Richemont Reports 17% Sales Growth in First Half of 2026
Richemont reported first-half fiscal 2026 sales of EUR 12.3 billion, up 17% at constant exchange rates and 16% at actual rates. Operating profit rose 33% at actual rates to EUR 3.1 billion. Jewellery Maisons, particularly Cartier and Van Cleef & Arpels, led growth with sales increasing 18% to EUR 9.1 billion. Specialist Watchmakers’ sales grew 10% at constant exchange rates, led by Vacheron Constantin, Jaeger-LeCoultre and A. Lange & Söhne. Sales increased across the USA, Europe, Asia-Pacific and Japan, while the Middle East and Africa declined 2%. Retail and online strength lifted direct-to-client sales to 78% of the total, up two percentage points year over year.
Buying Time Analysis: Richemont’s 17% sales growth and 33% rise in operating profit highlight strong luxury demand, led by jewellery, while watch sales also advanced across key Maisons.
