Puig reports USD 1.6M revenue in Q3 FY26
All business segments and regions recorded like-for-like growth, with double-digit gains in niche fragrances, makeup, dermo-cosmetics, and Asia-Pacific.
SPAIN – Puig has reported a 7.2% increase in net revenue for Q3 2026, with revenue rising from USD 1.44 million to USD 1.56 million.
The company delivered consistent performance during the first nine months of 2026, as net revenue grew 4.8% on a like-for-like basis and 4.1% on a reported basis to USD 4.19 million.
Carolina Herrera delivered a particularly strong performance, while new launches such as Rabanne’s 1 Million Black and Jean Paul Gaultier’s La Favorite showed encouraging early momentum.
Currency movements positively affected reported net revenue by 1.7% in Q3, primarily due to the stronger US Dollar.
This reversed the negative currency impact Puig had experienced during the first half of the year.
Puig CEO Jose Manuel Albesa, stated, “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%.”
“Asia-Pacific, Niche Fragrances, Dermo-Cosmetics and Makeup were particularly strong, delivering double-digit growth, alongside continued healthy growth in Fragrance and Fashion.”
Fragrance and Fashion grew 3.8% on a like-for-like basis, or 3.2% on a reported basis, in the first nine months of 2026, generating net revenue of USD 3.02 million.
The segment accounted for 72% of Puig’s total net revenue during the period.
In Q3, net revenue increased 3.9% like-for-like and 5.7% on a reported basis to USD 1.1 million.
Niche Fragrances continued to deliver double-digit growth, supported by strong performance from Carolina Herrera.
Key launches included La Favorite, Jean Paul Gaultier’s first feminine fragrance launch in 10 years, and Rabanne’s 1 Million Black, which achieved promising early results.
Makeup was Puig’s fastest-growing segment in the first nine months of 2026, with net revenue up 12% like-for-like and 10.4% on a reported basis to USD 703 million.
It represented 17% of the company’s total net revenue.
During Q3, Makeup net revenue rose 16.1% like-for-like and 17.2% on a reported basis to USd 302 million.
Strong sell-out performance was supported by continued value market-share gains across regions, innovation, and modest distribution expansion in selected markets. Notable launches included Charlotte Tilbury’s Airbrush Flawless Blur Loose Powder and the reformulated Blush Blur within the same franchise.
Skincare increased 1.3% like-for-like, or 1.0% on a reported basis, in the first nine months of 2026, generating net revenue of USD 463 million.
Dermo-Cosmetics, a strategically important long-term area led by Uriage, continued to deliver double-digit growth in Q3.
However, premium skincare remained soft, in line with recent quarterly trends.
Puig has reaffirmed its full-year 2026 outlook, expecting to outperform the premium beauty market on a like-for-like basis.
The company also expects Adjusted EBITDA margins to remain stable, consistent with full-year 2025.
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