Marico’s Profits Increased by 13%

Industry: Consumer & Retail, FMCG, Stock Market
Company: Marico Bangladesh
Company Intelligence Tag: Business Insights

Marico Bangladesh experienced a 13% growth in quarterly profit, reaching Tk 1.10 billion in October–December 2023, attributed to a decline in global raw material prices. Despite a slight revenue dip, the cost of goods sold decreased by 21%, accounting for 42% of total sales.

Earnings per share (EPS) rose to Tk 34.93 in Q3, compared to Tk 30.93 in 2023. Operating profit increased by 12% to Tk 1.39 billion, as Marico managed to lower costs. Net finance income surged 22% to Tk 109 million due to higher interest rates. In the nine-month period, profit soared 21% to Tk 3.60 billion, with a 1.6% revenue growth to Tk 11.10 billion. Marico achieved a record annual profit of Tk 3.87 billion for the financial year ending March 31, 2023, paying a 750% cash dividend.

Marico’s Profits Increased by 13%.

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