Puig’s net revenue for the first half of 2025 was €2,299 million. This represents an increase of 7.6% compared to the same period in 2024 and of 5.9% on a reported basis, taking into account the negative impact of exchange rates for the first half of 2025 (-1.7%). Puig’s results in the second quarter (+7.7%) remained at the same level as in the first quarter (+7.5%).
“We delivered strong performance across all our segments and regions, underscoring the health and resilience of our portfolio in the evolving global beauty market,” said Marc Puig, Chairman and Chief Executive Officer .
Puig’s Fragrance & Fashion business segment posted net revenue of €1,685 million in the first half of 2025, up 8.6% at comparable prices (+6.5% reported), representing 73% of Puig’s total revenue for the period.
The Make-up segment again showed positive growth in the first half of 2025 with net revenues of €339 million and comparable sales growth of 2.0% (+1.4% reported), accounting for 15% of the group’s revenue.
Ultimately, the Skin Care segment continued to perform well in the first half of 2025, with net revenues of €276 million and LFL growth of 8.6% (+8.1% reported), representing 12% of Puig’s net revenues for the period.
“The fragrance sector continues to show stable underlying growth after several exceptional quarters, albeit at a somewhat more moderate pace, and gives hope for a recovery in the cosmetics market in the second quarter. We remain confident in our ability to outperform the premium cosmetics market and maintain our full-year outlook,” added Marc Puig.
Although the EMEA region remains the company’s main source of revenue (52% for the reporting period), it also demonstrated the lowest growth rate in the first half of 2025 (+3.6% or +3.9% reported).
In the Americas, net sales in the first half of 2025 continued to grow strongly, reaching €867 million, up 10.9% on a comparable basis (+6.5% reported). This represented 38% of Puig’s net sales.
In turn, net revenue in the Asia-Pacific region reached 234 million euros in the first half of 2025, an increase of 16.5% compared to the same period last year (+14.7% reported) and accounting for 10% of Puig’s net revenue for the period.
Puig confirmed that it maintains its growth forecast for the full year 2025 at 6-8% on a comparable basis.