Marico shares dip amid B’desh unrest

Mumbai: The stock of fast-moving consumer goods (FMCG) company Marico Ltd slumped nearly 5 per cent on Tuesday amid the political unrest in Bangladesh as the neighbouring country contributes almost 11 per cent of its consolidated business. The company’s stock was trading around Rs 640 a piece (down 4.9 per cent) during the day trading.Marico Bangladesh Ltd clicked Rs 1,103 crore in revenue in the last fiscal (FY24), making up 11 per cent of Marico’s consolidated revenue.

For international business on a standalone basis, Bangladesh contributes around 44 per cent of the total revenue.Marico’s net profit in the April-June quarter went up 8.7 per cent (year-on-year) to Rs 474 crore.The shares have gone up 12.89 per cent in the last 12 months and 17.78 per cent on a year-to-date (YTD) basis.In its April-June quarter result, the company said it aims to bring down the contribution from Bangladesh to less than 40 per cent by the end of fiscal 2027.