Marico’s profits rise by 10%
Marico Bangladesh said its profit and revenue grew in April to September period of the current year driven by its increased sales of hair oils and baby care despite pandemic.
The listed multinational fast moving consumer goods manufacturer logged Tk 675 crore in revenue for the first half of the year, up 14 per cent from Tk 591 crore in the same period a year ago despite the second wave of the Coronavirus pandemic.
The growth in revenue was driven by overall volume growth led by the growth in the hair oils and baby care category, the company said in a press note.
Marico’s profit rose 10.7 per cent year on year to Tk 197.6 crore in April-September from Tk 178 crore a year ago, said the company after its board meeting today.
The board of the multinational company recommended 200 per cent interim dividend for shareholders.
Marico said its newly launched products in shampoo and hair care categories this year are showing good results. Baby care portfolio also got positive response from consumers, it said.