UK's Reckitt Q3 like-for-like revenue rises 3.2% on Emerging Markets growth

Overview

• UK consumer health and hygiene group's Q3 like-for-like revenue grew 3.2% yr/yr

• Emerging Markets led growth, while North America declined due to Lysol supply constraints

• Company began £500 mln share buyback programme in August 2026

Outlook

• Reckitt forecasts FY 2026 Core LFL net revenue growth of 3.5% to 4.5%

• Company expects Emerging Markets to deliver high-single-digit growth in FY 2026

• Reckitt continues to expect FY 2026 Core Reckitt + MJN adj operating profit margin of 24.9% to 25.6%

Result Drivers

• EMERGING MARKETS - Co said growth in Emerging Markets, led by double-digit gains in South Asia/India, ASEAN and Africa, drove overall Q3 revenue

• LYSOL SUPPLY CONSTRAINTS - Temporary manufacturing capacity constraints limited ability to meet strong Lysol demand in North America, negatively impacting the market's LFL revenue by 1.3%

• PRODUCT INNOVATION - Co said new product launches and premiumisation, including Gaviscon Double Action and Durex Intensity, supported growth in Europe and Emerging Markets

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the household products peer group is "buy"

• Wall Street's median 12-month price target for Reckitt Benckiser Group PLC is GBp6,200.00, about 13.1% above its October 26 closing price of GBp5,484.00

• The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)