Saint Laurent is a French house owned by Kering, and for years the group printed its revenue and profit on a line of its own. That line has closed: €2,643 million of revenue for 2025, recurring operating income of €529 million and a 20.0% margin are the last stand-alone figures Kering has published for the House.
In India the house sells nothing itself: no Indian version of ysl.com, no rupee price, no checkout — two boutiques and an appointment button. On one marketplace it does not run, its name sat over 399 listings on 24 September 2026, with 34 more under the older spelling.
Kering reported Saint Laurent in full for 2025 — €2,643 million of revenue, a 20.0% margin — and then stopped breaking the House out at all, so that is the last figure a reader can hold. India is sharper: the house publishes no Indian site, price or checkout, yet Myntra carried 399 Saint Laurent and 34 Yves Saint Laurent listings on 24 September 2026, every handbag record sold by one Delhi company and imported by another. The only rupee price attached to the name is a marketplace one.
Snapshot
- Owner
- Kering SA, listed on Euronext Paris, ticker KER
- Saint Laurent revenue, 2025
- €2,643 million, down 8% reported and 6% comparable from €2,881 million; recurring operating income €529 million, margin 20.0%
- Disclosure after 2025
- None. From the first quarter of 2026 Kering reports four segments and gives figures for one House only, Gucci
- Chief executive of the House
- Cédric Charbit, effective 2 January 2025, succeeding Francesca Bellettini
- Indian website
- None. A request for the India locale lands on the international site, whose product pages show no price and no cart
- Indian stores
- Two on the house’s own locator, read 24 September 2026 — Jio World in Mumbai and G-5A The Chanakya in New Delhi
- Price basis in India
- Saint Laurent publishes none. Median MRP across 60 Saint Laurent handbag listings read on Myntra on 24 September 2026: ₹3,87,500
- Authenticity
- No serial lookup, certificate, chip or code check published for a single bag; the product page carries a catalogue STYLE ID shared by every unit of the article
What Kering used to publish, and stopped
Saint Laurent’s 2025 was a decline held at a steady margin. Revenue was €2,643 million against €2,881 million, 8% down as reported and 6% comparable, with recurring operating income of €529 million against €593 million. The margin did not move: 20.0% in both years, which Kering’s release attributes to “efficiency measures that offset negative operating leverage”. By quarter revenue ran €679 million, €609 million, €620 million and €735 million, so the fourth was the best of the four.
Those are the last such figures in existence. From the first quarter of 2026 Kering reports four segments — Fashion & Leather Goods, Jewelry, Eyewear, and Corporate & Other — and gives House-level figures for Gucci alone. In the first half of 2026 the group took €7,220 million at a 12.8% margin, and Fashion & Leather Goods €5,800 million against €6,115 million. Gucci’s line is there: €2,757 million, operating income €468 million, 17.0%. Saint Laurent has none.
- Full year 2025Revenue €2,643m, operating income €529m, margin 20.0%
- Q1 2026, 14 April 2026Four segments replace the House-by-House tables
- H1 2026, 28 July 2026Gucci the only House given figures; Saint Laurent none
The disclosure was replaced in one step, not thinned over years.
What remains is commentary. The first-half release of 28 July 2026 says Saint Laurent “confirms its renewed momentum, returning to growth this semester”; the first-quarter release credits “a very strong performance in shoes and ready-to-wear” and the rollout of “the Mombasa handbag”. Any 2026 revenue figure a reader meets elsewhere is an estimate, because the owner publishes none.
“Saint Laurent confirms its renewed momentum” — Kering, first-half 2026 results, 28 July 2026.
Two appointments sit behind that stretch: Cédric Charbit became chief executive of Saint Laurent on 2 January 2025, announced on 18 November 2024, succeeding Francesca Bellettini; Luca de Meo was announced as Kering’s chief executive on 16 June 2025. The only store figure is group-level — 1,719 operated directly at 31 December 2025, against 1,794 — because Saint Laurent’s own count is published nowhere.
The beauty business under the same name is not Kering’s — L’Oréal has owned Yves Saint Laurent Beauté since 2008, which is why the YSL Beauty audit is a separate page.
