Reckitt Benckiser, the British consumer goods major, said its Dettol hygiene brand saw a sales slowdown in India during calendar year 2017, due to a new tax regime and a cyber attack that crippled operations.
Last week, peer GlaxoSmithKline Consumer had also indicated the Goods & Services Tax (GST) which was introduced on July 1 had impacted growth in India. And, that it would continue to do so in 2018. Both multinational companies follow a January to December accounting year.
Reckitt had also suffered a ransomware attack in June, which hit operations here and elsewhere.
India is among Dettol's largest