Reckitt Benckiser Sees Quarterly Sales Rise 4%, Driven By Infant Nutrition
Reckitt Benckiser's raised its annual revenue growth target on Friday after quarterly sales rose 4% on a like-for-like basis, helped by better-than-expected growth in its infant and child nutrition business.
The British maker of Dettol expects revenue to rise 14 to 15%, higher than its previous target of 13 to 14%.
Infant and child nutrition was experiencing strong growth above medium-term expectations, led by China, the world's largest market for the products, Reckitt said.
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