Rekkit, a leading consumer goods company, reported a strong financial performance in their Q3 financial report. The company achieved net revenue of £3.6 billion ($4.37 billion), reflecting a growth rate of 3.4% on a like-for-like (LFL) basis. The growth in Q3 was primarily driven by Rekkit’s Hygiene and Health portfolio, which experienced a robust growth rate of 6.7% during the same period.
Geographically, its business in Europe rose 9% LFL, North America down 3.3%, and Developing Markets up 5%. The company stated that the growth in Q3 was led by Europe, Australia, and New Zealand (ANZ), as well as developing markets. However, in North America, LFL net revenue declined due to the performance of US Nutrition, which offset the strong growth of Rekkit’s Hygiene brands in the region.
Within the Health division, net revenue showed a positive growth rate of 5.4% on a LFL basis in Q3, amounting to £1.482 billion ($1.8 billion). Dettol, one of Rekkit’s prominent brands, maintained stability during the quarter and continued to achieve growth and gain market share across multiple markets. The ASEAN region, where Rekkit took prompt action to address specific challenges earlier in the year, showcased an improved performance in Q3.
Commenting on the results, Kris Licht, Chief Executive Officer, said:“Reckitt delivered a strong quarter with 6.7% LFL growth across our Hygiene and Health businesses and has maintained market leadership in our US nutrition business.