Marico Bangladesh has declared a 500 per cent interim cash dividend based on audited financial statements for the three-month period ended in June this year.
The India-based personal care products manufacturer, whose financial year runs from April to March, reported 4 per cent year-on-year revenue growth in April-June quarter 2026.
However, the company's net profit dropped nearly 13 per cent year-on-year to Tk 1.70 billion for April-June this year, due to higher input costs and lower net finance income.
Earnings per share (EPS) came down to Tk 54.12 for April to June this year, from Tk 61.77 in the same period of the previous year, according to its audited financial statements released on Wednesday.
The company will disburse Tk 50 per share as interim cash dividend as against profit of Tk 54.12, meaning the company will retain Tk 4.12 per share.
The company's net finance income dropped sharply by 80 per cent year-on-year to Tk 42.33 million in the June quarter.
Its cost of sales increased due to higher input costs, as Marico is largely dependent on imported raw materials.
The cost of sales, which includes all associated costs to manufacture products, stood at Tk 2.68 billion in the first quarter, which was 50.4 per cent of total sales, up from 43.25 per cent in the same quarter a year before.
The company managed to offset some of the costs by efficient management and higher sales but failed to make up owing to lower net finance income compared to the same quarter last year.
The net operating cash flow per share, a measure of a company's ability to generate cash from its operations, dropped to Tk 20.28 per share, down from Tk 66.73 in the same quarter last year.
The net asset value, which refers to the excess of total assets over total liabilities, reached Tk 146.14 per share as of June this year, up from Tk 105.90 in June 2025.
The company's stock price shed 0.17 per cent to Tk 2,749.7 on Wednesday on the Dhaka Stock Exchange.
However, Marico's annual profit jumped 28 per cent year-on-year to Tk 5.91 billion for the year ended March 2025, driven by higher sales.
Moreover, the company paid a total 3840 per cent cash dividend for the year ended March 2025, the highest-ever annual cash dividend for Marico since its stock market listing in 2009 and the second-highest annual dividend for any company listed with the country's capital market history.
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