The Barcelona-based beauty company Puig reported quarterly sales, excluding currency fluctuations, rose 7.6% from a year ago, in line with the growth it expects for the full year. CEO Marc Puig expressed confidence that the group could weather US tariffs and has formulated a dupe “revenge plan."Puig said, “In the first half of 2025, we delivered strong and consistent revenue growth of 7.5% LFL growth in Q1 and 7.7% in Q2. We showed robust performance across our segments and regions, reflecting the health and resilience of our portfolio in an evolving global beauty market."The Barcelona-based group confirmed that it expects revenue growth to decelerate to between 6% and 8% in 2025 after an 11% increase in 2024, as it navigates the challenge of expected higher tariffs in the United States, one of its biggest markets.Puig said during an analysts call that whatever tariffs will be, the impact this year "will be relatively minor because most of the stock is already in the United States."Puig generated €2,299 million ($2.48 billion) in net revenue in H1 2025. This represented +7.6% LFL growth compared to the same period of 2024 and +5.9% on a reported basis. Exchange rates had a negative impact of (1.7%) in the first half of 2025.Performance in Q2 remained consistent with Q1, registering €1,093 million ($1.27 billion)  in revenues, and +7.7% LFL growth. This was offset by a negative FX impact of (3.8%), resulting in reported growth of +3.9%.Puig continued, "Fragrance continues to show healthy underlying growth after several exceptionally strong quarters, albeit at a slightly more moderate pace, and it is encouraging to see the recovery of makeup in Q2.