Dettol maker posts loss and warns on higher costs

Company said it would take time to offset the inflationary headwinds with productivity and pricing action being implemented in the second half of the year and early 2022

Dettol maker Reckitt Benckiser has warned its margins will be squeezed this year due to higher costs, sending its shares 9% lower.

Dettol maker Reckitt Benckiser has joined other top consumer goods companies with a warning its margins will be squeezed this year due to higher costs, sending its shares 9% lower.

The company, which also owns brands such as Veet, Durex, and Finish, also missed second-quarter sales growth estimates as growth slowed in demand for its products.