Home ›› 05 Aug 2021 ›› Stock
Marico Bangladesh Limited, a publicly traded multinational company, has witnessed steady uptick in its profit for the fifth consecutive year.
The India-based company’s net profit hiked 2.15 times throughout the last five years and the upward trend continued in the first quarter (April-June’21) of the current financial year.
It gained 8.4 per cent profit after tax in the April-June quarter, according to the company’s financial statement.
Thanks to the growth, Marico has declared 900 per cent cash dividend for its shareholders in the FY21.
Marico’s portfolio comprises mostly personal grooming products, including hair oil, hair dye, body lotion, baby care, men toiletries and cooking oil.
In line with the Indian fiscal, the company counts its financial year from April to June.
According to the annual report, the company gained Tk 144 crore profit after tax in FY17, which reached Tk 164 crore in FY18, Tk 202 crore in FY19, Tk 265 crore in FY20 and Tk 311 crore in FY21.
In the first quarter of the current year, Marico gained Tk 108 crore profit, which was Tk 99.66 crore in the same period of previous financial year.
About the company’s performance, its Chairman Saugata Gupta said, “In continuance of our commitment to unleash our potential, we rose to the challenges presented by Covid-19 with our “One Marico” spirit which allowed us to grow together, adapt and respond with agility to a rapidly changing environment.”
He also expressed optimism that they will be able to overcome the current challenges despite the pandemic inflicted hardships.
To share the profit with the shareholders, Marico had declared handsome dividends throughout the last five years.
In 2021, it announced 900 per cent cash dividend for shareholders, which was 950 per cent in the previous year.
Besides, the company announced 650 per cent cash dividend in 2019, 600 per cent in 2018, 500 per cent in 2017 and 450 per cent in 2016.
Marico Bangladesh Limited is amongst the top 3 fast-moving consumer goods (FMCG) multinationals companies (MNC) and a trusted beauty brand in Bangladesh.
According to Marico’s website, the company touches the lives Bangladeshis with an array of brands in various categories, including hair nourishment, edible oil and male grooming, through a strong distribution network that reaches more than 790,000 outlets throughout the country.
Its flagship brand, Parachute completed its successful journey of 12 years in Bangladesh, with an ever-growing base of loyal consumers.
The brand has been amongst top 10 most trusted brands since 2009 and was awarded the title of “Best Brand” by Bangladesh Brand Forum and Nielsen in 2011.
Marico Bangladesh was listed on the Dhaka Stock Exchange and Chittagong Stock Exchange in 2009.
The company’s authorized capital is Tk 40 crore while its paid-up capital is Tk 31.5 crore, according to the DSE.
With a market capitalization of Tk 6,962.44 crore, Marico Bangladesh’s total number of outstanding securities is 3 crore 15 lakh. The face value of each share is Tk 10 at the country’s bourses.
Company sponsor and directors held 90.00 per cent shares of Marico Bangladesh as of May 31, 2021, while institute holding was 5.34 per cent, foreign holding was 2.66 per cent and public holding was 2.00 per cent.
Experts say that multinational companies should off load more shares for the investors and also increase the paid-up capital.
On the last trading day at the DSE, each share of the company was traded at Tk 2,375.
It was traded between Tk 1,697-2,472 in the last one year.
