Richemont's Strong Advance Amid Challenges: 11% Annual Sales Increase for 2025/26 Year

Geneva-based luxury goods group, Richemont, has showed their resilience and strength in the face of challenges as they reported a solid 11% increase in their 2025/26 annual sales, bringing the figures up to EUR 22.4 billion. In spite of tough prevailing market conditions, their profit for continuing operations soared to EUR 3.5 billion, marking an uplift of a staggering 27%.

Fourth quarter trend echoed the robust performance of the year with sales going up 13% at constant exchange rates. The buoyancy mainly drove its impetus from its Jewellery Maisons, specifically, Cartier and Van Cleef & Arpels. These marquee brands pushed the sales up to a towering EUR 16.5 billion, making a 14% growth at constant rates and 8% at actual rates.

However, Specialist Watchmakers saw a subtle downturn with 4% decrease at actual rates while remaining stable at constant rates. Richemont’s report disclosed improvement in the latter half of the year, particularly spotlighting the performance of A Lange & Söhne, Jaeger-LeCoultre, and Vacheron Constantin.

Richemont’s geographical sales growth was led by the Americas, followed by the Middle East & Africa, recording increases by 8% and 6% at actual exchange rates, respectively. Despite a mere 1% increase at actual rates, Asia-Pacific region also saw a considerable growth at constant rates.

The group achieved increased sales across all distribution channels, emphasising on the 12% increase by retail, 8% by online sales and 9% by wholesale and royalty income. Despite the hurdles, Richemont’s steady thrust forward is a testament to their resilience and strength.