Richemont reported robust third-quarter sales of €6.4 billion for the period ended 31 December 2025, marking an 11 per cent increase at constant exchange rates and 4 per cent at actual rates. This performance exceeded analyst expectations of around 8 per cent growth, driven by a successful festive season despite challenging comparatives from the previous year.
Jewellery Maisons, including Cartier, Van Cleef & Arpels, Buccellati, and Vhernier, led the results with a 14 per cent rise at constant rates. Growth stemmed from strong demand for iconic lines, new collections, and effective marketing, with both jewellery and watch categories contributing solidly across regions.
Specialist Watchmakers posted a 7 per cent increase, achieving a second consecutive positive quarter with gains in the Americas and Middle East and Africa. Fashion and Accessories Maisons grew by 3 per cent, showing resilience amid broader sector pressures.
Sales expanded across all regions at constant exchange rates, with double-digit increases in the Americas, Japan, and Middle East and Africa. Retail channels rose 12 per cent, accounting for 72 per cent of total sales, while wholesale increased 9 per cent and online retail 5 per cent.
For the nine months to December 2025, group sales reached €17 billion, up 10 per cent at constant rates and 5 per cent at actual rates. Richemont highlighted broad-based progress despite a complex macroeconomic environment featuring weaker trading currencies and rising material costs impacting margins.
As reported by Statista, the global luxury goods market is set to generate US$471.23 billion in revenue in 2025, with watches and jewellery as the largest segment at US$158.12 billion. The market expects annual growth of 2.89 per cent through 2030, supported by resilient demand in jewellery amid economic uncertainty.
Richemont ended the quarter with a net cash position of €7.6 billion, providing financial stability as the group invests in long-term Maison growth. Full-year results for the period ending 31 March 2026 are scheduled for release on 22 May 2026.