Half Year 2026 Reckitt Benckiser Group PLC Earnings Call Transcript
Key Points
- Reckitt Benckiser Group PLC (RBGLY) delivered a significant acceleration in Q2 with like-for-like net revenue growth of 4.2%, demonstrating strong performance across all areas and categories.
- The company announced a new GBP500 million share buyback and a 5% increase in its interim dividend, reflecting its commitment to returning capital to shareholders.
- Emerging markets showed strong high single-digit growth, particularly in China and India, with broad-based growth from ASEAN and Latin American regions.
- Reckitt Benckiser Group PLC (RBGLY) continues to drive efficiency through its Fuel for Growth program, reducing fixed costs and enhancing its ability to invest in power brands.
- The innovation pipeline remains robust, with successful product launches such as Mucinex 12-hour cold and fever in North America and the expansion of the Active Bardney range in China and other markets.
- The company faced challenges in the Auto Dish category in Europe due to elevated promotional intensity, impacting market dynamics.
- Reckitt Benckiser Group PLC (RBGLY) experienced headwinds from the Middle East conflict, affecting input costs and supply chain operations.
- Adjusted EPS declined by 9.7% to 152.1p, primarily due to the divestment of Essential Home and higher input costs.
- The Household Care category saw a decline of 6.6% in the first half, partly due to the impact of Russia Hygiene and promotional pressures in Europe.
- The company anticipates a challenging environment in Europe, with modest growth expectations despite improvements in execution and innovation.
Good morning, and thank you for joining us online for the Reckitt's half year 2026 Results Presentation. I'm Nick Ashworth, Head of Investor Relations here at Reckitt.
Before we start, can I draw your attention to the usual disclaimers in respect to forward-looking information. So presenting today, we have our CEO, Kris Licht, and our CFO, Shannon Eisenhardt. Following their presentation, will be the usual Q&A session.
(Event Instructions) If you have any follow-ups after the event, please feel free to reach out to the IR team, and we'll be happy to help.
So with all that, I will now hand over to our CEO, Kris Licht, to start the presentation. Kris?
Thank you, Nick, and good morning, everybody. Welcome to the call. I will start with an overview of our first half performance and some of the key highlights particularly the significant acceleration in Q2 with
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