Inditex profits and revenues continue to grow

The world’s biggest fashion retail company Inditex has reported growing revenues and profits in its third quarter results.

In the nine months to October 31, the owner of Zara and Bershka posted net sales of £15.83 billion, up 10 per cent from £12.96 billion a year prior.

Profits also jumped nine per cent to £9.08 billion, while gross margins hit 57.4 per cent.

Meanwhile, EBIT grew six per cent to £2.64 billion.

This was driven by continued global expansion for the retail giant, opening 212 stores including 60 Zara stores, 13 Pull & Bear stores and 30 Stradivarius stores and bringing its total to 7504 across 52 markets.

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