World's largest fashion retailer and owner of brands like Zara, Pull&Bear, and Massimo Dutti, Inditex reported its highest-ever profits in 2023. The retailer’s net profit surged by 30 per cent from the previous year’s €4.1 billion to €5.4 billion this year. This remarkable achievement was attributed to robust sales and the company's strategy of implementing price hikes.

Oscar Garcia Maceiras, attributes this rise in profit to the company's ability to capitalise on growth opportunities while maintaining profitability. During the year, Inditex’s sales grew by 10.4 per cent to €35.9 billion. 

Inditex's stellar performance translated into impressive stock market gains, with its shares surging more than 40 per cent over the past year to reach €40. This surge in share value boosted the company's market capitalisation to over €127 billion.