Without rivals like Miguel Indurain, Arantxa Sánchez Vicario, Rafa Nadal, Mireia Belmonte, or Severiano Ballesteros pushing them, the team found motivation to grow and win on its own terms. The same thing seems to apply to Inditex. The entity no longer battles external foes; its fiercest opponent is often itself. Striving to improve every quarter has yielded results that surpass the previous period, a trend that has continued since the end of the pandemic. The A Coruña multinational today released its figures for the second financial quarter (May 1 to July 31), confirming the first half of the year as a whole. The period marked a record with five consecutive growths.
Inditex, the company founded by Amancio Ortega, posted its strongest quarterly figures in both revenue and profit in the first fiscal quarter. It followed that momentum into the second quarter, with solid results in both sales and collections that summer. The group again surpassed analysts’ expectations. In the second quarter, invoices reached 9.24 billion euros, up 21.4 percent. The company achieved a quarterly revenue milestone above 9,000 million euros for the second time in its history, the first time being in the last quarter of the previous year when sales exceeded 9,500 units.
With these figures, Inditex closed the first half with historic revenue of 16.851 billion euros, while profit reached 2.513 billion euros, up 40.5 percent from the prior period. Historically strong performance came despite broader economic headwinds, as inflation, raw material costs, and the war in Ukraine did not derail the half-year results. The second half of the year is expected to follow the same trajectory, maintaining a record-breaking pace that has defined the company since before the Covid period.
As in previous cycles, the results presentation included a preview of the initial five weeks of the forthcoming period, covering its third fiscal quarter (August through October). In both physical stores and online, turnover rose by 14 percent, underscoring a resilient omnichannel approach that continues to drive growth across markets.
The multinational reported 17.724 billion euros in revenue and 2.336 billion euros in profit in the second half of 2022, a peak period driven by the Christmas campaign. If the company reproduces these figures in the second half of the current year and combines them with the first-half results, it could push total turnover past the 34 billion euro mark by year-end—a milestone not seen before. Profit, potentially surpassing 4.8 billion euros, would exceed the prior year’s figure by a substantial margin. If prevailing conditions hold, the company could approach 5 billion euros in profit for the first time in its history.
Results this semester highlight the strength of Inditex’s talent pool and the sustained improvements in the business model. A permanent commitment to creativity, quality products, and customer experience, coupled with a forward-looking sustainability agenda, remains at the core of the company’s strategy. In discussing the outlook, Óscar García Maceiras, the CEO, emphasized that a clear path is being forged to elevate the entire business model to a higher level. The remarks reflect a broader confidence in shaping the next phase of growth across the organization, reinforcing the belief that the company’s framework is built to endure and scale over time.