Puig sales growth slows despite stable revenue

Spanish beauty company Puig (PUIGb.MC) reported slower sales growth on Tuesday, reflecting more moderate demand particularly in fragrances which account for the bulk of its sales. The results highlight growing pressure on the global ‌beauty sector as geopolitical tensions in the Middle East disrupt airport shopping and curb international travel, a key sales channel for premium fragrance makers. The slowdown also follows a loss of momentum in the broader fragrance market as consumers turn more cautious, raising concerns about the sustainability of recent growth trends across the industry. ($1 = 0.8538 euros)