Booming Tissue Market boost Revenue of Bashundhara Paper Mills - Papermart
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Booming Tissue Market boost Revenue of Bashundhara Paper Mills

On a segmental basis, the company had received 43 percent revenue from the sales of paper products, 37 percent from tissues, and 19 percent from hygiene items in FY21.

February 3, 2022

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With the upsurge in the sales of tissue paper and hygiene products after the onset of the coronavirus pandemic, both the profit and revenue of Bashundhara Paper Mills have also grown significantly. The Bangladesh-based tissue paper producer has reported a 23 percent y-o-y growth in its revenue in the first half of the current fiscal year, while its profit grew by 42 percent.

The revenue of Bashundhara Paper Mills Limited, which is also a major player in the country’s paper industry, comes majorly from two segments – paper and tissue products. A significant portion of revenue also comes from the sales of various hygiene products such as diapers and sanitary napkins.

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On a segmental basis, Bashundhara Paper Mills had received 43 percent revenue from the sales of paper products, 37 percent from tissues, and 19 percent from hygiene items in FY21.

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M Mazedul Islam, company secretary of the Bashundhara Paper Mills, Bashundhara Group, said that while the sales of tissue products have increased, the paper sales have decreased as education institutions were closed for a long time.

The sales of Bashundhara Paper Mills products have been increasing gradually in both local and international markets. According to the company data, its 91.08 percent revenue came from local sales, and 8.92 percent from exports in the July-December period of FY 2021-22.