Editor’s Note
This article highlights Richemont’s resilient performance in FY2025, with a notable 7% revenue increase in the final quarter driven by its jewelry division, despite a slight dip in annual operating profit.
On May 16, Richemont Group announced its financial results for the fiscal year 2025 ending March 31.
For the full fiscal year, the Group’s sales increased by 4% year-on-year to 21.4 billion euros. In the fourth fiscal quarter, where most peers performed poorly, Richemont achieved a 7% increase in overall revenue to 5.17 billion euros, driven by its outstanding jewelry business.
Full-year operating profit was 3.76 billion euros, down 1% year-on-year, with the operating profit margin declining to 20.9%, a decrease of 240 basis points compared to the previous year. Full-year net profit was 2.75 billion euros, an increase of 17% year-on-year.
The Asia-Pacific market, which includes China, was the only region to record a decline for the Group.
Looking at business segments, the Specialist Watchmakers and Jewellery Maisons division, which includes brands such as Cartier and Van Cleef & Arpels, saw its full-year revenue increase by 8% year-on-year to 15.33 billion euros. This division’s revenue grew 11% year-on-year in the fourth quarter to 3.735 billion euros.
Despite pressures from high gold prices and operating costs, the division maintained a strong full-year profit margin of 31.9% and a profit of 4.896 billion euros, supporting the Group’s overall positive growth trend.