Net Revenue Soars 7.2% for Puig in Q3 2026

Net revenue grew 7.2% for Puig in Q3 2026 from $1.44 million to $1.56 million, officials said.

Puig delivered a consistent performance in the first nine months of 2026, with net revenue up 4.8% like-for-like growth (4.1%) reported to $4.19 million. All business segments and regions recorded LFL growth over the period, with double-digit in niche fragrances, makeup, dermo-cosmetics and Asia-Pacific. Carolina Herrera delivered a noteworthy performance, officials said, alongside early momentum for new launches such as Rabanne’s 1 Million Black and Jean Paul Gaultier’s La Favorite.

During Q3, currency movements positively impacted reported net revenue by 1.7%, primarily due to the strength of the US Dollar, reversing the trend of negative impact seen in the first half of the year, officials said.

“I’m pleased with our strong and consistent delivery in the first nine months of 2026, with growth of 4.8%, alongside a record third quarter, up 5.6%,” said Puig CEO Jose Manuel Albesa. “Momentum was broad across business segments and regions. Asia-Pacific, Niche Fragrances, Dermo-Cosmetics and Makeup were particularly strong, delivering double-digit growth, alongside continued healthy growth in Fragrance and Fashion. This performance reflects the strength of our innovations and our distinctive portfolio and is in line with our outlook for the year.”

Fragrance and Fashion

Fragrance and Fashion grew 3.8% LFL (3.2%) in the first nine months of 2026, generating net revenue of $3.02 million. The segment accounted for 72% of Puig’s net revenue in the period. In Q3, net revenue grew 3.9% LFL (5.7%) to $1.1. million with Niche Fragrances continuing to deliver double-digit growth alongside strong delivery by Carolina Herrera. Noteworthy launches in Q3 included La Favorite, the first feminine launch by Jean Paul Gaultier in 10 years, and Rabanne’s 1 Million Black with promising early results, officials said.

Makeup

Makeup was Puig’s fastest-growing business segment in the first nine months of 2026, with net revenue up 12% LFL (10.4% reported) to $703 million. The segment represented 17% of Puig’s net revenue in the period.

In Q3, net revenue grew 16.1% LFL (17.2% reported) to $302 million. Strong sell-out performance was supported by continued value market share capture across regions, as well as by innovation and modest distribution gains in selected markets. Noteworthy launches in Q3 included the Airbrush Flawless Blur Loose Powder, alongside the reformulated Blush Blur within the same franchise from Charlotte Tilbury.

Skincare

Skincare grew 1.3% LFL (1.0% reported) in the first nine months of 2026, generated net revenue of $463 million. The segment represented 11% of Puig’s net revenue in the period. Derm-Cosmetics, a segment of strategic long-term focus led by Uriage, continued to deliver double-digit growth in Q3, while premium skincare remained soft, in line with recent quarters.

2026 Outlook

Puig reaffirms its FY 2026 outlook, expecting to outperform the premium beauty market on a like-for-like basis while anticipating that Adjusted EBITDA margins will remain stable, in line with FY 2025.