Marico Resumes Full-Scale Operations in Bangladesh

Marico Ltd., a leading FMCG company, announced the resumption of its manufacturing operations in Bangladesh on August 13. The company, which had faced disruptions due to the ongoing political and social turmoil in the country, is now operating at its normal scale as market conditions show signs of improvement.

Resumption of Operations Amid Improved Market Conditions

With the gradual stabilization of the market environment, Marico’s operations in Bangladesh have returned to full capacity. An official exchange filing on Monday stated that the majority of the company’s retail sales force and distributors have been actively functional since last week. This marks a significant recovery for the company after a period of uncertainty. Marico has remained vigilant of the evolving situation, taking cautious steps to ensure a steady resumption of business activities.

Commitment to Employee and Partner Safety

Marico Ltd. has emphasized its commitment to the safety of its employees, factory workers, and business partners during this challenging period. The company has implemented stringent safety protocols to protect its workforce and ensure the smooth functioning of its operations. Despite the challenges, Marico remains optimistic about the medium-term prospects of its business in Bangladesh, indicating that the company is prepared to navigate the ongoing crisis with resilience.

Conclusion: In light of the improving conditions in Bangladesh, Marico Ltd. has successfully resumed its operations at full scale. The company’s focus on safety and a cautious approach to the evolving situation highlights its commitment to sustaining business continuity. Marico’s confidence in the medium-term prospects of its business in Bangladesh reflects its readiness to adapt and thrive despite the challenges. The stock of Marico Ltd. currently trades at Rs.657.65 per share up by 2% from its previous day’s closing price. The stock has 52-week high and 52-week low of Rs.691.00 and Rs.496.30 per sharee respectively.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.