How Saint Laurent reaches India
Ask for the Indian version of the site and it is not there. A request for ysl.com’s India locale on 24 September 2026 lands on the international site at ysl.com/en-en, whose product pages carry no price, no currency and no add-to-cart button — only “FIND IN STORE” and “CONTACT US”. The same page set to the United States prints a dollar price, an “ADD TO CART” button and “SHIPPING TO UNITED STATES”, so the absence is the site’s own behaviour. With no Indian terms of sale there is no Indian seller of record and no grievance officer named anywhere; the American terms name Yves Saint Laurent America Inc. of 3 East 57th Street, New York. Indian bag brands such as VIP Industries and Safari print an Indian company, an MRP and a grievance officer on their own pages.
India in this house’s own account is two counters. Its locator, set to India, returned “2 STORES FOUND” on 24 September 2026: Mumbai – Jio World, carrying “MEN’S AND WOMEN’S COLLECTIONS”, open 11:00 to 22:00, and G-5A The Chanakya in New Delhi, “WOMEN’S COLLECTIONS”, open 11:00 to 21:00. Both offer “BOOK AN APPOINTMENT”, and India is one of 47 countries and regions in that list.
Behind the counters is a company on the Indian register: Luxury Goods Retail Private Limited, CIN U51311MH2006PTC162428, incorporated 23 May 2006, status “Active”, a private limited company with paid-up capital of ₹2.05 crore against ₹2.5 crore authorised, filed under wholesale of textiles, clothing and footwear, at One BKC in Bandra Kurla Complex, Mumbai. Read the CIN: the U marks an unlisted company, and PTC an ordinary private limited company rather than the subsidiary of a foreign company. Kering’s own filing has stated that holding as 51%, with no holder named for the other 49% — a figure carried here from an earlier reading of that filing, not one re-checked for this audit, and register mirrors publish no shareholding.
The money comes from register mirrors rather than accounts. One carries revenue of ₹265.57 crore for the year to 31 March 2025, calls it 18% down and says it was last updated on 11 January 2026; a second gives different dates for the last annual meeting and balance sheet, so no filing date is printed here.
The arrangement itself is stated nowhere. No Kering or Saint Laurent release names an Indian licensee, franchisee, joint-venture partner or distributor, and searches against the usual Indian luxury operators produced nothing either. The register entry tells you a Kering company trades here; it does not tell you whose shop the two boutiques are.
No document read names who operates the two Indian boutiques or on what terms. Treat the counter’s invoice and the bag’s style code as your record, because the house publishes no Indian paperwork behind either.
Who sells Saint Laurent on the Indian shelf
Myntra’s brand facets held 399 products under “Saint Laurent” and 34 under “Yves Saint Laurent” on 24 September 2026 — 433 listings for a house with no Indian storefront. Thirty handbag records read that day carry the declarations an Indian listing shows.
| Declaration line | What 30 Saint Laurent handbag records said, 24 September 2026 |
|---|---|
| Seller of record | Darveys Global Store Private Limited, 30 of 30 |
| Importer | NR Wardrobe Fuss Private Limited, Okhla Phase 2, Delhi, 30 of 30 |
| Country of origin | Italy 29, Madagascar 1 |
| Listings on the facet | 399 as “Saint Laurent”; 34 as “Yves Saint Laurent” |
Both companies are small and both are in Delhi. Darveys Global Store Private Limited carries CIN U52609DL2018PTC331151 and NR Wardrobe Fuss Private Limited CIN U51101DL2013PTC259910, each with ₹1,00,000 of paid-up capital, and the register lists the same two directors for both. That is the register speaking, and the whole of what this page says about them: no document read names an authorised arrangement between either company and Saint Laurent, the house publishes no list of authorised Indian sellers, and nothing here is a finding about the goods or against anyone.
Read that shelf’s shape before its prices. Across 100 listings on the main facet — handbags 36, scarves 14 — the median MRP was ₹2,28,000 and the median charged ₹1,53,545, or 67.3% of MRP, with 70 reduced. Filter to handbags and the discounting nearly goes: across 60 records the median MRP was ₹3,87,500 and the median charged ₹3,62,990, 93.7% of MRP. A Monogram College crossbody sat at ₹3,49,500 with nothing off.
