Puig Reports Growth in Q3 of 2026

Puig released its third-quarter (Q3) 2026 financial results, showing a record quarter of growth. 

Net revenue for Q3 reached €1,391 million, an increase of 5.6% on a like-for-like basis (LFL) and an increase of 7.2% on a reported basis.

All business segments and regions recorded LFL growth over the period, with double-digit growth in Niche Fragrances, Makeup, Dermo-Cosmetics and Asia- Pacific. 

Carolina Herrera delivered a strong performance, alongside promising early momentum for new launches such as Rabanne’s 1 Million Black and Jean Paul Gaultier’s La Favorite.

Jose Manuel Albesa, CEO of Puig, 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%. 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. We look forward to sharing an update on our strategy at our Capital Markets Day on October 28th, when we will set out our priorities for the next phase of Puig’s growth.”

Fragrance and Fashion grew +3.8% LFL (+3.2% reported) in the first nine months of 2026, generating net revenue of €2,702 million. The segment accounted for 72% of Puig’s net revenue in the period.

Makeup was Puig’s fastest-growing business segment in the first nine months of 2026, with net revenue up +12.0% LFL (+10.4% reported) to €628 million. The segment represented 17% of Puig’s net revenue in the period.

Skincare grew +1.3% LFL (+1.0% reported) in the first nine months of 2026, generating net revenue of €414 million. The segment represented 11% of Puig’s net revenue in the period.

Dermo-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.

The EMEA region grew the most with a net revenue of €1,949 million, accounting for 52% of Puig’s net revenue in the period.

The Americas grew 3.8% with a net revenue of €1,366 million, representing 36% of Puig’s net revenue in Q3.

Puig’s fastest-growing region was APAC, with net revenue up 17.9% LFL to €430 million.