Johann Rupert’s Richemont posts strong quarterly surge as sales hit $7.2 billion

Johann Rupert’s Compagnie Financière Richemont reported a strong start to its new financial year, with sales reaching €6.3 billion ($7.2 billion) for the quarter ended June 30, 2026. 

The performance reflects a 20% increase at constant exchange rates and 17% at actual rates, driven by resilient local demand across major global markets despite a volatile macroeconomic environment and rising raw material costs.

Jewelry remained the cornerstone

Jewelry remains the engine of growth. Sales from Richemont’s four core jewelry houses, Cartier, Van Cleef & Arpels, Buccellati, and Vhernier, rose by 24%, marking a seventh consecutive quarter of double-digit growth. 

The jewelry division generated €4.73 billion ($5.42 billion), accounting for the bulk of group revenue, supported by strong demand for both jewelry and high-end watches. Specialist watchmakers also showed improvement, with sales rising 8%, while the broader “Other” segment, including fashion and accessories, grew 9%.

Americas lead as Japan rebounds sharply
Regional performance was robust across the board. The Americas led growth with a 27% increase, followed by Asia Pacific at 21% and Europe at 11%. Japan stood out with a 36% surge, driven by strong domestic consumption and tourist spending, rebounding from a weaker prior-year period. The Middle East and Africa returned to growth with a modest 3% increase, as strong local demand offset a decline in tourist activity linked to regional tensions.

Retail continues to dominate Richemont’s sales mix, accounting for 71% of total revenue after rising 24% during the quarter. Online retail also expanded by 18%, supported by strong momentum in Japan, the Americas, and Asia Pacific. Wholesale and royalty income grew 9%, with the Americas contributing the largest share of that increase. Across all channels, direct-to-consumer sales remained central to Richemont’s strategy.

Cash position strengthens amid strategic moves
Richemont maintained a strong balance sheet, with net cash rising to €9.1 billion ($10.42 billion), up from €7.4 billion ($8.47 billion) a year earlier. The increase includes a €400 million ($457.91 billion) inflow from the disposal of its stake in Avolta, reinforcing liquidity as the group continues to invest in its maisons and navigate ongoing geopolitical and economic uncertainty.

For Rupert, the latest quarterly performance underscores Richemont’s resilience and its continued reliance on high-end jewelry as a growth driver. While challenges persist, particularly in tourism-dependent markets and cost pressures, the group’s ability to deliver double-digit growth across regions and channels signals a strong start to the year and reinforces its position at the top tier of the global luxury industry.