What Saint Laurent costs in India
The house sets no Indian price, so there is no MRP and no “inclusive of all taxes” line to quote. What it does publish is the American shelf, and the tax basis there is not what a reader might assume.
| Bag | Style ID as printed | Price, 23 September 2026 | Tax basis stated |
|---|---|---|---|
| Loulou medium, ysl.com United States | 871619AAEY62916 | US$3,500 | Terms say prices “are inclusive or not of all applicable taxes and charges”, settled at checkout by destination |
| Mombasa medium in leather, ysl.com United States | 862029AAGWJ1000 | US$4,300 | As above |
| Same Loulou article, international site | 871619AAEY62916 | No price shown | No statement exists |
| Saint Laurent, India | — | No price published by Saint Laurent | No statement exists |
Prices printed raw, with no conversion and no computed gap. Price the style code, not the name: the same pages showed a small Mombasa at US$3,450 and a large one at US$5,600.
Clause 3.1 of those terms, dated June 2023, says prices “are indicated on the website in dollar and are inclusive or not of all applicable taxes and charges”, with the treatment tied to the delivery country or region, while clause 5.1 requires the buyer to pay “the price of the product (including applicable VAT, sales taxes or other taxes)”. So US$3,500 is described neither as tax-free nor as tax-paid; it is settled at checkout, and there is no Indian MRP to set beside it.
That leaves the marketplace as the only Indian selling price attached to the name, and this page’s band rests on it: the median MRP across 60 Saint Laurent handbag listings read on Myntra on 24 September 2026 was ₹3,87,500, far above the ₹40,000 floor where our Luxury band for bags begins. That basis is a price set by a Delhi seller of record, not by Saint Laurent, on a platform the house does not run. A buyer weighing it against an Indian bag brand such as Wildcraft is comparing two unrelated kinds of purchase.
At the border, integrated GST — the tax charged on imports — runs at 18% on heading 4202, which covers handbags, under Notification No. 9/2025-Integrated Tax (Rate) of 17 September 2025, and the Budget annexure cut the duty on goods imported for personal use to 10% from 1 April 2026. No basic customs duty rate appears here, because no official notification setting one for this heading was obtained.
Where the bags are made
Per product the answer is consistent across two channels. Both bags priced above print “MADE IN ITALY” on their ysl.com pages with a composition line reading “CALFSKIN, BRASS”, and on the Indian shelf 29 of 30 handbag records declared Italy and one declared Madagascar. Read a listing’s manufacturer line for what it is — it names who is answerable for the goods, not the workshop that cut the leather.
Above the product, everything published is group-wide and belongs to Kering rather than the House. Its 2025 filing describes “a network of several thousand suppliers located mainly in Europe (87%) and particularly in Italy (78%)” and records 4,124 supplier audits in 2025 on social, environmental and sourcing matters. No count of factories the group owns appears in the part read for this page, and no Saint Laurent-specific sourcing statement appears in it at all.
Kering’s supplier rulebook, lodged with the exchange on 5 December 2025, asks for more on paper than most documents in this trade. Leather suppliers must give the “location and name of finishing tannery”, the “locations and names of all the tanneries upstream of the finishing”, and the “location (country, region) and name of the slaughterhouse”. The group commits to no deforestation or conversion in its supply chains with a cut-off of “31st December 2020 at the latest”, and states that “Kering brands no longer use fur in their collections”. One verb matters: suppliers are “strongly encouraged” to use traceability systems such as Leather Working Group traceability, not required to hold them — and none of it is published at bag level, so a buyer cannot follow one handbag back to one tannery.
Checking a bag is the real thing
Saint Laurent publishes no way for a buyer to verify a specific bag. Searches on 23 September 2026 for an authenticity page, a serial-number lookup, a certificate or a chip showed nothing from the house — only third-party authentication services, which are not the brand’s word. The product page carries a “STYLE ID” and “PRODUCT CARE”, and a style ID is a catalogue reference every unit of that article shares: it tells you which bag you are looking at, never whether this one is real.
