Inditex grows in Q1: revenues at 8.75 billion and net profit at 1.38 billion
The group of Zara and Bershka reported growth in sales of 5.8% and net profit of 5.4%. In May, sales rose by 11.5%
by Mo.D.
Key points
Over EUR 10.8 billion net cash, growing margins and profit above EUR 1.3 billion. Inditex ended the first quarter of 2026 with revenues of EUR 8.75 billion and a net profit of EUR 1.375 billion, while the gross margin rose to 61.2 per cent of sales. In the period between 1 February and 30 April, the Spanish clothing group, owner of the brands Zara, Bershka, Pull&Bear, Massimo Dutti and Stradivarius, among others, reported a 5.8% growth in sales compared to the same period last year. The Spring/Summer collections supported the business trend, with sales increasing by 8.8% at constant exchange rates. Sales stood at EUR 8.75 billion, compared to EUR 8.27 billion in Q1 2025.
The Inditex share has been negative 6.5 per cent on the Madrid Stock Exchange since the beginning of the year.
Improving profitability
Gross margin grew by 6.9% to EUR 5.36 billion in the period. The gross margin stood at 61.2%, up 67 basis points from 60.6% in the same period last year.
On the operational front, operating expenses increased by 6.4%. EBITDA reached EUR 2.57 billion, up 7.3% from EUR 2.39 billion in Q1 2025, with a margin of 29.3% compared to 28.9% a year earlier.
Ebit stood at EUR 1.76 billion, up 7% from EUR 1.64 billion in the same period of 2025. The operating margin rose to 20.1% from 19.8%. Profit before tax (Pbt) grew by 5.5% to EUR 1.76 billion, with a margin of 20.1%.
