Marico to remit Tk448cr to India as dividends for nine months

Infographic: TBS

After repatriating a record amount of profit as dividends to its owners last year, Marico Bangladesh – a subsidiary of India-based multinational personal care major Marico Limited – is now set to remit Tk448 crore to India for the first nine months of the current financial year 2025-26.

In FY25, Marico repatriated over Tk1,000 crore to its owners in India as dividends. The dividend figure was an all-time high, according to company data.

Its financial statements show that in the first nine months, Marico's dividend payout ratio stood at 99.62%, meaning the company retained less than 1% of its profit and paid out almost its entire earnings as dividends.

During April to December – covering the first nine months of the financial year, as it runs from April to March – Marico Bangladesh posted a profit of Tk497.97 crore with earnings per share (EPS) of Tk158.09.

During the first nine months of the current financial year, it declared a 1,575% interim cash dividend based on its audited quarterly profit, with the latest 475% interim cash dividend of Tk47.5 for each share for the third quarter during the October to December quarter. 

As the majority shareholders in the Bangladesh subsidiary, Marico Limited will receive the majority of this payout.

Already, Marico Bangladesh had disbursed the previous two quarters (April to September) interim cash dividend to its shareholders, including both local and Indian owners.

In the previous year, Marico Bangladesh paid the record 3,840% cash dividend or Tk384 against each share, including 1950% cash dividend and 1890% interim dividend in the previous three quarters.

The dividend payout was 204.8%, which is significantly higher compared with the last five financial years.

The lowest dividend payout was 13.7% in FY24, meaning it retained its majority profit earned as there were foreign currency shortage and foreign investors were facing hurdles to repatriate dividends.

Of the total Tk1209.60 crore dividend for FY25, Marico repatriated Tk1088.10 crore – or equivalent to 90% to India to owners of the company as the owners held 90% stake of the company, and the rest 10% availed by the local investors – including institutional and general shareholders.

Strong revenue, profit growth

According to its audited financial statement ending in December, Marico's year-on-year revenue grew by 24% to Tk1,545.16 crore, while its net profit after tax grew by 8.54% to Tk497.97 crore with an EPS of Tk158.09.

At the same time as the previous financial year, its revenue was Tk1,245 crore and net profit Tk458.79 crore.

It said through a disclosure on stock exchanges on Sunday, EPS has increased in the third quarter of FY26 as compared to Q3 of FY25 due to increased revenue and optimisation of operating expenses. 

Its net operating cash flow per share stood at Tk109.79 in the Q3 (Oct-Dec) against Tk88.35 in the same time of the previous year due to higher collection from customers.

Its net asset value per share by the end of December declined to Tk92.22, which was Tk239.13 as of March 2025 due to the declaration of final dividend for FY25, and interim dividends for FY26, said Marico Bangladesh.

On Sunday, its share price closed at Tk2,770.40 each on the Dhaka Stock Exchange, a 0.23% higher from the previous trading session.