Aug 1 (Reuters) - Church & Dwight CHD.N beat second-quarter profit and revenue estimates on Friday, helped by steady demand for its household products such as OxiClean detergent.

WHY IT'S IMPORTANT

Everyday essentials such as mouthwash and detergents have seen a steady demand, as rising prices prompt consumers to prioritize necessities over discretionary purchases.

The company's investments in marketing and product innovation have also attracted more customers.

CONTEXT

The company is grappling with rising manufacturing costs and softer demand for core U.S. products like Waterpik flossers and Oxiclean stain removers, even as it looks to drive growth through its acquisition of personal care brand Touchland, which closed in the quarter.

The Trojan condom maker said it will exit its underperforming Flawless, Spinbrush, and Waterpik showerhead businesses by early 2026.

Larger peer Procter & Gamble has also flagged cautious consumer spending and the impact of price hikes.

KEY QUOTE

"CHD's 60% premium/40% value portfolio is well positioned for the difficult economic environment and is benefiting from trade-down pressures, particularly in key home care categories," RBC Capital Markets analyst Nik Modi said, adding that the company tends to be conservative with their forecast.

BY THE NUMBERS

The Oxiclean maker's net sales of $1.51 billion for the quarter, beat analysts' estimate of $1.49 billion, according to data compiled by LSEG.

Its quarterly adjusted profit of 94 cents per share beat estimates of 86 cents.

Church & Dwight, however, forecast third-quarter adjusted earnings per share at 72 cents, below estimates of 86 cents, due to still-high inflation and tariff costs.

(Reporting by Anshi Sancheti in Bengaluru; Editing by Sahal Muhammed and Shailesh Kuber)

((Anshi.Sancheti@thomson.reuters.com))