Puig’s 11.6 percent like-for-like sales growth in the third quarter beat market expectations.

The company swiftly outpaced financial analysts’ consensus of 8.8 percent.

“We view this as a strong sales result and reassuring outcome versus first-half results amid some increasing nervousness around fragrance market growth,” wrote Molly Wylenzek, an equity analyst at Jefferies, in a note.

The Spanish beauty and fashion company released earnings after the market closed on Tuesday. Sales at the owner of Rabanne, Carolina Herrera, Byredo and Charlotte Tilbury in the three months ended Sept. 30 amounted to 1.26 billion euros, up 11.1 percent on a reported basis. Business was bolstered by the group’s fragrance and fashion activity, and the EMEA market.