UK's Reckitt Q1 LFL net revenue rises 0.6%, co maintains 2026 outlook

Reckitt Benckiser

22/04/2026 07:10

Overview

UK consumer health and hygiene group's Q1 LFL net revenue grew 0.6%, led by emerging markets

Company maintained FY 2026 LFL net revenue outlook despite ongoing geopolitical and category headwinds

£1 bln share buyback programme ongoing, with £669 mln repurchased since July 2025

Outlook

Reckitt maintains FY 2026 Core LFL net revenue growth outlook of 4% to 5%

Company expects Q2 Emerging Markets LFL net revenue growth broadly in line with Q1 2026

Reckitt expects low-single-digit LFL net revenue growth for Mead Johnson Nutrition in FY 2026

Result Drivers

EMERGING MARKETS GROWTH - High-single-digit LFL net revenue growth in Emerging Markets, led by double-digit gains in China and India, helped offset declines elsewhere

WEAK COLD AND FLU SEASON - Lower incidence rates led to double-digit declines in seasonal OTC revenues, particularly in Europe and North America

GEOPOLITICAL DISRUPTION - Operations and supply in the Middle East and Russia were disrupted by war and sanctions, weighing on regional results

Company press release: ID:nRSV3910Ba

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
GBP 3.25 bln
Q1 LFL Revenue Growth
0.6%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 8 "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 GBp6,425.00, about 30.6% above its April 21 closing price of GBp4,918.00

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 16 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.)