However, Reckitt Benckiser's chief told CNBC on Thursday, 'Durex had a big quarter online, and we continue to see great progress in that direction.'
"The number of intimate occasions is down in a few countries because, if you think of it, the level of socialization is low and so it has had an impact on Durex," Narasimhan said on
Reckitt Benckiser, which makes Durex and other consumer products such as Lysol and cold medication Mucinex, has seen an overall increase in the online sales of its products as a result of the Covid-19 outbreak."If you think of Durex and how it plays in the e-commerce space, it is absolutely set up for it," he said. "We have operations in 53 countries.
Sales of Lysol have been elevated since the start of the coronavirus pandemic, growing more than 50% year over year in the first quarter, Narasimhan said. Other products, such as those within the disinfectant brand Dettol, also have seen a boost in sales, he said. "There's clearly a big hygiene sensitivity," Narasimhan said, helping expand the market for Lysol and other products and increasing the frequency that people buy them. "We don't expect that to stick for a long period of time, but we do expect it to be at higher levels."
He said Reckitt Benckiser has responded by ramping up production capacity, referencing changes to manufacturing at a factory outside of Wuhan, China. "If you look at the amount of sanitizer we're making, we're making 20 times the amount of sanitizer in July as we did last year. It just gives you the sense of the demand that there is."
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