LVMH’s third-quarter revenue rose 1%, marking first growth this year, as improved Chinese demand helped after prolonged luxury slump.
Sales reached 18.28 billion euros, in the three months to September, beating some estimates.
Fashion and leather goods, which house Louis Vuitton and Dior and generate most of LVMH’s profit, fell 2% from a year earlier but improved from a 9% drop in the previous quarter.
It was the first quarter of slight growth this year for the world’s largest luxury goods group, which is seen as a sector bellwether with operations spanning fashion, alcohol and retail.
Trends in Asia excluding Japan, a market dominated by China, showed "noticeable" improvement nine months into the business year, LVMH said in a statement.
LVMH’s U.S.-listed shares jumped 7.5% on Tuesday, extending a 13% gain since July.
Sales at the fashion and leather goods division, home to flagship brands Louis Vuitton and Dior and accounting for more than two-thirds of profits, were down 2% versus a year earlier.
The results from the $400 billion group, seen as a bellwether for luxury demand, comes after months of weak appetite for handbags and accessories as price hikes deterred mid-tier shoppers. The sector has also faced headwinds from U.S. tariffs, China’s real estate downturn and higher jewellery production costs from surging gold and silver prices.
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