Reckitt reported largely in-line Q3 23 numbers with revenue growth of 3.4%. Segment wise, the Hygiene recovery was a pleasant surprise making up for the continued ASEAN market drag on Nutrition. With the continued recovery in Hygiene and the strong underlying trends for the Health segment, the re-iterated FY23 top-line growth guidance (3-5%) comes across as conservative. Hence, we continue to anticipate a high probability of a FY23 beat.
