Editor’s Note
Richemont’s robust Q3 FY2026 results, with revenue reaching €6.4 billion, signal strong momentum in the luxury sector. This performance, exceeding expectations, offers an optimistic outlook for the market’s trajectory.
Recently, Richemont Group released its financial results for the third quarter of fiscal year 2026, sparking widespread discussion in the fashion industry. As of December 31, 2025, the Group achieved revenue of €6.4 billion, exceeding market expectations and showing significant year-on-year growth. This data undoubtedly paints a hopeful picture for the future of the luxury market.
The jewelry business remains the company’s primary revenue pillar, accounting for over 70% of the total. The strong performance of brands like Cartier and Van Cleef & Arpels, particularly in the Americas and the Middle East, demonstrates robust demand for luxury goods.
From a regional perspective, the Americas led with a growth rate of 14%, followed closely by the Middle East and Japan, which achieved growth rates of 20% and 17%, respectively. This differentiated growth pattern highlights the potential across various markets for investors.
Data indicates that the jewelry business generated revenue of €4.8 billion in FY26 Q3, representing a 14% year-on-year increase at constant exchange rates. Over the past few years, Richemont’s jewelry revenue growth has consistently remained at a high level, showcasing its competitiveness in the market.
In contrast, the growth of the watchmaking business appears relatively sluggish. Although it achieved positive growth across all regional markets, its growth rate was significantly lower than that of the jewelry business, revealing the complexity of the luxury market. Regarding raw materials, rising prices of precious metals have exerted pressure on the company’s profit margins. The significant increase in prices of gold, platinum, and other precious metals has driven up jewelry production costs, which may impact the company’s profitability in the future.
It is noteworthy that Richemont Group’s performance in terms of cash and cash equivalents is also impressive, reaching €7.6 billion, providing ample financial support for future mergers, acquisitions, and business expansion. Ultimately, whether Richemont’s strong performance can be sustained depends on how it navigates market changes and consumer trends.