Christian Dior posts €38.6bn revenue in first half of 2026, €6bn net profit

Investing.com -- Christian Dior reported revenue of €38.6 billion for the first half of 2026, the luxury goods group said Monday after European markets closed. The company posted profit from recurring operations of €8.7 billion and free cash flow of €4.1 billion for the period.

The group recorded organic revenue growth of 3% for the first half, which accelerated to 4% when excluding the impact of the Middle East conflict. Revenue declined 3% on a reported basis compared to the first half of 2025, affected by currency headwinds of 5%.

The United States showed accelerating growth during the period. Asia excluding Japan posted strong growth, continuing improvement seen in the second half of 2025. Japan recorded growth for the half-year while Europe demonstrated resilience.

Profit from recurring operations reached €8.7 billion, representing an operating margin of 22.5%. Group net profit totaled €6.0 billion, with the group share of net profit at €2.4 billion, stable compared to the previous year.

Fashion & Leather Goods, the largest division, generated revenue of €18.1 billion with profit from recurring operations of €6.2 billion. The segment returned to organic revenue growth in the second quarter after a 1% decline for the full half-year period.

Louis Vuitton marked the 130th anniversary of its Monogram collection and opened new stores in Beijing and Seoul. Christian Dior Couture saw accelerating growth with Jonathan Anderson's first designs, including the Cigale bag. The company entered an agreement with WHP Global to sell Marc Jacobs.

Watches & Jewelry recorded organic revenue growth of 11% in the second quarter. Tiffany & Co. posted strong performance while expanding its Knot and HardWear collections. Bvlgari launched its Eclettica high jewelry and prestige watch collection, which generated record revenue. Natalie Portman joined Tiffany as a brand ambassador.

Wines & Spirits showed organic revenue growth of 5% with profit from recurring operations up 11%. Hennessy cognac continued positive momentum in China following Chinese New Year. The division launched V.S. ready-to-serve cocktails in the United States.

Selective Retailing achieved 5% organic growth, led by Sephora's market share gains across multiple countries. The retailer entered Belgium and Croatia and saw success with exclusive brand launches including Rhode. DFS sold its Greater China operations to China Tourism Group Duty Free and agreed to sell airport concessions in Los Angeles and San Francisco to Duty Free Americas.