Marico Bangladesh Ltd (MBL) has posted its highest sales growth in at least 15 years, with revenue rising more than 20% year-on-year in the first half of the current financial year, according to its half-yearly financial statements released on Tuesday.

The multinational consumer goods company recorded sales of Tk 10.12 billion between April and September, up from Tk 8.40 billion during the same period last year.

This marks MBL’s strongest growth since the 2009–10 financial year, when it was first listed on the stock exchanges. The previous peak was a 14% rise recorded in FY2021–22.

Despite the surge in revenue, profit growth was more moderate. Net profit increased 9% to Tk 3.48 billion, while earnings per share stood at Tk 110.5, compared with Tk 101.3 a year earlier.

Marico’s cost of goods sold rose to 47% of turnover, up from 39% a year earlier, reflecting higher raw material prices amid inflationary pressures. Net finance costs also increased during the period, further limiting profit margins.

Headquartered in Mumbai, Marico Bangladesh follows an April-to-March financial year, in line with its parent company, Marico Limited, which owns 90% of its shares.

The company, best known for its Parachute hair oil brand, announced a 500% interim cash dividend for the six months.