Puig Brands SA
PUIG
ISIN ES0105777017 / Valor 134697076
Puig Brands SA
UMushroom community rating:
About company
Puig Brands SA is a global player in the beauty and fashion industry, known for its innovative approach to creating and marketing a wide range of products. The company operates through a unique model it refers to as "Invisible Beauty," which is executed by 51 makers teams. These teams have been instrumental in generating significant impact, reaching over 10 million direct and indirect beneficiaries across Europe, Latin America, the U.S., Africa, the Middle East, and Asia. This expansive reach is a testament to the company's successful penetration of global markets and its ability to adapt and grow in diverse cultural landscapes. The Makers program, a key initiative by Puig, has been pivotal in evolving the company's projects to not only increase their social impact but also to enhance their financial performance, as evidenced by the growth in turnover. This indicates a strategic blend of creativity, social responsibility, and business acumen in Puig Brands SA's operations, positioning it as a significant entity in the beauty and fashion sectors worldwide.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (27.11.2025):
Puig Brands SA — H1 2025 results (first half of 2025): the company reported strong top‑line and margin progress, with net revenue of €2,299.3m (+7.6% like‑for‑like, +5.9% reported), adjusted EBITDA up 8.6% to €445.4m (19.4% margin), and adjusted net profit of €247.3m. Reported net profit rose to €275.0m, while net debt/adjusted EBITDA stood at 1.4x, and the company reiterated its FY2025 guidance.
Revenue performance
Net revenue €2,299.3m in H1 2025 (+7.6% LFL; +5.9% reported). Fragrance & Fashion: €1,684.7m (+8.6% LFL; 73% of revenue). Makeup: €339.1m (+2.0% LFL; Q2 recovery with +10.5% LFL). Skincare: €275.5m (+8.6% LFL).
Profitability
Adjusted EBITDA €445.4m (+8.6% YoY) with margin up ~50bp to 19.4%. Adjusted net profit €247.3m (10.8% margin). Reported net profit €275.0m (+78.8% YoY), reflecting non‑recurrence of 2024 IPO‑related costs. Adjusted EPS €0.44 for H1 2025.
Margins & costs
Gross margin stable at 75.8%. A&P investment intensity increased by 1.4 percentage points vs H1 2024 to support brand building; this was offset by SG&A and distribution efficiencies and higher D&A from network investments.
Cash flow & balance sheet
Free cash flow from operations improved but remained negative at (€116)m (seasonal working capital build vs (€173)m in H1 2024). Net debt €1,426m and Net Debt / Adjusted EBITDA 1.4x, comfortably below the 2.0x medium‑term threshold.
Regional dynamics
Broad‑based international growth: Americas +10.9% LFL, Asia‑Pacific +16.5% LFL (notably Korea & Japan), EMEA +3.6% LFL.
Operational highlights & brands
Brand momentum: three Puig fragrances (Rabanne, Carolina Herrera, Gaultier) in global top‑10; Charlotte Tilbury #1 prestige makeup UK and #3 in the US. Notable launches/prelaunches include Carolina Herrera’s La Bomba and Charlotte Tilbury product rollouts; Byredo delivered double‑digit niche growth.
Corporate & outlook
Mgmt: Jose Manuel Albesa appointed Deputy CEO (overseeing all divisions) reporting to Marc Puig. Outlook: FY2025 guidance reiterated — LFL revenue growth target 6–8% and continued Adjusted EBITDA margin expansion. Puig remains selective on M&A and maintains financial flexibility.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
3002 M
Market cap (USD)
457,870
Daily traded volume (Shares)
18.035 / 17.615
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
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Ratings & reviews
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