LVMH Watch Division Reports 9% Growth in First Half 2026
LVMH Reports Accelerating Growth for Watch Division in H1 2026
French luxury conglomerate LVMH has reported strong results for the first half of 2026, with its Watches & Jewellery division emerging as the best-performing segment across all group activities. The division recorded revenue of EUR 5,225 million, representing a 9% organic increase compared to the same period in 2025.
Key Financial Highlights
| Metric | H1 2026 | Growth |
|---|---|---|
| Group Revenue | EUR 38.6 billion | +3% organic |
| Watches & Jewellery Revenue | EUR 5,225 million | +9% organic |
| Q2 Watches & Jewellery Growth | - | +11% |
| Recurring Operations Profit | - | +9% |
Regional Performance
LVMH highlighted strong performance across key markets despite ongoing geopolitical challenges in the Middle East:
- United States: Growth accelerated with a good first half of the year
- Asia (ex-Japan): Strong growth confirming improvement trends from H2 2025
- Japan: Positive growth for the half-year period
- Europe: Showed good resilience
LVMH owns several major watch brands including Bulgari, Hublot, Zenith, TAG Heuer, and Tiffany. The Watches & Jewellery division's 11% growth in Q2 makes it the standout performer, driven by strong demand for luxury timepieces and jewelry across global markets.
Industry Context
This positive result follows similar growth reported by competitors. Richemont reported sales up 20% for Q1 2026, while Swatch Group indicated sales up 8.5% in its half-year report. The Federation of the Swiss Watch Industry (FHS) also reported Swiss watch exports increased by 11.2% in June 2026, suggesting an industry-wide recovery after two years of challenging conditions.
Frequently Asked Questions
Q: What watch brands does LVMH own?
A: LVMH's Watches & Jewellery division includes Bulgari, Hublot, Zenith, TAG Heuer, Tiffany & Co., and Fred, among others.
Q: How does LVMH's watch performance compare to competitors?
A: LVMH's 9% organic growth for watches is slightly below Richemont's 20% but exceeds Swatch Group's 8.5% growth rate for the same period.
Q: What is the outlook for LVMH watches in 2026?
A: Despite geopolitical uncertainty, LVMH remains confident and will maintain its strategy of enhancing brand desirability. Growth is expected to continue into the second half of 2026.
Source: Monochrome Watches, LVMH Half-Year Report 2026 (July 28, 2026)