Reckitt Navigates GST Disruption with Strong Growth in India

Reckitt's net revenue growth was impacted by new GST slabs in India during Q3, yet brands like Dettol and Durex led double-digit growth. Despite short-term disruptions, Reckitt expects high single-digit revenue growth through 2025, backed by strong performance in both developed and emerging markets.

On Wednesday, British FMCG giant Reckitt announced that recent changes in GST slabs in India have affected its net revenue growth for the September quarter.

Despite this setback, the company experienced a significant boost in its germ protection brand, Dettol, across several markets, including India. The growth, credited to increased volume sales, allowed Reckitt to achieve double-digit expansion for the period.

Moreover, Reckitt's brand Durex made notable gains in the Intimate Wellness category in India. CEO Kris Licht expressed satisfaction with the company's Q3 performance, emphasizing Reckitt's solid position and confidence in meeting expectations for 2025.

(With inputs from agencies.)