Strong growth across Cartier, Van Cleef & Arpels, Buccellati, and Vhernier fuels Group performance, with retail leading the charge.
Luxury giant Richemont posted steady growth in the first quarter of FY2026, with total group sales rising 3% year-on-year to €5.4 billion for the period ending 30 June. The standout performer was the company’s Jewellery Maisons — including Cartier, Van Cleef & Arpels, Buccellati, and Vhernier — which delivered a robust 7% increase in revenue, reaching €3.9 billion.
This marks the third consecutive quarter of strong growth for Richemont’s jewellery segment, underscoring its continued global momentum and consumer demand for both fine jewellery and timepieces. Growth was fuelled by a strong performance across Europe, the Americas, and the Middle East & Africa, while Japan saw a decline due to currency headwinds and a challenging base from the previous year.
Retail remained the Group’s dominant sales channel, contributing 69% of total revenue, followed by wholesale and e-commerce. Notably, the Jewellery Maisons led performance across all three channels, reinforcing their strategic importance within Richemont’s portfolio.
With its high jewellery houses continuing to outperform, Richemont enters the second half of the year on stable footing, even as macroeconomic and currency pressures weigh on some markets.
