Marico Stock Falls as Bangladesh Business Faces Unrest

Marico Ltd’s stock dropped nearly 5 percent on Tuesday due to political unrest in Bangladesh, a key market for the company. Bangladesh contributes approximately 11 percent of Marico’s consolidated business.

During trading, Marico’s shares were priced around Rs 640 each, marking a decline of 4.9 percent. In the last fiscal year (FY24), Marico Bangladesh Ltd reported revenue of Rs 1,103 crore, representing 11 percent of Marico’s total consolidated revenue. For its international operations, Bangladesh accounts for about 44 percent of the total revenue.

Despite the recent dip in stock price, Marico’s net profit for the April-June quarter increased by 8.7 percent year-on-year, reaching Rs 474 crore. Over the past 12 months, Marico’s shares have risen by 12.89 percent and are up 17.78 percent year-to-date (YTD).

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In its quarterly report, Marico stated its goal to reduce the revenue contribution from Bangladesh to less than 40 percent by the end of fiscal year 2027. For Q1 FY25, Bangladesh achieved a 10 percent constant currency growth (CCG), demonstrating resilience and sustained business momentum.

Marico highlighted its international business performance, noting growth despite macroeconomic challenges and currency devaluations in certain regions. The company reported strong growth in markets such as the Middle East, North Africa (MENA), and South Africa, which has helped diversify its international revenue base.