Multinational Inditex, owner of brands such as Zara and Massimo Dutti, achieved record net profits of €1.305 billion in the first fiscal quarter, up 0.8% on the same period last year, the company announced.

In a statement sent to the Spanish stock market regulator (CNMV), the company said that sales in the first fiscal quarter (February to April) grew 1.5% to €8.274 billion, and gross profit (EBITDA) grew 1% to €2.393 billion.

The gross margin (difference between revenue and expenses) grew 1.5% to €5.011 billion, reaching 60.6%, four basis points less than in the first quarter of 2024.

Between February and April, Inditex opened stores in 26 markets, with 5,562 stores in operation at the end of the first quarter.

The multinational is celebrating 50 years since Zara, its main brand, opened its first store on Juan Flórez Street in A Coruña. This establishment is still open and has recently been renovated.

According to the financial statements presented, constant revenues grew 6% compared to the same period last year.

Inditex will move forward with changes in its top management team, as José Arnau, the company's vice president and close collaborator of founder Amancio Ortega, will leave the Board of Directors at the end of his term on 15 July.