Business · Markets · 3 hrs ago
Puig shares rise 31% in 2026 but remain below their IPO price
Spanish beauty group Puig’s shares rose 31% in 2026, nearing their highest level of the year.
They closed at 19.48 euros, but remain 20.49% below the 24.50-euro price at which the company went public in May 2024.
Investor confidence has followed record sales of 1.391 billion euros in the third quarter, up 5.6% on a comparable basis and above market expectations.
Puig also bought the remaining 50% of skincare company Isdin in September, giving it full ownership.
At an investor meeting, Puig set a target of 8 billion euros in sales by 2032 and an adjusted EBITDA margin of 22.5%, a measure of how much profit it makes from its operations.
Analysts see room for the shares to rise, with the average target price at 21 euros, though Puig’s stock is still below its IPO price.
The company’s 2032 targets set out its longer-term plan, while analysts expect Isdin’s integration and business efficiencies to support growth and margins.
Puig shares rose 31% in 2026 but remained 20.49% below their May 2024 stock market debut price.
The shares gained 1.14% to €19.48 on the day before the report and briefly passed their previous 2026 high of €19.59.
Investors have backed the company after its first Investor Day and its purchase of the remaining 50% of Isdin.
Puig reported record sales of €1.391 billion for the period reported on 21 October, up 5.6% on a comparable basis.
The company’s Vision 2032 plan targets sales of €8 billion and an adjusted EBITDA margin of 22.5% in 2032.
- Who
- Puig, the Spanish perfume and beauty group.
- What
- Its shares rose 31% in 2026 but remained 20.49% below their IPO price.
- When
- The report was published on 3 November 2026. The shares rose 31% during 2026.
- Where
- Spain’s stock market.
- Why
- Investors have backed Puig after its Investor Day, its Isdin purchase and better-than-expected sales. Analysts also cited its growth prospects and strategic targets.
This story does not have two clearly opposing sides.
Puig made its stock market debut at €24.50 a share.
Puig bought from Esteve the 50% of Isdin that it did not already control.
Puig reported record sales of €1.391 billion, with comparable growth of 5.6%.
Puig held its first Investor Day.
The shares rose 1.14% to €19.48 and briefly passed their previous 2026 high of €19.59.
- Share rise in 2026
- 31%
- Share price in report
- €19.48
- Previous 2026 high
- €19.59 on 21 October
- IPO price
- €24.50 on 3 May 2024
- Sales reported on 21 October
- €1.391 billion, up 5.6% on a comparable basis
- Vision 2032 targets
- €8 billion in sales and a 22.5% adjusted EBITDA margin
What people are saying
It shows that the company’s goal is not simply to grow, but to do so profitably, and that the initial dilution of margins from integrating Isdin will be offset by synergies, integration of structures and efficiency improvements, as well as a more favourable mix