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Post-lockdown colds spur sales at Strepsils and Nurofen maker
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Reckitt Benckiser enjoyed better than expected results thanks to demand for its treatments for coughs, colds and flu, following a rise in cases after the lifting of global lockdowns.
The Berkshire-based consumer goods company recorded a “sharp improvement” in demand for its Strepsils, Mucinex and Nurofen after social mixing returned, with sales of over-the-counter medicines rising more than 20% in the three months to September.
That drove like-for-like sales up 3.3% in the quarter, compared with the 0.7% drop analysts had expected. As a result, Reckitt said like-for-like revenue for the full year would be up 1 to 3%, up from earlier estimates of 0 to 2%.
Growth will still be lower than last year, when demand for cleaning products during the
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