Marico Ltd. saw its shares increase by nearly 3% after the company announced that its manufacturing operations in Bangladesh had resumed at their normal scale on August 13. The FMCG company highlighted that the operating conditions in the market are improving, and a large majority of its retail sales force and distributors have been functional since last week.
Key Points:
- Operations Resumed: Marico’s manufacturing in Bangladesh is back to normal.
- Employee Safety: The company is prioritizing the safety of employees, factory workers, and distributors.
- Market Conditions: The company noted an improvement in market conditions.
- Share Performance: As of 9:30 am, Marico’s shares were trading 2.77% higher at ₹662.50.
Marico also mentioned that its medium-term business prospects in Bangladesh remain intact, despite the recent challenges.
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Marico