowned for its relentless growth and global footprint across fashion retail.
These are among the key record-breaking highlights from the second year of Marta Ortega’s tenure as president and from Inditex’s comprehensive 2023 results balance sheet. Ortega’s ascent has been closely watched by investors and analysts who track how the group combines design, supply chain efficiency, and scale to sustain profitability.
Operational profitability showed strong momentum as EBITDA increased by 13.9 percent to 9.850 billion euros, while EBIT rose by 23.4 percent to 6.809 billion euros. Profit before tax advanced by 28.2 percent, reaching 6.870 billion euros. The trajectory underscores how cost discipline, optimization of store networks, and selective expansion contribute to improved margins even amid shifting consumer dynamics in the fashion sector.
Analysts note that Inditex’s 2023 results reflect strategic investments in growth initiatives and a focus on long-term shareholder value. Management emphasized ongoing plans to invest in new stores, digital capabilities, and supply chain resilience as part of a broader effort to sustain growth and profitability. Observers also highlight the company’s commitment to returning value to shareholders through its earnings profile and capital allocation decisions as a key feature of the year’s performance. As the results were communicated, executives pointed to the teamwork across the organization as a decisive factor in capturing opportunities and maintaining a robust financial position for the future, with the aim of continuing to reward investors while funding future expansion [Source: Inditex Annual Report 2023].