Jewellery Maisons led growth with a 24% increase, while the luxury group said all regions expanded and net cash reached €9.1 billion at 30 June 2026.
Richemont reported a strong start to its financial year, with first-quarter sales reaching €6.3 billion for the three months ended 30 June 2026, up 20% at constant exchange rates and 17% at actual exchange rates. Growth was led by its Jewellery Maisons, where sales rose 24%, while Specialist Watchmakers increased 8% and the Other division, including Fashion & Accessories Maisons, advanced 9%. The company said momentum was broad-based across regions and channels despite a volatile macroeconomic and geopolitical backdrop and elevated raw material costs. Sales increased in every region, with double-digit gains in the Americas, Asia Pacific, Japan and Europe, while Middle East & Africa returned to growth. Retail remained the main engine, rising 24% and accounting for 71% of group sales, alongside 18% growth in online retail and a 9% increase in wholesale and royalty income. Richemont said local demand was a key driver, supported in some markets by tourist spending. Among business lines, the group’s four Jewellery Maisons — Buccellati, Cartier, Van Cleef & Arpels and Vhernier — delivered a seventh consecutive quarter of double-digit growth. Richemont ended June with a net cash position of €9.1 billion, including a €0.4 billion cash inflow from the disposal of its stake in Avolta. The annual general meeting is scheduled for 9 September 2026 in Geneva, and interim results are due on 13 November 2026.