Reckitt Benckiser Q1 Group LFL Revenue Growth At 0.6%; Core Reckitt LFL Net Revenue Growth At 1.3%

Reckitt Benckiser's Core Reckitt delivered first-quarter like-for-like net revenue growth of 1.3%, with performance weighed by very low seasonal incidence, weak European categories, and geopolitical disruption. Excluding seasonal OTC, Core Reckitt grew 3%, suggesting the underlying trend was better than the headline figure. The update points to mild operational headwinds rather than a major earnings shock.

Analysis

Reckitt Benckiser's Core Reckitt delivered first-quarter like-for-like net revenue growth of 1.3%, with performance weighed by very low seasonal incidence, weak European categories, and geopolitical disruption. Excluding seasonal OTC, Core Reckitt grew 3%, suggesting the underlying trend was better than the headline figure. The update points to mild operational headwinds rather than a major earnings shock.