Earnings Report /
Bangladesh

Reckitt Benckiser Bangladesh: NPAT falls 3% on an 11% decline in revenue due to base effect

  • After a remarkable growth in CY20, revenue fell by c11% YoY in Q2 CY21 due to base effect, leading to c3% fall in NPAT

  • Lower effective tax rate due to tax rate cut partially offsets decline in sales

  • Reiterate Buy with TP of BDT5,090.0 (ETR 15.6%) for June 2022

Auneea Haque
Auneea Haque

Research Associate

S. M. Galibur Rahman
IDLC Securities
1 August 2021
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