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Reckitt Benckiser Group plc (RBGLY) Q1 2026 Sales/Trading...
2026-04-22 · via All Articles on Seeking Alpha

Reckitt Benckiser Group plc (RBGLY) Q1 2026 Sales/Trading Call April 22, 2026 3:30 AM EDT

Company Participants

Nicholas Ashworth - Senior Vice President of Investor Relations
Kris Licht - CEO & Executive Director
Shannon Eisenhardt - CFO & Executive Director

Conference Call Participants

Warren Ackerman - Barclays Bank PLC, Research Division
Guillaume Gerard Delmas - UBS Investment Bank, Research Division
Sarah Simon - Morgan Stanley, Research Division
Nicolas Jerome Ceron - BofA Securities, Research Division
Jeremy Fialko - HSBC Global Investment Research
David Hayes - Jefferies LLC, Research Division
Celine Pannuti - JPMorgan Chase & Co, Research Division
Jeff Stent - BNP Paribas, Research Division
Tom Sykes - Deutsche Bank AG, Research Division
Jean-Olivier Nicolai - Goldman Sachs Group, Inc., Research Division

Presentation

Nicholas Ashworth
Senior Vice President of Investor Relations

Welcome to Reckitt's Q1 trading update. I'm Nick Ashworth, Head of Investor Relations here at Reckitt. And I am here with our CEO, Kris Licht; and our CFO, Shannon Eisenhardt, who will take you through some prepared remarks before we then take your questions.

Before we start, I would like to draw your attention to the usual disclaimer in respect to forward-looking statements contained on Page 7 of our RNS published this morning. And I'll now hand over to Kris.

Kris Licht
CEO & Executive Director

Thank you, Nick. Good morning, everyone, and thank you for joining us.

Core Reckitt delivered 1.3% like-for-like net revenue growth in Q1. This was impacted by the end of a very weak season, a competitive environment in Europe and particularly in the autodish category as well as geopolitical disruptions. Excluding the seasonal business, Core Reckitt delivered 3.1% like-for-like growth. This was led by high single-digit growth in Emerging Markets with China and India, both delivering double-digit growth, and Dettol continuing to perform strongly in both countries driven by innovation.

Our North American nonseasonal