Puig reported net revenue of €1.39 billion in Q3 2026, up 5.6% on a LFL basis and 7.2% on a reported basis with LFL growth accelerating from 4.4% in H1. For the first nine months of the year, revenue rose 4.8% LFL and 4.1% on a reported basis to €3.74 billion.
Fragrance and Fashion remained Puig’s largest business, with Q3 revenue of €986m and LFL growth of 3.9% with continued double-digit growth in Niche Fragrances and strong performance by Carolina Herrera.
Makeup remained the fastest-growing segment, rising 16.1% LFL to €270m. Puig attributed sales to continued value market-share capture across regions, innovation and modest distribution gains in selected markets.
Skincare decreased 0.8% LFL to €135m. Dermo-Cosmetics delivered double-digit growth, while premium skincare remained soft.
APAC was the fastest-growing region, with Q3 revenue up 12.9% LFL to €157m. The Americas grew 6.2% to €507m and EMEA grew 3.8% to €728m. For the first nine months, growth was 17.9% in APAC, 3.8% in the Americas and 3.0% in EMEA.
Puig reaffirmed its 2026 outlook, expecting LFL revenue to outperform the premium beauty market and adjusted EBITDA margin to remain stable in line with FY 2025.
