The group reported a good start, with sales increasing by 20 percent at constant exchange rates and 17 percent at real exchange rates to €6.33 billion (~$7.28 billion) in the first quarter ended June 30, 2026.
Switzerland-based Richemont reported a strong start to FY27, with first-quarter sales up 20 percent, supported by strong demand across all regions and channels. Its Fashion and Accessories business recorded steady growth, while the Americas, Japan and Asia Pacific led regional performance. The group continued to invest in its Maisons despite the macroeconomic uncertainty.
The growth was supported by strong local demand in major markets despite a volatile macroeconomic and geopolitical environment, Richemont said in a press release.
Within the Other Businesses area, Richemont said that performance was positive in the majority of the Maisons. Peter Millar, Gianvito Rossi and Watchfinder & Co all recorded double-digit sales growth. The segment expanded to all regions except the Middle East and Africa.
Regional growth led by the Americas and Japan
Sales increased in all geographic regions. The Americas led with a 27 percent increase at constant exchange rates to €1.67 billion, followed by Japan with a 36 percent growth to €632 million. Sales in Asia Pacific increased by 21 percent to €2.07 billion, Europe grew by 11 percent to €1.43 billion, while the Middle East and Africa returned to growth with a 3 percent increase to €530 million.
The Other businesses area, which includes Fashion and Accessories Houses, generated 724 million euros in sales, increasing 9 percent at constant exchange rates and 7 percent at real exchange rates.
Retail leads growth across all distribution channels
All distribution channels generated growth during the quarter. Retail sales increased by 24 percent at constant exchange rates to €4.5 billion, representing 71 percent of group sales. Online retail rose 18 percent to €373 million, while wholesale and royalty income rose 9 percent to €1.45 billion.
Richemont said it continued to invest to support the long-term growth of its Maisons despite persistent macroeconomic and geopolitical uncertainty and elevated raw material costs.
The group ended the quarter with a strong net cash position of €9.1 billion, including a cash inflow of €400 million from the sale of its stake in Avolta.
Fiber2Fashion News Desk (SG)
