Marico Bangladesh declares 600pc interim dividend
It's profit jumps 13pc in April-June quarter on higher sales
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Marico Bangladesh has secured a 13 per cent year-on-year growth in profit to Tk 1.95 billion in the first quarter through June this year, the highest quarterly profit since its listing on the stock exchanges 15 years back.
Based on the profit growth, the company board has declared a 600 per cent interim cash dividend for three months period to June this year.
The India-based consumer goods company, whose financial year runs from April to March, made Tk 1.73 billion profit in the same quarter a year ago.
Accordingly, the company’s earnings per share (EPS) soared to Tk 61.77 in the April-June quarter, up from Tk 54.78 in the same quarter a year before, according to its unaudited financial statements published on Tuesday.
The multinational company’s revenue also grew 17 per cent year-on-year to Tk 5.11 billion for the year compared to the year before, also the highest quarterly profit.
Marico, whose top selling product is coconut oil of Parachute brand, Parachute remains the largest contributor to revenue growth. Other value-added hair oil, beauty and health, and men’s grooming segments have also showcased strong growth momentum.
The growth was driven by the company’s flagship brand Parachute coconut oil and the launch of innovative value added products in the hair care and skin care categories, said an official of the company.
The strategic focus on delivering world-class quality products, strengthening brand equity and sustaining a resilient distribution network has been fundamental in driving Marico’s business growth.
Marico launched more than a dozen new products last financial year through March 2025 despite the challenges on the economic and political front.
The growth is significant for a listed company against the backdrop of the prevailing challenging economic environment and high inflation, due to which many local companies have been struggling to survive, market analysts said.
Marico Bangladesh started its journey in Bangladesh 25 years ago with its flagship brand Parachute coconut oil.
Since then, the company has expanded to more than 47 brands in 10 categories, including hair care, skincare, baby-care, hygiene and food products. Currently, Marico has 47 brands across 10 categories.
Marico, which operates two plants in Gazipur, started production from its third factory in July 2023 to meet the growing demand for coconut oil and food products. Marico set up its third manufacturing unit at the National Special Economic Zone (NSEZ) at Mirsarai in Chattogram.
Mirsarai Factory has achieved an impressive milestone with a significant increase in production of Parachute Advanced Beli.
Marico’s stock rose 2.2 per cent to Tk 2774.9 on Tuesday at the Dhaka Stock Exchange. Its stock also surged almost 15 per cent in a month.
Annual Performance
Marico Bangladesh made a record annual profit and revenue for the year ended in March 2025 amid the turmoil and uncertainties in the political front.
Its revenue grew more than 12 per cent to Tk 16.31 billion while profit jumped 28 per cent to Tk 5.91 billion for the year.
Based on the record profit, the company declared a total 3840 per cent cash dividend for the year 2025. This is the second highest dividend for any listed companies in the history of Bangladesh equity market. The company also contributed Tk 6.79 billion to the national exchequer as duties and taxes for the year.
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