Reckitt Benckiser Group Plc gives fastest net revenue growth guidance in at least a decade

Reckitt Benckiser Group Plc (LON: RB.) backed by its disinfection business has raised its full-year guidance for net revenue growth to low double digits as compared to previously announced high single-digit. It is the fastest growth in at least a decade.

  • For the third quarter of 2020, the company’s Hygiene segment reported like-for-like (LFL) growth of 19.5 per cent, led by brands like Lysol, Air Wick and Finish, which had posted double-digit growth in most markets.
  • Health segment reported an LFL growth of 12.6 per cent, led by the surge in demand trends for Dettol and Durex. The Nutrition segment reported an LFL growth of 4.1 per cent for the third quarter.
  • On 21 October 2020, the stocks of the company were down by 1.45% from the previous closing, hovering at GBX 7,088.00 at 09:20 AM GMT+1.