# Richemont reports 16% sales growth as jewellery and watches drive first-half results

> Richemont posted €12.3 billion of first-half sales, with jewellery and specialist watches delivering broad-based growth and operating profit rising 33%.

Source page: https://stoqly.net/news/richemont-h1-2026-results

- **Published:** 2026-11-14T06:05:00+00:00
- **Section:** In the news
- **Company:** Frost Bank (CFR), https://stoqly.net/companies/cfr.md

Compagnie Financière Richemont (SIX: CFR) reported a strong first half of fiscal 2027 on 13 November, with sales growth accelerating across its jewellery Maisons and specialist watchmakers despite elevated raw-material costs.

Sales rose to €12.282 billion from €10.619 billion a year earlier, or 17% at constant exchange rates. Operating profit reached €3.129 billion, including €229 million of positive tariff-related one-time items; excluding those items, operating profit was about €2.9 billion and the operating margin was 23.6%, compared with 25.5% reported.

Jewellery Maisons—including Cartier, Van Cleef & Arpels, Buccellati and Vhernier—grew sales 18% in actual terms and 19% at constant exchange rates. Specialist Watchmakers increased sales 9% actual and 10% at constant rates. Richemont said the group maintained double-digit growth in most regions, led by Japan, the Americas and Asia Pacific.

Cash flow from operating activities was €2.5 billion, up from €1.854 billion in the prior-year period. Net cash was €7.729 billion at 30 September, after a €0.4 billion inflow from the disposal of the group's stake in Avolta and a higher dividend payment. The release did not provide a new full-year financial outlook.

**What to watch** Richemont's next performance will show whether the broad-based demand described for the first half continues against elevated raw-material costs and high prior-year comparisons.

- Sales: €12.3B +16% actual six months to 30 Sep.
- Operating profit: €3.1B +33% reported
- Profit: €2.5B +39% period profit
- Net cash: €7.7B vs. €6.5B at 30 Sep.

- [Richemont, FY27 interim results announcement, 13 November 2026](https://www.richemont.com/media/ztpd2qqu/ad-hoc-announcement-pursuant-to-art-53-lr-fy27-interim-results-en.pdf)
- [Richemont official Media Centre: headquarters in Bellevue, Geneva](https://www.richemont.com/news-media/media-library/richemont-hq-by-day/)

---

Written by Stoqly from SEC filings and market data. For information only — not investment advice or a recommendation to buy, sell or hold any security.