Puig has registered profit growth for the first time this year. The figure reaches practically 4 trillion by 2025, thanks to strong growth in the prestige and niche fragrances division.
The Catalan firm has seen growth, mainly due to an increase in purchases of products from Charlotte Tilbury, Rabanne, Carolina Herrera, Byredo, and other niche brands including Dries Van Noten and Penhaligon. By region, the greatest growth has been recorded in Europe and the Americas, while Asia shows signs of recovery. The company reaffirms its outlook for 2025, expecting to surpass 5 billion euros and further improve its profit margin.
These increases, as indicated by the specialized portal Bolsamanía, occurred the day after the company presented its third-quarter and first nine-month results, in which it reported that its revenues had risen to nearly 4 billion euros in the first three quarters. Fragrance and fashion accounted for 73% of the Catalan company's turnover, with sales exceeding 2.6 billion euros. Makeup, for its part, reached almost 570 million, 6.4% more and 16% of net sales.