LVMH Moët Hennessy Louis Vuitton recorded its first quarterly revenue growth of the year, supported by an improvement in Chinese demand following a prolonged slowdown in the global luxury market.
Revenue rose 1% year-on-year to US $ 21.25 billion in the three months to September, surpassing analyst estimates. The company described the performance as a sign of stabilisation across key markets after several challenging quarters.
Sales in the fashion and leather goods division—which includes flagship brands Louis Vuitton and Dior and contributes the majority of the group’s profits—declined by 2% compared with the same period last year. However, this marked an improvement from the 9% drop reported in the previous quarter.
The company said in a statement that business trends in Asia, excluding Japan, showed “noticeable” improvement nine months into the financial year, largely driven by recovering consumer sentiment in China.
LVMH’s US-listed shares rose 7.5% on Tuesday, extending a 13% gain since July, as investors responded positively to signs of stabilisation in the luxury sector.
The results follow several months of muted demand for high-end handbags and accessories, as price increases discouraged mid-tier consumers. The broader luxury industry has also faced headwinds from US tariffs, China’s property market slowdown, and rising jewellery production costs due to higher gold and silver prices.
With a market capitalisation of around US $ 400 billion, LVMH remains a key indicator of global luxury trends, spanning segments from fashion and cosmetics to wines and retail. The modest return to growth may signal an early recovery phase for the high-end goods sector after a year marked by volatility and shifting consumer dynamics.
