Soaring Dettol sales during pandemic provide boost for Reckitt Benckiser

Reckitt Benckiser has said that it expects 2020 to be better than previous forecasts as Dettol sales soared during the pandemic.
The company has provided an update for the stock exchange.The company has provided an update for the stock exchange.
The company has provided an update for the stock exchange.

The British-Dutch consumer goods giant said sales in its health business were up by 9.3% in the first half of the financial year while the hygiene business expanded 16%. Overall net revenue was up 12% on a like-for-like basis.

Meanwhile, the business has seen a “very strong shift to ecommerce”, according to chief executive Laxman Narasimhan, with 12% of its revenue now coming from online sales as e-commerce grew by 60%.

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Mr Narasimhan said: “The first six months of 2020 have been underpinned by resilience, agility and strong execution. I’m incredibly proud of the effort of our people who have worked tirelessly, while staying safe, with focus and dedication in an environment that’s been changing daily.

“We have the largest portfolio of surface disinfectant brands, including Dettol, Lysol and Sagrotan. Our largest brands are trusted by our consumers, as evident in their performance.”

He added: “Our hygiene and base health businesses have both performed well, with strong volume growth in challenging circumstances.”

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