Reckitt Exceeds Sales Expectations with Emerging Markets Boost
Reckitt, known for products like Durex and Lysol, surpassed expectations with a 1.9% rise in second-quarter net sales, driven by emerging markets. The company increased its 2025 revenue growth forecast for its core business to over 4%. Operating profit hit £1.71 billion, above projections.
Reckitt, a prominent player in the consumer goods industry, surpassed second-quarter sales expectations, reporting a 1.9% rise in like-for-like net sales, buoyed by strong performance in emerging markets.
The manufacturer of renowned products such as Durex condoms and Lysol cleaning solutions also upgraded its 2025 revenue growth forecast to over 4%, exceeding previous estimates of between 3% and 4%. This reflects the company's confidence in its core business potential.
Despite facing a challenging consumer landscape in developed markets, Reckitt's operating profit for the first half of the year reached £1.71 billion, surpassing analysts' expectations. CEO Kris Licht highlighted the firm's resilience and successful navigation through diverse market conditions.
(With inputs from agencies.)
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