Marico shares fell 4% due to Bangladesh political unrest impacting revenue contribution.
Marico shares dropped around 4% due to political unrest in Bangladesh, where it contributes around 11-12% of its consolidated revenue and 44% of international revenue. The company aims to reduce Bangladesh's contribution to less than 40% of its international revenue by FY2027. Despite the drop in share price, Marico reported a 4% underlying volume growth in the domestic market and an 8.7% increase in net profit for the June 2024 quarter.
August 06, 2024
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