That absence was tested rather than assumed. The same search against a sibling house under the same owner, Bottega Veneta, returned a live buyer-facing page titled “Certificate of Craft” — which that house’s own FAQ describes as a repair service rather than a warranty or a check. So a Kering house does publish such a page when one exists, and Saint Laurent has none. Kering is also not a member of the Aura Blockchain Consortium, whose founders and member brands sit with other groups, so no digital passport applies here.
That leaves the ordinary checks. Buy at one of the two counters and keep the invoice, match the style code on the tag against ysl.com, and on any listing read the seller of record, the importer and the country-of-origin line before paying — those three lines carry the only accountability an Indian purchase here has.
The record in India
The Indian courts database, searched on 23 September 2026, showed 60 results for “Yves Saint Laurent” and 62 judgments for “Saint Laurent”, read in full from that set, so the short list below is a finding about the litigation, not the search. Private parties who were defendants are not named.
| Court and date | Matter | What was decided |
|---|---|---|
| High Court of Delhi, 25 July 2018 | CS(COMM) 220/2018, brought by M/s Yves Saint Laurent Parfums S.A. — the perfumes company, not the fashion house — against a group of traders | Suit decreed for the plaintiff: permanent injunction against use of the “YVES SAINT LAURENT” and “YSL” marks, nominal damages of ₹1,00,000 and costs of ₹50,000. Defended, through counsel |
| High Court of Delhi, 18 September 2024 | O.M.P.(T)(COMM.) 29/2023, a petition by Yves Saint Laurent under section 14 read with section 12(5) of the Arbitration and Conciliation Act 1996 to end an arbitrator’s mandate | Petition dismissed — the brand lost. The court held the appointment was not unilateral because the signatory respondent had consented, and that the arbitrator could proceed. Defended, and not decided on one side only |
Both need their limits stated. Each was decided on that matter as it then stood, between those parties, on the material before that court, and neither reaches beyond it. The 2018 decree was won by the perfumes company, whose business sits with L’Oréal, so it is not a ruling about the fashion house’s bags, and the 2024 order is a loss printed as one, because a page carrying only the wins is not reporting. Nobody has ruled on any listing, seller or importer named here, and nothing above is a finding against any of them.
One check stayed shut. The Indian trade-mark register’s public search now needs a one-time-password sign-in, so it was not readable in this pass, and this audit says nothing about who holds the YSL or SAINT LAURENT marks in India or what condition those entries are in. The only trade-mark material here is a court’s own description of the marks it was asked to protect.
Common questions
Can I buy a Saint Laurent bag from Saint Laurent online in India?
No. A request for the India locale on ysl.com lands on the international site, whose product pages show no price, no currency and no cart — only “Find in store” and “Contact us”. The house’s Indian points of sale are two boutiques, in Mumbai and New Delhi, both of which offer an appointment.
Who sells Saint Laurent on Myntra?
All 30 handbag records read on 24 September 2026 named Darveys Global Store Private Limited as seller of record and NR Wardrobe Fuss Private Limited as importer — two Delhi companies with ₹1,00,000 of paid-up capital each and the same two directors on the register. No document read names an authorised arrangement between either of them and the house.
How much does a Saint Laurent bag cost in India?
Saint Laurent publishes no Indian price. The only rupee figures are the marketplace’s: across 60 handbag listings read on 24 September 2026 the median MRP was ₹3,87,500 and the median charged ₹3,62,990, or 93.7% of MRP. That median is the basis for the Luxury band on this page.
Why does Kering no longer publish Saint Laurent’s revenue?
From the first quarter of 2026 Kering reports four segments — Fashion & Leather Goods, Jewelry, Eyewear, and Corporate & Other — and gives House-level figures for Gucci only. FY2025, at €2,643 million of revenue and a 20.0% margin, is therefore the last stand-alone Saint Laurent line.
Can Saint Laurent tell me whether my bag is real?
Nothing published lets a buyer check one bag. There is no serial lookup, certificate, chip or code on ysl.com, and the STYLE ID on a product page is a catalogue reference every unit of that article shares. Kering is not an Aura Blockchain Consortium member either, so no digital passport applies.
