Financial PerformancePuig's Q3 sales exceeded expectations with a like-for-like growth of 11.6%, outperforming the consensus of 8.8%.
Market PositionEuropean investors can now tap into a prestige beauty play with Puig, which is linked to high-growth categories like fragrances and derma, owning top brands such as Charlotte Tilbury and Byredo.
ValuationThe valuation appears more compelling after a pullback, offering an attractive entry point into the strong Fragrances market.