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Spanish family-owned beauty and fashion group, owning fragrance/cosmetics brands like Paco Rabanne, Carolina Herrera and Jean Paul Gaultier.
Spanish family-owned beauty and fashion group, owning fragrance/cosmetics brands like Paco Rabanne, Carolina Herrera and Jean Paul Gaultier.
Earns by selling fragrances and beauty products to perfumery chains, department stores and travel-retail shops, with fragrance, much of it tied to fashion names it owns, the base. Charlotte Tilbury, Byredo and Dr. Barbara Sturm were bought to widen it into makeup and skincare. The Puig family still controls it; Class B shares were sold to the public in 2024.
In one line: A Spanish Coty/Estee Lauder in prestige fragrance.
Moat: narrow (brand, distribution). Portfolio of licensed fashion-house fragrance brands with strong travel-retail and department-store distribution.
Headquarters: Barcelona, Spain · Founded: 1914 · Employees: 13,016
Size Puig Brands (PUIG.MC) is a Spain Consumer Staples company (Household/Personal Care) with a market value of $12.5B, the 19th largest of 97 Spain companies the cockpit tracks. Shares closed at €19.84 on 6 Nov 2026.
Performance Over six months the shares gained 15.8%, against +15.7% for the median peer and +8.2% for the Spain market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 3.6% over the last twelve months (peer median +7.5%); the operating margin is 16.1% (peer median 13.9%).
Valuation It trades at 17.9× forward earnings against a peer median of 24.5× (7th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is -15 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.4 points above its cost of capital (5.5% WACC).
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €5.10B | €5.04B | €4.79B | €4.30B | €3.62B |
| Revenue growth | — | +5% | +11% | +19% | — |
| Gross profit | €3.58B | €3.55B | €3.38B | €3.04B | €2.55B |
| EBITDA | €1.06B | €1.05B | €969M | €867M | €677M |
| Net income | €582M | €594M | €531M | €465M | €399M |
| Free cash flow | €690M | €757M | €618M | €449M | €326M |
| Capital expenditure | €207M | €198M | €191M | €178M | €152M |
| Total debt | n/a | €1.76B | €2.05B | €2.46B | €2.09B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Puig Brands PUIG.MC | $12.5B | +16% | +4% | 16% | 17.9× | -3.0% |
| L'Oreal OR.PA | $268B | +25% | +3% | 21% | 32.8× | 18.1% |
| Coty COTY | $3.57B | +64% | -1% | 5% | 13.3× | 11.3% |
| Estée Lauder Companies (The) EL | $39.9B | +28% | +6% | 13% | 31.1× | 16.8% |
| LVMH Moet Hennessy Louis Vuitton MC.PA | $226B | -11% | -4% | 22% | 18.6× | 10.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PUIG.MC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.0% | +9.8% | 10th highest of 21 |
| 6-month return | +15.8% | +15.7% | 11th highest of 21 |
| Distance from 52-week high | -1.7% | -10.2% | 3rd highest of 21 |
| Revenue growth (TTM) | +3.6% | +7.5% | 8th lowest of 21 |
| Operating margin | 16.1% | 13.9% | 9th highest of 21 |
| Forward P/E | 17.9× | 24.5× | 7th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | -3.0% | 4.7% | 2nd least demanding of 20 |
| Growth delivered (Del g) | +11.7% | +5.4% | 6th highest of 20 |
| Hurdle (Req g minus delivered) | -14.6 pp | -2.6 pp | 4th least demanding of 20 |
| ROIC minus cost of capital | +5.4 pp | +5.7 pp | 10th lowest of 20 |
| EV / EBITDA | 12.0× | 15.9× | 6th cheapest of 18 |
| Net debt / EBITDA | 1.5× | -0.2× | 6th most indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Puig Brands PUIG.MC | Spain | $12.5B | +16% | +4% | 16% | 17.9× | -3.0% | +11.7% |
| Marico MARICO.NS | India | $12.3B | +8% | +20% | 16% | 51.8× | 28.0% | +11.1% |
| Unicharm 8113.T | Japan | $12.1B | +15% | 0% | 12% | 24.5× | -2.0% | +5.4% |
| Clorox CLX | United States | $12.1B | +8% | +6% | 14% | 17.4× | 2.7% | -1.8% |
| Shiseido 4911.T | Japan | $9.52B | +20% | +5% | 4% | 32.8× | 17.5% | +1.0% |
| Godrej Consumer Products GODREJCP.NS | India | $9.19B | -18% | +12% | 18% | 37.0× | 31.7% | +6.6% |
| Essity ESSITY-A.ST | Sweden | $19.9B | +17% | -2% | 12% | 15.4× | -3.3% | +2.6% |
| Beiersdorf BEI.DE | Germany | $20.4B | +21% | -2% | 12% | 22.6× | -2.3% | +7.0% |
| Kao 4452.T | Japan | $21.8B | +33% | +6% | 10% | 24.4× | 1.5% | +4.1% |
| Dabur India DABUR.NS | India | $7.13B | -19% | +9% | 15% | 32.1× | 27.3% | +6.6% |
| APR 278470.KS | South Korea | $7.04B | -40% | +119% | 23% | 17.4× | -1.4% | +47.3% |
| e.l.f. Beauty ELF | United States | $6.85B | +91% | +31% | 12% | 35.4× | 27.9% | +38.8% |
| Church & Dwight CHD | United States | $25.8B | +17% | +2% | 18% | 27.4× | 6.9% | +4.8% |
| Amorepacific 090430.KS | South Korea | $6.03B | -1% | +10% | 9% | 23.8× | 4.0% | -0.8% |
| DSM-Firmenich DSFIR.AS | Netherlands | $29.5B | +62% | -45% | 8% | 30.1× | 24.3% | +2.5% |
| Reynolds Consumer Products REYN | United States | $5.08B | +10% | +2% | 14% | 14.6× | -0.2% | +2.7% |
| Mao Geping Cosmetics 1318.HK | Hong Kong | $4.92B | -28% | +32% | 31% | 15.0× | 4.7% | +41.1% |
| Cupid CUPID.NS | India | $4.83B | +158% | +122% | 34% | n/a | n/a | n/a |
| Colgate-Palmolive (India) COLPAL.NS | India | $4.83B | -23% | +9% | 28% | 32.2× | 30.8% | +4.5% |
| Interparfums IPAR | United States | $4.34B | +43% | +3% | 17% | 29.0× | 10.9% | +22.5% |
| Rohto Pharmaceutical 4527.T | Japan | $3.97B | +17% | +10% | 12% | 16.7× | -2.1% | +13.7% |