New Delhi, Oct. 24 -- Steady quarter, hot engine, nine-month revenue up 9 percent as retail holds full price and China and the US regain traction

Milan - The quarter did not break speed records. It did something more useful: it held. In its latest nine-month revenue update, Prada Group said sales reached €4.07 billion, up 9 percent at constant exchange, while retail remained the engine that matters. The print extends a long run of positive quarters and lands in a sector re-rating off last week's French bellwether rally. For editors, that is the headline. For investors, the subtext is clearer: the base looks firmer than it did six months ago, and the quality of growth remains full-price.

What underwrites that steadiness is not a fl...