Reckitt Benckiser India

Goldman Sachs Group Inc. is helping Reckitt on evaluating options for its formula brand Mead Johnson, including a potential sale, according to the people

Some investors criticised the company's "vague" outlook for this year, as Reckitt shares slumped to their lowest point since March 2020, early in the COVID-19 pandemic

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Narasimhan holds a degree in mechanical engineering from the College of Engineering, University of Pune, India

"The chairman and the nomination committee have begun the process to identify the best long-term candidate to take Reckitt on the next phase of its growth and transformation journey," the company said

Reckitt Benckiser said its Chief Executive Officer Laxman Narasimhan will step down at the end of September after three years in the role.

The company has benefitted during the pandemic from people buying more cleaning products, besides cold and flu remedies like Lemsip and Strepsils

Sales of key health and hygiene products skyrocketed during the January-March quarter

The pandemic's arrival had provided the much-needed tailwind for Reckitt Benckiser in India

The British consumer goods company extends Lizol to new sub-categories and product formats, aligns the brand around emergent consumer needs

The company saw sales growth slowing to 1.8% in FY18

The CEO told Reuters that the Mead Johnson acquisition had already benefited Reckitt, although it has only just reversed several quarters of decline in that business

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