Marico Bangladesh Ltd (MBL), one of the country’s leading FMCG companies, has reported over 20% year-on-year sales growth in the first half of its financial year, the highest in 15 years.
According to its half-yearly financial statement, Marico’s revenue rose to Tk 1,012 crore during April–September 2024, up from Tk 840 crore in the same period last year. This marks the company’s strongest growth since FY2009–10, surpassing its previous record of 14% in FY2021–22.
However, profit growth remained moderate, rising 9% to Tk 348 crore due to higher input costs and inflation. The company’s cost of goods sold increased to 47% of turnover, compared to 39% last year, which affected profitability.
Despite these challenges, Marico announced a 500% interim cash dividend for shareholders. Its earnings per share (EPS) also climbed to Tk 110.5, from Tk 101.3 a year earlier.
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The maker of Parachute hair oil, operating in Bangladesh since 2000, continues to expand production capacity with new investments in the National Special Economic Zone at Mirsharai, Chattogram, reinforcing its long-term growth commitment in the country’s consumer goods market.