Haleon publishes Q3 2026 trading update transcript
HLN•Haleon reported Q3 growth of 2.6% and now expects full-year organic revenue growth of around 2.5%, while maintaining its forecast for high-single-digit operating profit growth. It will make a further £500 million share buyback through February’s full-year results, bringing total shareholder returns this year to £1.6 billion.
1. Q3 growth and outlook
Haleon reported Q3 growth of 2.6% at its October 29 trading update. Full-year organic revenue growth is now expected to be around 2.5%, while the company maintained its forecast for high-single-digit operating profit growth.
2. Factors affecting growth
A raw-material classification change affecting Centrum China reduced quarterly group growth by 50 basis points, with disruption expected to persist through 2027. Accelerating Brazil’s distribution overhaul into Q4 is expected to reduce net revenue by £15 million to £20 million.
3. Shareholder returns
Haleon will run a further £500 million share buyback through February’s full-year results, bringing total shareholder returns this year to £1.6 billion.