References
- Kering, 2025 annual results release, 10 February 2026 — Saint Laurent revenue, recurring operating income, the 20.0% margin, the quarterly figures and the quoted sentence on efficiency measures
- Kering, 2025 Universal Registration Document (AMF reference D.26-0266) — the 1,719 directly operated stores at 31 December 2025, the supplier network sentence, the 4,124 supplier audits and the France Croco tannery entry
- Kering, first-quarter 2026 revenue, 14 April 2026 and first-half 2026 results, 28 July 2026 — the four-segment reporting with Gucci as the only House broken out, the group and segment figures, and both quoted passages about Saint Laurent
- Kering, new chief executives at Saint Laurent and Balenciaga, 18 November 2024 and the appointment of Luca de Meo, 16 June 2025 — Cédric Charbit’s appointment and effective date, the quoted line from Francesca Bellettini, and the group appointment
- Kering Standards for sustainable production, lodged 5 December 2025 — the tannery and slaughterhouse disclosure requirements, the deforestation cut-off, the fur sentence and the “strongly encouraged” wording on traceability systems
- Saint Laurent store locator — “2 STORES FOUND” for India, the two store names, their stated collections and hours, the appointment button and the 47-entry country list, read 24 September 2026
- Loulou medium product page, Mombasa medium in leather and the same Loulou article on the international site — style IDs, American prices, the composition and “MADE IN ITALY” lines, the STYLE ID and PRODUCT CARE fields, and the price-less international page with no cart, read 23 September 2026
- Saint Laurent United States terms and conditions of sale, dated June 2023 — Yves Saint Laurent America Inc. as seller of record with its New York address, and clauses 3.1 and 5.1 on how tax is treated
- Indian companies register mirror, Luxury Goods Retail Private Limited and a second mirror of the same company — the CIN, incorporation date, “Active” status, capital, activity code and address, the single-mirror revenue figure for the year to 31 March 2025, and the disagreement between mirrors over its last filings
- Indian companies register mirror, Darveys Global Store Private Limited and NR Wardrobe Fuss Private Limited — the CINs, the ₹1,00,000 of paid-up capital each and the shared directorships
- Myntra brand facets, two shelf soundings and 30 product declarations for Saint Laurent, with a control brand read the same day, 24 September 2026 — the 399 and 34 listing counts, the median MRP and median charged on both samples, the sellers of record, the importers and the countries of origin
- High Court of Delhi, 25 July 2018, CS(COMM) 220/2018 and High Court of Delhi, 18 September 2024, O.M.P.(T)(COMM.) 29/2023 — the decree, injunction, damages and costs in the perfumes matter, and the dismissal of the arbitration petition
- L’Oréal, European Commission approval of its acquisition of Yves Saint Laurent Beauté, 17 June 2008 — the beauty business sitting with L’Oréal rather than Kering
- Bottega Veneta, Certificate of Craft — the control for the authenticity search, and that house’s own description of it as a repair service
- Aura Blockchain Consortium — the founders and member brands listed, with neither Saint Laurent nor Kering among them
- Notification No. 9/2025-Integrated Tax (Rate), 17 September 2025, and the Union Budget customs annexure — 18% integrated GST on heading 4202, and the personal-import rate cut to 10% from 1 April 2026
As a business, Saint Laurent looks better than its last published year: revenue down 8% to €2,643 million in 2025, the margin held at 20.0%, and its owner describing a return to growth in the first half of 2026. Per product it is answerable too — “MADE IN ITALY” on the page, Italy on 29 of 30 Indian records read, and a rulebook asking leather suppliers to name the tannery, the tannery above it and the slaughterhouse.
For an Indian buyer almost none of that turns into paperwork. There is no Indian site, no Indian price, no seller of record, no grievance officer, no list of authorised sellers and no way to check one bag — while 433 listings trade under the name on a marketplace the house does not run, through two Delhi companies with ₹1,00,000 of capital each, at a handbag median MRP of ₹3,87,500 the house had no part in setting. And the one figure that let anyone measure the House has gone: from 2026 Kering breaks out Gucci and nothing else.
Buy at one of the two counters with an invoice in hand, or accept that the price, the seller and the recourse on an Indian Saint Laurent purchase are all somebody else’s.
