French firm Christian Dior's revenue rises 2% to $45.21 bn in H1 FY24

French multinational luxury fashion house Christian Dior Group has recorded a revenue of €41.7 billion (approximately $45.21 billion) in the first half of fiscal 2024 (H1 FY24), achieving a 2 per cent organic growth over the period.

The company’s performance varied across different regions. Europe and the US showed growth on a constant consolidation scope and currency basis. Japan excelled with a remarkable double-digit revenue growth, while the rest of Asia saw significant spending increases by Chinese customers in both Europe and Japan. In the second quarter, organic revenue growth stood at 1 per cent.

The group's profit from recurring operations for H1 FY24 reached €10.6 billion, resulting in an impressive operating margin of 25.6 per cent. This margin significantly exceeds pre-COVID-19 levels. The group's share of net profit amounted to €3 billion, Christian Dior said in a press release.

The fashion and leather goods business group, a core segment for Christian Dior, recorded organic revenue growth of 1 per cent, totalling €20.77 billion in the first half of FY24. However, the profit from recurring operations in this segment saw a decline of 6 per cent.

Fibre2Fashion News Desk (DP)