Home / Knowledge / News / Apparel/Garments / Inditex Group FY16 net sales climb 15.4%
Inditex Group FY16 net sales climb 15.4%
Mar '16
Courtesy: Inditex
Courtesy: Inditex
Net sales at Inditex Group, which has fashion brands like Zara in its portfolio, climbed 15.4 per cent year over year in the fiscal ended January 31, 2016.

In a press release, Inditex said its net sales increased 15.4 per cent in fiscal 2016 from a fiscal ago period to €20.90 billion, underpinned by growth in all of the group's geographic regions.

Net profit in the reporting period grew to €2.88 billion, up 15 per cent year on year and EBITDA also registered growth of 15 per cent to €4.70 billion.

“Like-for-like sales growth was 8.5 per cent in fiscal 2016 as against 5 per cent growth in the prior fiscal, with positive growth in all geographies and across all the formats,” the Spanish apparel marketer stated.

Group chairman, Pablo Isla said, “These figures demonstrate the group's potential, boosted by the quality and the commitment of all of its employees.”

In the fiscal under review, Inditex generated 15,800 new jobs, boosting its worldwide headcount from 137,054 a year earlier to 152,854.

“The pace of job creation in Spain, where 4,120 new jobs were created across stores, head offices and logistic platforms, was a particular highlight,” Inditex added in the press release.

The Group invested €1.52 billion in the fiscal, earmarking this capital expenditure to the group's growth and international expansion.

Inditex further added that in April, 78,000 group employees will receive payment for the first phase of the extraordinary profit-sharing plan.

In the fiscal, Inditex opened a net 330 stores in 56 markets, lifting its global network to 7,013 stores in 88 markets.

In the same fiscal, Inditex rolled out its online sales platform in Hong Kong, Taiwan, Macao and Australia and ended the fiscal with an online sales presence in 29 markets.

The board of directors will ask the company's shareholders to approve a €0.60 per share dividend, up 15.4 per cent over last fiscal, at the next annual general meeting. (AR)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search