Reckitt Benckiser, the consumer goods company behind Durex and Dettol, also said prices would rise, but added it hoped to absorb most of the increases.
Reckitt's costs rose 11% in 2021, but chief executive Laxman Narasimhan said that wouldn't mean prices rising by that amount, as the company had ways to "mitigate and manage pricing"
"We care about the competitiveness of our brands," he told a conference call.
Jeff Carr, chief financial officer, said the firm's costs had increased "across the board", ranging from crude oil and plastic, to shipping and wages.
But he said that company was "absorbing a significant part" of higher operating costs through "efficiency" and "better buying".
https://www.bbc.co.uk/news/business-60414915
17-02-2022, 12:13 PM
Reply With Quote
Durex inflates
Threaded Mode