Swiss luxury group Richemont delivered a robust opening to fiscal 2027, reporting double-digit sales growth across all major regions and sales channels despite ongoing economic uncertainty and geopolitical challenges.
For the first quarter ended June 30, 2026, Richemont Q1 FY27 sales climbed 20% at constant exchange rates and 17% at actual exchange rates, reaching €6.33 billion (approximately $7.28 billion). The company attributed the strong performance to resilient consumer demand across its key international markets, which helped offset the impact of an unpredictable global business environment.
The group’s Other business area, comprising several luxury brands, also delivered positive results. Brands including Peter Millar, Gianvito Rossi, and Watchfinder & Co recorded double-digit sales growth, while the segment expanded in every region except the Middle East and Africa.
Americas and Japan drive regional performance
Regional results remained broadly positive, with the Americas emerging as the strongest-performing market. Sales in the region increased 27% at constant exchange rates to €1.67 billion.
Japan followed with an impressive 36% increase, generating €632 million in revenue. The Asia Pacific region posted 21% growth to €2.07 billion, while Europe recorded an 11% rise to €1.43 billion. Sales in the Middle East and Africa also returned to positive territory, increasing 3% to €530 million.
The Other business division contributed €724 million in revenue during the quarter, reflecting a 9% increase at constant exchange rates and 7% growth at actual exchange rates.
Retail channel remains key growth driver
Retail stores continued to fuel the company’s expansion, making up the largest share of revenue. Retail sales advanced 24% at constant exchange rates to €4.50 billion, accounting for 71% of total group sales.
Online retail also maintained healthy momentum, with revenue rising 18% to €373 million. Meanwhile, wholesale and royalty income increased 9% to €1.45 billion, highlighting balanced growth across Richemont’s distribution network.
The company said it remains focused on supporting the long-term development of its luxury brands through continued investment, despite elevated raw material costs and persistent macroeconomic and geopolitical uncertainty.
The Richemont Q1 FY27 sales update also showed the group ending the quarter with a strong financial position. Net cash stood at €9.1 billion, including a €0.4 billion cash inflow generated from the sale of its stake in Avolta, providing additional financial flexibility for future growth initiatives.
