Richemont, owner of Cartier and other luxury maisons, reported a 14% increase in sales for its fiscal second quarter ending September 30, 2025, adjusted for currency effects. This follows a 6% rise in the first quarter. The Swiss group said the performance reflects a gradual recovery in luxury spending, even as uncertainty persists around US duties on Swiss made goods.
Shares of Richemont moved higher in early European trading, though the exact intraday gain was not disclosed. The company reiterated that recently imposed US duties could cost about €0.3 billion annually if unchanged.
Chairman Johann Rupert urged caution as the company navigates shifting economic conditions. He cited uneven demand in China and elevated gold prices as ongoing challenges.
Sales figures showed the jewellery division delivered a 17% Q2 increase, while the watch segment rose 3%. First half revenue reached €10.62 billion, up 10% at constant exchange rates and 5% at actual exchange rates. Net profit climbed to €1.81 billion compared with €457 million a year earlier.
#Investor Takeaway
Richemont’s latest results highlight renewed strength in high end demand, supporting the company’s outlook.
#Market Impact
The strong sales performance may lift investor sentiment toward Richemont and other Swiss luxury names as the sector stabilizes.
#What’s Next
Investors should track Richemont’s next earnings release and any developments on US duty adjustments as signals for future momentum.