Overview

• Puig's Q1 2025 sales reached €1.21 billion, reflecting a 7.8% increase on a reported basis and 7.5% like-for-like growth.
• Fragrance and fashion sales rose 10.4%, bolstered by strong performances from prestige and niche brands, including Rabanne and Carolina Herrera.
• Skincare grew 7.8%, led by Uriage launches, while makeup sales declined 4.2%, attributed to delayed product replenishment and competition from dupes.
• Regional growth was strongest in the Americas (+11.8%) and Asia-Pacific (+13.2%), with EMEA contributing 53% of total revenue.
• To address U.S. tariff impacts, Puig has pre-shipped inventory to U.S. warehouses and plans moderate price increases later in the year.