LVMH’s Watches and Jewellery division records 9% rise in revenue and profit

LVMH’s Watches and Jewellery division recorded 9% growth in the first half of 2026, with revenue reaching €5.2bn (£4.45bn) and profit from recurring operations rising to €831m (£710.6m), as Tiffany and Co. and Bvlgari delivered strong performances.

The group’s organic revenue growth also increased 11% in the second quarter. LVMH said the improved performance was driven by the growing success of Tiffany and Co’s iconic Knot and HardWear collections, alongside continued investment in its retail network. The luxury jeweller also appointed Natalie Portman as its new brand ambassador during the period.

Bvlgari also reported strong growth after unveiling its new Eclettica high jewellery and prestige watch collection, which the group said generated record-breaking revenue. The brand also continued to promote its Serpenti collection through a new marketing campaign.

Additionally, Chaumet expanded its Bee de Chaumet collection, while Tag Heuer maintained its partnership with Formula 1 through a series of Grand Prix events.

Across the wider group, LVMH reported H1 revenue of €38.6bn (£33.01bn), representing organic growth of 2%, despite a 3% decline on a reported basis due to currency movements. Profit from recurring operations totalled €8.7bn (£7.44bn), while net profit remained broadly flat at €5.7bn (£4.87bn).

Bernard Arnault, chairman and chief executive of LVMH, said: “LVMH demonstrated its solidity and effective strategy. Our Maisons – which remained focused on ensuring the utmost quality in our products, and several of which are pursuing their creative renewal – continued to inspire dreams and enhance their desirability.

“Accelerating growth in the second quarter arose in particular from the success of Jonathan Anderson’s first designs for Christian Dior, the remarkable performance of Louis Vuitton’s exceptional new stores in Beijing and Seoul and Tiffany and Bvlgari’s iconic lines.”

He added: “Strong growth at Sephora and the recovery in champagne and cognac also contributed to this excellent momentum. While continuing to pay very close attention to margins, we are entering the second half of the year with renewed confidence in the long-term potential of our Maisons and in our highly committed teams to continue to stand out and reinforce LVMH’s leadership position.”