LVMH Reports Accelerating Growth for the First Half of 2026, Including for the Watch Division

In a period demonstrating a positive resurgence within the watch industry, LVMH, the renowned French luxury conglomerate, has unveiled an impressive financial performance for the initial half of 2026. This follows similar optimistic reports from other prominent industry players like Richemont and the Swatch Group, signaling a broader recovery. LVMH's latest figures reveal significant revenue growth, particularly within its Watches & Jewellery sector, underscoring the company's resilience and strategic success amid a complex global environment.

LVMH, a global leader in luxury, commands a diverse portfolio that includes iconic fashion brands such as Louis Vuitton and Dior, alongside prestigious wine and spirits houses. Its presence in the watch and jewelry segments is equally formidable, encompassing celebrated names like Bulgari, Hublot, Zenith, TAG Heuer, and Tiffany. The company's financial report for the first six months of 2026 detailed a total revenue of EUR 38.6 billion. This impressive figure was achieved despite ongoing geopolitical and economic uncertainties, including the notable impact of the Middle East conflict, which influenced organic revenue growth to stand at 3%, or 4% when excluding the conflict's effects.

Geographically, LVMH observed varied yet generally positive trends. The United States experienced an acceleration in growth, contributing to a strong first half. Asia, excluding Japan, also showed robust expansion, building on an improved performance seen since late 2025. Japan itself posted growth for the period, while Europe demonstrated commendable resilience in the face of prevailing challenges. The second quarter of the year notably saw an amplification of this growth across various regions, indicating a strengthening market position for the luxury group.

A particular highlight of LVMH's half-year report is the exceptional performance of its Watches & Jewellery division. This segment recorded sales of EUR 5,225 million, representing a substantial 9% organic increase compared to the same period in 2025. Furthermore, sales growth in the second quarter for this division climbed to an impressive 11% year-on-year. Such figures position the Watches & Jewellery division as the top-performing sector among all LVMH's activities for 2026 thus far. This robust sales growth was mirrored in the division's profitability, with recurring operations showing a healthy 9% increase.

Looking ahead, LVMH maintains a confident outlook for the remainder of 2026. The company acknowledges the persistence of an uncertain geopolitical and economic landscape but reaffirms its commitment to a strategy centered on continuously enhancing the allure and desirability of its luxury brands. This forward-looking approach aims to solidify LVMH's market leadership and ensure sustained growth despite potential external headwinds.