Puig's sales grow by 5% amid a stock market slump

BarcelonaThe Catalan multinational fashion and beauty company Puig reported sales of €3.596 billion through September, a 4.9% increase compared to the first nine months of last year. During the third quarter, the company achieved sales of €1.297 billion, a 3.2% increase. Unlike the publication of its half-year results, when the company also reported a profit of 247 million eurosIn this case, it has only provided information on billing to the National Securities Market Commission (CNMV). Since its initial public offering in May of last yearPuig's share price has plummeted, accumulating a drop of almost 22% in the last year. However, the president of the Barcelona-based corporation, Marc Puig, emphasized that the company has closed "another solid quarter" sustained by growth in all its business segments and the strength of its brands. "We are facing the Christmas season with full confidence, thanks to our solid execution capabilities, our disciplined management, and relevant launches," he added. For example, he highlighted the La Bomba perfume by Carolina Herrera, one of its flagship brands. This boost would have offset the slowdown in the fragrance market and the impact of exchange rates. Despite the ups and downs on the stock market, Puig has reaffirmed its outlook for 2025 and is confident that its sales growth will be between 6% and 8%. The fourth quarter is typically one of the most profitable for the company, coinciding with the Christmas season. The group's strategy will be updated during its next Capital Markets Day, to be held on April 16 and 17, 2026.