Puig Reports 4.1% Sales Increase for Q2
Spanish beauty and fashion company Puig reported a 4.1 percent increase in sales during the second quarter of 2026, reaching €1.14 billion on a reported basis. The growth was driven by fragrance and fashion, makeup, and dermocosmetics activities. CEO Jose Manuel Albesa highlighted that performance remained stable compared to Q1 and slightly exceeded market expectations, which had forecasted a 3.6 percent gain. For the first half of 2026, Puig's sales rose by 2.4 percent in reported terms and 4.4 percent on a like-for-like basis, totaling €2.35 billion. Despite this growth, net profit fell by 4.4 percent to €263 million due to higher costs or expenses. However, the company improved its profit margin by 15 basis points to 19.5 percent. Puig's fragrance and fashion segment accounted for 73 percent of total sales in H1 2026 with a like-for-like growth rate of 3.8 percent. The makeup division also performed well, contributing €359 million or 15 percent to overall net sales.
Topics: beauty industry corporate strategy sales