Richemont achieved a 17% increase in sales during the first half of 2026, totaling €12.3 billion, with jewelry brands leading the growth. The watch division also showed positive results.
Richemont's Financial Performance in H1 2026
Swiss luxury giant Richemont reported its financial results for the first half of the fiscal year ending September 30, 2026. The group's sales reached €12.3 billion, representing a 17% increase over the previous year. When accounting for constant currency rates, the growth was 16%. The second quarter maintained a growth rate of 13%. Operating profit for the half-year was €3.1 billion, increasing by 33% in nominal terms and 38% at constant currency rates.
Jewelry Brands Drive Richemont's Growth
The main contributors to Richemont's positive performance were its jewelry brands, particularly Cartier and Van Cleef & Arpels. Their sales grew by 18% in the first six months, reaching €9.1 billion. This emphasizes the jewelry segment's role as the primary growth driver for the group.
How Did Richemont's Watch Division Perform?
The watch division of Richemont ended the half-year with €1.7 billion in sales, marking a 9% increase from the previous year. In constant currency terms, the growth was 10% for the half-year and 12% for the second quarter. Vacheron Constantin, Jaeger-LeCoultre, and A. Lange & Söhne were highlighted as leaders within this segment.
Regional Sales Growth for Richemont
Geographical analysis showed growth across most regions: 23% in the USA, 13% in Europe, 16% in the Asia-Pacific region, and 30% in Japan. However, sales in the Middle East and Africa decreased by 2% due to geopolitical factors.
Distribution Channel Performance in H1 2026
Sales growth was observed across all distribution channels in the first half of 2026. Retail and online sales performed exceptionally well, increasing the direct-to-client sales share to 78%, a 2 percentage point rise from the same period last year.
Richemont H1 2026 Specifications
| Specification | Value |
|---|---|
| Total Sales | €12.3 billion |
| Jewelry Sales | €9.1 billion |
| Watch Sales | €1.7 billion |
| Operating Profit | €3.1 billion |
Frequently Asked Questions
What were Richemont's total sales in H1 2026?
Richemont's total sales for the first half of 2026 were €12.3 billion, reflecting a 17% increase from the previous year.
Which segment led Richemont's growth in H1 2026?
The jewelry segment, including brands like Cartier and Van Cleef & Arpels, led Richemont's growth in H1 2026 with an 18% increase in sales.
How did Richemont's watch division perform in H1 2026?
The watch division of Richemont saw a 9% increase in sales, totaling €1.7 billion for the first half of 2026.