Puig agrees to buy ISDIN stake: Puig stock sits 1.07 percent below its high

Published on 10/21/2026 at 11:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Puig expands skincare with ISDIN. Puig stock costs EUR 19.42 on October 21, 2026, 1.07 percent below its 52-week high, with EUR 11.0 billion in value.

Skincare expansion shapes next test

Puig agreed to buy the remaining ISDIN stake for EUR 1.20 billion on September 14, 2026.
First-half 2026 net revenue reached EUR 2.3537 billion, up 2.40 percent on the prior year.
Puig stock was trading at EUR 19.42 at 11:00 a.m. CEST at Lang & Schwarz on October 21, 2026.
Puig will hold its Capital Markets Day on October 28, 2026.

Puig, ES0105777017, Illustration mit AI erstellt.

Puig (ISIN ES0105777017) was trading at EUR 19.42 at Lang & Schwarz on October 21, 2026, 1.07 percent below its 52-week high of EUR 19.63. The stock story is tied to the company's planned expansion in skincare after an ISDIN agreement valued at EUR 1.20 billion.

According to Benzinga, Puig announced the agreement on September 14, 2026 to acquire the remaining 50 percent of ISDIN from Esteve. The transaction would give Puig full control of the skincare business, subject to competition approvals, with completion expected by the end of the first quarter of 2027.

ISDIN adds EUR 1.20 billion

The strategic logic is diversification. Skincare represented 12 percent of Puig's first-half 2026 sales, compared with 73 percent for Fragrance and Fashion, according to the same Benzinga report. That mix leaves room for skincare growth, but the acquisition also brings a large capital commitment.

What will the October sales show?

Puig's first-half 2026 net revenue was EUR 2.3537 billion, an increase of 2.40 percent from EUR 2.2993 billion in the first half of 2025. The company's adjusted EBITDA reached EUR 459.6 million, up 3.20 percent, while adjusted EBITDA margin improved to 19.50 percent, according to the CNMV filing. Makeup grew 9.10 percent on a like-for-like basis, faster than the group's total comparable growth of 4.40 percent.

Bolsamania reported on October 21, 2026 that Puig was due to publish its third-quarter sales update after the market close. Renta 4 expected comparable sales growth of 4.20 percent for the quarter, below the 5.20 percent consensus cited in the report.

The next dates are October 21 and 28

The October 21, 2026 third-quarter sales update is the next operating checkpoint, followed by Puig's Capital Markets Day on October 28, 2026. Investors will be looking for evidence that Makeup can maintain its 9.10 percent first-half growth while the group integrates ISDIN.

Stock holds near its yearly high

Puig's EUR 19.42 indication at Lang & Schwarz on October 21, 2026 leaves the stock EUR 0.21 below its 52-week high of EUR 19.63. The company carried a market capitalization of EUR 11.0 billion as of October 21, 2026.

The further course of trading is shown by the continuously updated real-time quote of Puig stock.