Olympic Industries posts Tk777cr revenue in Jul–Sep of FY26

Olympic Industries PLC, the country's largest branded biscuit producer, has started the fiscal year on a strong footing, recording steady growth in both revenue and profit during the July–September quarter.

According to its latest financial disclosures, the company's revenue for the first quarter of FY26 rose 3% year-on-year to Tk777.22 crore, driven by resilient domestic demand and a sharp increase in exports. Local sales grew 2.62% to Tk763 crore, while export revenue surged 42% to Tk13.77 crore, signalling deeper penetration into overseas markets.

Profitability also improved, with net profit inching up 1.34% to Tk57.24 crore despite rising costs in the consumer goods sector.

The earnings announcement boosted investor sentiment, pushing Olympic's share price up 7.66% to Tk144.70 on the Dhaka Stock Exchange.

The quarter's performance comes as the company undertakes a series of strategic investments to consolidate its leadership in the processed food and snack market.

In September, Olympic signed a Tk50 crore loan agreement with the Bangladesh Infrastructure Finance Fund Limited under a Japan-funded food value chain improvement project supported by Jica. The financing will be used to expand and modernise production facilities, improving capacity and operational efficiency.

The company has been on an expansion drive since 2019, investing about Tk200 crore in upgrading production lines and acquiring land to drive future growth. Beyond biscuits, Olympic has diversified into noodles, chocolates, cakes, bakery items and chanachur as part of a broader strategy to capture a larger share of the packaged food market.

In a leadership reshuffle in 2023, major shareholder Aziz Mohammad Bhai was appointed chairman, while his sister, Nurjehan Hudda, took over as managing director.