Marico Bangladesh has secured double-digit revenue growth year-on-year to Tk 5.33 billion in the third quarter through December 2025, the highest quarterly revenue since its listing in the secondary market.
The India-based personal care products manufacturer, whose financial year runs from April to March, reported 32 per cent year-on-year revenue growth in October-December last year.
The growth, achieved amid an adverse macroeconomic situation, was driven by the company’s flagship brand Parachute coconut oil and the launch of value-added products in the hair care and skin care categories, according to the company.
Marico launched more than a dozen new products last year due to growing demand despite economic and political challenges. Its third manufacturing unit at the National Special Economic Zone in Mirsarai, Chattogram, which went into operation in July 2023, helped boost production by approximately 55 per cent in the year to March 2025.
Compared to revenue, Marico’s profit rose marginally-by 7.15 per cent year-on-year to Tk 1.50 billion in the quarter through December 2025-mainly due to higher input costs and a surge in finance expenses.
“Marico sustained growth momentum in sales owing to strong consumer trust in its products,” said Akramul Alam, head of research at Royal Capital.
The company’s finance costs rose 75 per cent year-on-year to Tk 161 million in the quarter to December as lease liabilities increased significantly during the period.
“Higher production costs and increased finance expenses hit the company’s bottom-line growth. Otherwise, profit would have been much higher,” said Alam after a review of the financial statements published by the company.
The cost of sales increased due to higher input costs, as Marico is largely dependent on imported raw materials.
The cost of sales, which includes all associated costs to manufacture products, stood at Tk 2.96 billion in the third quarter, which was 55.6 per cent of total sales, up from 41 per cent in the same quarter a year ago.
The company managed to offset some of the costs by optimising operating expenses through a 14 per cent year-on-year reduction in selling and distribution expenses.
“Strong fundamentals, brand value, good management, and quality of products will help Marico continue on the growth trajectory,” Alam added.
Marico’s nine-month profit also rose 8.50 per cent to Tk 4.98 billion in April-December 2025, while revenue jumped 24 per cent to Tk 15.45 billion during the period. The nine months’ revenue is almost as much as last year’s annual revenue-Tk 16.31 billion.
Marico declares interim dividend
Based on the nine-month audited financials, Marico has declared a 475 per cent interim cash dividend. As a result, investors will receive Tk 47.5 per share as cash dividends from earnings of Tk 47.57 per share in the third quarter of 2025.
Marico has remained consistent in dividend distribution for the last 16 years since its listing, with annual payouts ranging between 200 per cent and 3,840 per cent, supported by stable earnings and strong cash flows.
Meanwhile, the company had already paid a total of 1,100 per cent interim cash dividends for the first and second quarters through September last year.
Shareholders are going to receive Tk 157.57 per share as cash dividends for the nine months through December last year against earnings of Tk 158.09 per share during the period, meaning the company will disburse almost all the profit earned.
Its net operating cash flow per share (NOCFPS) increased to Tk 109.79 for the nine months through December 2025 from Tk 88.35 in the same period last year, due to higher collection from customers and lower payments to suppliers.
The net asset value (NAV) per share, however, fell to Tk 92.22 in December last year from Tk 241.29 in March last year due to annual and interim cash dividend payouts.
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