Richemont Reports 11% Sales Growth for the 2025/26 Financial Year
Luxury goods group Richemont has reported sales growth for the financial year ending in March 2026. At constant exchange rates, sales increased by 11%, while growth at actual exchange rates reached 5%.
Total sales for the year amounted to €22.4 billion. Profit from continuing operations reached €3.5 billion, representing a 27% increase compared with the previous financial year.
The positive momentum continued into the fourth quarter, where sales grew by 13% at constant exchange rates despite challenging market conditions.
Cartier and Van Cleef & Arpels Drive Growth
The main driver of growth was Richemont's Jewellery Maisons division, which includes Cartier and Van Cleef & Arpels.
Sales in the jewellery segment reached €16.5 billion. At constant exchange rates, the division recorded growth of 14%, while sales increased by 8% at actual exchange rates.
Watch Brands Deliver More Modest Results
Richemont's watchmaking division generated sales of €3.1 billion during the financial year.
At actual exchange rates, this represented a decline of 4% compared with the previous year. At constant exchange rates, the division recorded a slight increase.
Performance improved during the second half of the year, with brands including A. Lange & Söhne, Jaeger-LeCoultre and Vacheron Constantin reporting stronger results.
Americas Lead Regional Growth
Among Richemont's geographic markets, the Americas delivered the strongest growth.
Sales in North and South America increased by 8% at actual exchange rates and by 17% at constant exchange rates.
The Middle East and Africa also recorded growth, with sales rising by 6% at actual exchange rates and 13% at constant exchange rates.
Europe and Asia Continue to Expand
European sales increased by 7% at actual exchange rates and by 9% at constant exchange rates.
In the Asia-Pacific region, sales rose by 1% at actual exchange rates and by 8% at constant exchange rates. Richemont also highlighted moderate growth in China, Hong Kong and Macau when measured using constant exchange rates.
Growth Across All Distribution Channels
Richemont reported positive performance across all major distribution channels.
Online sales increased by 12%, while wholesale sales and royalty income rose by 8% and 9% respectively.
Leave a comment