Richemont delivered a strong start to its 2026/27 financial year, reporting first-quarter sales of €6.33 billion for the three months ended 30 June 2026, up 20% at constant exchange rates and 17% at actual exchange rates, as robust demand for its luxury jewellery maisons continued to offset a volatile macroeconomic environment.
The luxury goods group recorded growth across all regions, distribution channels and business areas, with its Jewellery Maisons remaining the key growth engine.
The group’s jewellery division, which includes Cartier, Van Cleef & Arpels, Buccellati and Vhernier, posted a 24% increase in sales at constant exchange rates, marking its seventh consecutive quarter of double-digit growth. Both jewellery and watch collections contributed to the performance, supported by continued product innovation and strong consumer demand.
Richemont’s Specialist Watchmakers division reported an 8% increase in sales, reflecting sequential improvement led by brands including Vacheron Constantin, Jaeger-LeCoultre and A. Lange & Söhne. The group’s Other business area, which includes Fashion & Accessories Maisons, recorded 9% growth.
Regionally, the Americas delivered the strongest performance with sales rising 27% at constant exchange rates, followed by Japan at 36%, Asia Pacific at 21%, and Europe at 11%. The Middle East & Africa returned to growth with a 3% increase, as strong local demand helped offset weaker tourist spending amid regional geopolitical tensions.
Retail remained Richemont’s largest sales channel, accounting for 71% of group revenue, with sales increasing 24%. Online retail grew 18%, while wholesale and royalty income rose 9%.
The company said demand remained primarily driven by local clientele across markets, although Europe also benefited from higher tourist spending, particularly from North American and Middle Eastern visitors. In Asia Pacific, strong performances in China, Hong Kong, Macau, South Korea and Taiwan supported growth, while Japan benefited from both domestic demand and tourism.
Despite continued macroeconomic uncertainty, geopolitical tensions and elevated raw material costs, Richemont said it would continue investing in its maisons to support long-term growth.