Inditex’s First-Half Sales Rise 7.6% to €19.8 Billion as Gross Margin Expands

The company’s results filing shows gross profit of €11.596 billion and a gross margin of 58.7%, compared with 58.3% a year earlier. Net income reached €2.980 billion, up from €2.791 billion. The figures put both revenue growth and merchandise profitability in focus.

Operating profit rose to €3.843 billion from €3.572 billion, while the operating margin remained at 19.5%. EBITDA was €5.513 billion, compared with €5.114 billion. That combination shows a larger business delivering a similar operating-profit share of sales, alongside the improvement in gross margin.

Chief Executive Officer Óscar García Maceiras credited the capabilities of Inditex’s teams and emphasized flexibility and innovation in the company’s growth plans. Inditex said its priorities remain the fashion proposition, customer care, sustainability and the development of its teams.

The retail success is the connection between those priorities. Fashion collections need to reach customers through a coordinated store and digital offer, while service and execution support the experience around it. Inditex’s results provide a current measure of how that approach is translating into sales and profit…