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Old 17-02-2022, 12:13 PM #1
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Default Durex inflates

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
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Old 17-02-2022, 12:29 PM #2
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Quote:
Originally Posted by bitontheslide View Post
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
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Old 18-02-2022, 08:52 AM #3
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They are reported as selling more
due to lockdown.
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