Spain’s luxury goods and cosmetics group Puig, owner of Paco Rabanne and Jean Paul Gaultier, reported a significant profit increase in the first half of 2025, driven by strong sales, particularly in fragrances.
The company posted a net profit of EUR 275 million for the first half of the year, up 78.8% on the same period in 2024 (EUR 154 million).
Puig said earnings rose in part because it no longer had to absorb the exceptional IPO costs of 2024 — about EUR 119.7 million — largely related to extraordinary employee bonuses.
“We delivered strong growth in every region,” said the company’s Chairman and CEO, Marc Puig, in a press release, emphasizing the good health of the its brands, in particular in fragrances and makeup.
The cosmetics group’s revenue reached EUR 2.29 billion in the first half of the year, up 7.6% from 2024 like-for-like, with a notable 8.6% increase in the fragrance and fashion sector, which accounts for 73% of its sales.
Founded in Barcelona in 1914 by entrepreneur Antonio Puig Castellò, the Catalan beauty group went public on May 3, 2024, aiming to challenge industry leaders with brands such as Paco Rabanne, Nina Ricci, Charlotte Tilbury, and Jean-Paul Gaultier.
At that time, Puig’s Chairman and CEO emphasized that the listing would instill market “discipline” and help the company avoid the “challenges” that family-owned businesses often face during generational transitions.
