Richemont Accelerates Growth Thanks to Its Jewelry Business
In the first quarter of the current fiscal year (ended June 30, 2026), the luxury goods group generated revenue of 6.3 billion euros. This represents a 20 percent increase at constant exchange rates.
The strong results, which exceeded analysts’ expectations, were driven primarily by Richemont’s jewelry brands—Buccellati, Cartier, Van Cleef & Arpels, and Vhernier—which increased their revenue by 24 percent.
Growth in the specialty watch brands segment was eight percent, with Vacheron Constantin, Jaeger-LeCoultre, and A. Lange & Söhne standing out in particular.
The “Other” division, which includes the fashion and accessories brands, among others, grew by 9 percent.
The U.S. and Japan are experiencing particularly strong growth
Business also performed well on a regional basis. Driven by strong local demand, Richemont posted revenue growth in all regions. At constant exchange rates, revenue rose 27 percent in the Americas, 21 percent in the Asia-Pacific region, 36 percent in Japan, and 11 percent in Europe. The Middle East & Africa region also returned to growth with an increase of three percent.
In Europe, revenue rose by 11 percent at constant exchange rates, following double-digit growth in the same quarter of the previous year. This was driven by strong demand from local customers as well as spending by international tourists, particularly from North America and the Middle East. The key growth drivers included France, the United Kingdom, and Germany.
