LafargeHolcim Bangladesh reports Tk851cr revenue in Q1 2025

LafargeHolcim Bangladesh PLC, a frontline building material solutions provider, reported that its revenue grew by 3% to reach Tk851.50 crore in January-March quarter of 2025.

In a statement issued on Wednesday (7 May), the multinational said its profits declined by 16% year-on-year to Tk139 crore during the quarter, primarily attributable to elevated energy cost and softening in cement prices.

Iqbal Chowdhury, chief executive officer of LafargeHolcim Bangladesh, said, "In the first quarter, we achieved higher volume growth in two key business segments – cement and aggregates – reflecting our strong market performance and customer trust."

He added that the "Water Protect" and "Fair Face", two of the special cement products achieved an impressive growth of 27% which is a testament of consumer recognition of their unique strengths.

"However, our profitability was impacted by significantly higher energy costs and a softening in cement prices, both of which weighed on our margins. We are actively pursuing cost optimisation measures and exploring strategic pricing initiatives to address these challenges."

He further said that our focus on innovation and portfolio diversification continued to yield results.

Iqbal Chowdhury said, "Leveraging our global platform, Geocycle, the company co-processed over 10,000 tons of diverse waste streams in the first quarter, substituting nearly 10% of fossil fuels and advancing our green growth agenda."

The company remains dedicated to navigating current challenges with resilience and is optimistic that the strategic measures underway will drive improved performance in the periods ahead, he noted.

Its share price closed at Tk44.80 each on Wednesday at the Dhaka Stock Exchange (DSE).

Meanwhile, LafargeHolcim Bangladesh has announced the appointment of Rupali Haque Chowdhury as an independent director of the company. She is also the managing director of Berger Paints Bangladesh.

Christof Hässig, chairman of LafargeHolcim Bangladesh said in the press release, "We are delighted to welcome her to the board. Her extensive experience and leadership skills will be a valuable asset to our company as we continue to grow and expand our operations in Bangladesh."

Earlier, in March, LafargeHolcim Bangladesh had announced a 38% cash dividend for 2024, amounting to around Tk441 crore.

The board recommended a 19% cash dividend as the final payout for the year, in addition to the 19% interim cash dividend already distributed based on the financial results for the first nine months.

The proposed dividend and audited financial report will be presented for approval at the annual general meeting, scheduled for 8 May.

LafargeHolcim Bangladesh is a joint venture of Holcim Group based in Switzerland and Cementos Molins of Spain.