Richemont Reports 11% Annual Growth for Fiscal Year Ending March 2026
Richemont reported an 11% increase in sales at constant exchange rates for the fiscal year ending March 2026, reaching EUR 22.4 billion, with profit rising 27% to EUR 3.5 billion. The strong performance was driven primarily by its jewellery maisons, especially Cartier and Van Cleef & Arpels, which together generated EUR 16.5 billion in sales, up 14% at constant rates. Specialist watchmakers saw a modest decline of 4% at actual rates but remained stable at constant rates, while overall Swiss watch exports fell 1.7% to CHF 25.5 billion. Geographically, sales growth was broad‑based, led by the Americas with an 8% rise at actual rates and 17% at constant rates, followed by the Middle East & Africa, Europe, and the Asia‑Pacific region. Distribution channels all posted gains, including a 12% increase in retail, 8% in online sales, and 9% in wholesale and royalty income. The company also announced the divestiture of Baume & Mercier to the Damiani Group.
Buying Time Analysis: Richemont's solid 11% annual growth demonstrates the resilience and strength of its luxury jewellery and watch segments, highlighting market leadership and a positive outlook for the luxury goods industry.
