Marico Bangladesh Ltd reported a 25% year-on-year increase in net profit for the July-September quarter, reaching Tk 146.54 crore. Earnings per share (EPS) rose to Tk 46.52, up from Tk 37.11 in the same period last year, as disclosed on the Dhaka Stock Exchange (DSE) website.
The profit growth was attributed to higher revenue, an improved gross profit margin, and increased net finance income.
Following the announcement, Marico’s stock surged, gaining Tk 45.5 to reach Tk 2,252 as of 11:34 am today at the DSE.
However, Marico’s net operating cash flow per share (NOCFPS) dropped significantly to Tk 26.36 for the six months ending September 2024, down from Tk 95.37 in the previous year. The decline was attributed to larger supplier payments for purchases in the first half of FY2024-25.
Despite the cash flow dip, Marico’s board declared an interim cash dividend of 450% for the July-September quarter, reinforcing its strong financial position. The company’s net asset value per share has experienced a slight reduction since March 2024, impacted by prior dividend distributions.
Marico Bangladesh, a leading FMCG player in the beauty and wellness sector, distributes its diverse portfolio—spanning hair care, edible oil, and male grooming products—to over 790,000 outlets across the country.
