The Paris-based Christian Dior group recorded a 25.5% increase
in the first quarter 2012 revenue to 6.9 billion euros (Rs 47,671 crores). Its organic revenue growth was 14% compared to the same period in 2011. The group performed well at the start of the year with particularly fast growth in Asia and in the United States. Despite a contrasting environment it has had a good run in Europe.
Christian Dior is the main holding company of LVMH owning 40.09% of its shares. In the same quarter LVMH recorded revenues of 6,582 million euros ($86.80 billion or Rs 4,54,224 crores), reflecting a growth of 25% at current exchange rates and of 14% with comparable structure and constant exchange rates. In fashion and leather goods, Louis Vuitton continued its double-digit growth thanks to sustained demand across all of its product categories.
Christian Dior Couture first quarter revenues amounted to 284 million euros (US$ 374 million or Rs 1,957 crores), an increase of 29% at current exchange rates and of 24% at constant exchange rates. Retail activities recorded revenue growth of 41% at current exchange rates and of 35% at constant exchange rates, reflecting a positive momentum in Europe, America and Asia, which recorded strong growth. In an economic environment which remains uncertain in Europe, the Christian Dior Group will continue to focus its efforts on developing its brands, will maintain a strict control over costs and will target its investments on the quality, the excellence and the innovation of its products and their distribution.
The Christian Dior Group under its Fashion & Accessories segment has brands like Couture, Dior Homme and Baby Dior.