reckitt benckiser group plc said friday that its firstquarter revenue rose 56 on a likeforlike basis as it increased prices and that it expects likeforlike revenue growth for the year to be at the top end of its forecast range the consumergoods companywhich houses dettol harpic and durex among its brandssaid quarterly revenue grew to 342 billion pounds 426 billion as it raised prices by 53 while volumes grew 03 revenue was forecast at gbp331 billion according to a companyprovided consensus likeforlike sales consensus forecast was 15 sales were boosted by the health and nutrition units which grew 206 and 204 respectively hygiene sales grew 9 the ftse 100listed company said it expects adjusted operating margins to be in line with both the prior year and current market expectations while continuing to invest in the longterm growth of its brands back in february reckitt had said it was targeting margin growth in 2022 from its base of 229 as we look to the balance of the year the operating environment remains highly unpredictable we are well placed to address these market dynamics through the strength of our brands our favorable product mix our productivity program and the responsible pricing initiatives already undertaken with scope to take further actions chief executive laxman narasimhan said reckitt said that inflation on the cost of goods has increased from low teens to high teens based on current commodity pricing in a call with analysts chief financial officer jeff carr said that around two thirds of the companys cost of goods are hedged for 2022 leaving some exposure to further price increases in addition mr carr said that margins will be higher in the second half than in the first half as some price increases for reckitts products are yet to kick in shares at 0900 gmt were up 05 at 6236 pence write to michael susin at michaelsusinwsjcom ian walker at ianwalkerwsjcom and jaime llinares taboada at jaimellinareswsjcom