Profit of Marico Bangladesh, a major multinational company, surged in the third quarter of its financial year 2024-25 thanks to increased revenue and higher finance income.   

The consumer goods company focusing on the beauty and wellness space reported a profit of Tk 139.68 crore in the third quarter of fiscal 2024-25, marking a 26 percent year-on-year growth.  

Shares of Marico went up 0.34 percent to Tk 2,328.9 as of mid-day trading today on the Dhaka Stock Exchange. 

Its earnings per share (EPS) stood at Tk 44.34 for the October-December quarter, up from Tk 34.93 in the same period the previous year, according to its financial statements.

The company attributed the growth to increased revenue, improved gross profit margins, and higher net finance income. 

Revenue stood at Tk 1,245 crore in the first 9 months of its fiscal year, up from Tk 1,109 crore in the same period the previous year. 

However, its cash flow, a major indicator of a company's financial health, fell.

Marico's net operating cash flow per share (NOCFPS) fell to Tk 88.35 for the April-December period. It was Tk 143.15 a year earlier, which the company said is primarily due to higher payments to suppliers.  

The net asset value (NAV) per share also declined at the end of December 2024 compared to March 2024, as the company's retained earnings dropped following dividend payments during FY25.  

Including the third quarter earnings, Marico's profit per share in the first nine months of the fiscal year increased 27.5 percent to Tk 145.65 from Tk 114.22 a year earlier.  

The board of the company declared an interim cash dividend of 440 percent, or Tk 44 per share, based on the financials as of December 31, 2024.  

Marico reaches over 790,000 outlets with a diverse portfolio that includes hair care, edible oils, and male grooming products, according to its website.