Puig Reports Record €1.391 Billion Quarter as Makeup and Asia-Pacific Drive Growth

Image courtesy of Puig. Makeup was Puig’s fastest-growing business segment over the nine-month period, while Asia-Pacific was its fastest-growing region. The company said both delivered double-digit growth, alongside niche fragrances and dermocosmetics.

All business segments and regions grew on a like-for-like basis in the first nine months. “Momentum was broad across business segments and regions,” chief executive Jose Manuel Albesa said in Puig’s results announcement.

The performance gives the group several sources of growth beyond its core fragrance business as it approaches its next strategy update. Puig highlighted Carolina Herrera’s performance and described early momentum for Rabanne’s 1 Million Black and Jean Paul Gaultier’s La Favorite as promising.

The group reiterated its full-year 2026 outlook. Its first Capital Markets Day is scheduled for October 28, when management plans to set out priorities for the next phase of growth.