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Largest Luxury Goods Companies by Market Cap (2025): The global luxury market is expected to generate $495.16 billion in revenue by 2025, with Statista forecasting a growth rate of 3.94% from 2025 to 2029.
Despite optimism among investors that the luxury goods sector would recover from its downturn this year, increasing traffic and trade tensions have raised fears of a global recession, leading to declines in the share prices of these companies.
Recently, Louis Vuitton-Moët-Hennessy (LVMH) lost its title as the world’s largest luxury company by market capitalisation to its competitor, Hermès, on Tuesday, April 15.
Reuters reported that LVMH’s shares dropped by 7%, reducing its market capitalisation to €246 billion, while Hermès reached €247 billion.
In a notable mention, the renowned Indian eyewear and watches enterprise, the Titan Company – part of the Tata Group – is the sixth largest luxury goods company in the world with a market cap of $33.85 B (₹2.904 T) as of 2025.
India’s multinational jeweller, Kalyan Jewellers, has an estimated market capitalisation of $6.32 billion (₹542.53 billion), making it the 13th largest in the world.
Meanwhile, India’s leading luxury watch retailer, Ethos Watches, has a market capitalisation of $0.76 billion (₹65.33 billion), ranking it 24th globally.
Lesser known – Rajesh Exports – an Indian multinational gold retailer, with an estimated market cap of ₹57.02 B ($0.66 B), stands 26th on the list.
While European luxury brands—particularly those from France and Italy — continue to dominate the global high-end fashion and accessories market with against like Hermès, LVMH, Prada, and Dior — Hong Kong’s Chow Tai Fook rounds out the top contenders with a strong presence in Asia.
Founded in 1929, Chow Tai Fook is a household name in Greater China, renowned for its jewellery craftsmanship, trust-driven brand, and wide retail network.
| Rank | Name | Market Cap (USD) | Market Cap (INR) | Country |
| 1 | Hermès | $276.82 B | ₹23.717 T | France |
| 2 | LVMH | $274.00 B | ₹23.548 T | France |
| 3 | EssilorLuxottica | $129.25 B | ₹11.064 T | France |
| 4 | Compagnie Financière Richemont | $96.34 B | ₹8.246 T | Switzerland |
| 5 | Dior | $91.78 B | ₹7.864 T | France |
| 6 | Titan Company | $33.84 B | ₹2.895 T | India |
| 7 | Kering | $22.56 B | ₹1.922 T | France |
| 8 | Moncler | $16.74 B | ₹1.431 T | Italy |
| 9 | Prada | $15.56 B | ₹1.326 T | Italy |
| 10 | Chow Tai Fook | $11.94 B | ₹1.020 T | Hong Kong |
Source: Companies Market Cap
Please note: This is the listing of the largest luxury goods companies by market capitalisation that are publicly traded. Rankings and market capitalisation are dynamic owing to diverse factors; the market capitalisation is recorded as of April 16, 2025.
