Strong Jewelry Sales Boost Richemont’s Full-Year Revenue

Swiss luxury group Richemont, which sells watches, jewellery and fashion worldwide, reports profits and a growth in sales. How investors should react now.

During its financial year 2024-2025, which ended at the end of March, the Swiss luxury group spent EUR 400 million to expand its production capacity.

Strong Jewelry Sales Boost Richemont’s Full-Year Revenue

Jewelry sales at Richemont grew 8% for the full fiscal year amid strong demand in most key markets, offsetting a decline at the company’s watches division.  Proceeds from the category rose to EUR 15.33 billion ($17.11 billion) for the 12 months that ended March 31, Richemont said last week. Double-digit increases in all regions except Asia Pacific drove the increase. Direct-to-client sales were particularly strong, comprising 84% of the total, w…