Makeup returned to growth, with Charlotte Tilbury driving strong Q2 performance. Skincare saw solid gains, especially in sun care and Charlotte Tilbury skincare. For the first half of 2025, Spanish beauty and fashion business Puig posted €2.3 billion in net revenue, up by 7.6% like-for-like (+5.9% reported). Makeup returns to growthMakeup returned to positive growth in H1 2025 with net revenue of €339 million and +2.0% LFL growth (+1.4% reported). This recovery was fuelled by strategic launches, notably from Charlotte Tilbury, and expanded geographical and channel reach.