Company · Initiation · 29 Oct 2026
Copra cut the gross margin 10 points; EPS only 2% higher at BDT 211 in FY2027 on 100% payout
Fair value BDT 1,926-3,930 (base 3,016) against a price of 2,642.5; base = 12.9x FY2028F EPS and needs copra 10% cheaper and hair-oil volume back to growth.
Marico Bangladesh is a coconut-oil franchise that hands almost all of its profit to shareholders. Parachute coconut oil earned BDT 11.7bn, 56.6% of FY2026 revenue (year to March 2026), and value-added hair oils such as Parachute Advansed and Nihar another 29.6%. The Indian parent, Marico…
Fair value ৳1,926–3,930 · price ৳2,642.50 (2026-10-29)