The group, whose other brands include youth label Bershka and the upmarket Massimo Dutti, will also move into new markets such as Australia and South Africa this fiscal year, as well as launching online Zara stores in both Japan and the United States.
"Our priority remains to focus our growth in Europe and Asia," said Inditex chief executive Pablo Isa, who took over the post in July from Amancio Ortega, the group's founder and Spain's richest man.
"We see India as a relevant source of growth for Inditex in the medium term," he added.
"Asia should continue gaining around three percentage points per year in terms of its contribution to sales"
The company posted a 15pc increase in fourth-quarter net profit rising €553m for the three months ending Jan 31 from €483m a year earlier while like-for-like sales rose by 3pc for the year, up from being flat in 2009.
Shares in the company rallied 5.3pc in midday trading on an otherwise flat Madrid stock market.
Inditex also said it plans to pay a dividend of €1.60 a share, up 33pc from a year earlier.
Source: The Telegraph