Italian luxury group Prada Group reported net revenues of €3.05 billion for the first half of 2026, up 16% at constant exchange rates and 11% at current exchange rates compared with the same period last year. On an organic basis, excluding the contribution from Versace, revenue increased 5%.
Retail sales reached €2.63 billion, growing 12% at constant exchange rates, while adjusted operating profit (EBIT) stood at €530 million, representing a 17.4% operating margin. The group reported net profit of €327 million and ended the six months with a net debt position of €693 million.
Prada, the group’s flagship brand, continued to deliver steady growth, with retail sales rising 3.3% in the first half. Momentum picked up in Q2, where sales increased 6.3%, supported by demand across product categories and stronger performances in the Americas, Japan and Asia Pacific.
Miu Miu also remained on a positive trajectory. The brand recorded 2.5% growth in retail sales during the first half, while Q2 sales rose 2.6% despite a tougher comparison with the same period last year, when the brand grew 40%.
Prada Group said Miu Miu continued to perform well in the Americas, Asia Pacific and Japan, supported by new products and enhanced in-store experiences.
Versace, which became part of the group earlier this year, contributed €305 million in net revenues during H1 2026. Prada said the brand performed in line with expectations as it focuses on improving retail execution and strengthening the quality of sales.
Across regions, the Americas delivered the strongest performance, with retail sales increasing 37% at constant exchange rates or 17% organically. Asia Pacific grew 15%, while Japan recorded 6% growth.
Europe was up 5%, although organic sales remained slightly lower than last year as consumer demand gradually improved. The Middle East was the only region to report a decline with sales falling 24% due to the ongoing geopolitical conflict.
Group Chief Executive Officer Andrea Guerra said the company was encouraged by the stronger second-quarter performance and remained confident in the long term outlook for its brands.
“We close the first six months of the year with solid results, accelerating in the second quarter on a positive Q1. Our strategy is clear, our backbone is strong and, while the environment remains disrupted, we are confident in the strength of our brands and their long-term potential.”
The group also highlighted continued progress on its sustainability commitments, including sourcing lower-impact raw materials, reducing supply chain emissions, advancing chemical management programmes and more.
