Marico introduces Red King Men's Cooling Oil

Dhaka : Marico Bangla-desh has launched a new "Red King Men's Cooling Oil". The company said in a press release said regular use of the non-sticky and aromatic oil enables sound sleep, energises and provides relief from stress, fatigue and headaches.
The bottle is said to have a "Power Tube" with "Cooling CrystalsTM" having 18 ingredients, including natural herb extracts. The oil comes in 100ml and 200ml bottles and a 2.5ml sachet costing BDT 110, BDT 210 and BDT 2 respectively.
Marico also manufactures Parachute Advansed, Nihar Naturals, Parachute Skinpure, Mediker, and Studio X.   
Marico's sales rise despite second wave
Marico Bangladesh posted 11 per cent growth in sales in the April-June quarter despite the second wave of coronavirus infections on the back of hair oils and baby care portfolios.
The local subsidiary of the Indian fast-moving consumer goods company saw its revenue grow to BDT 334.4 crore in the first quarter of 2021, up from BDT 301.1 crore year-on-year, said the company. 
During the same period, Marico's profits rose 8.4 per cent to BDT 108 crore. The board of directors on July 27 recommended a 200 per cent interim cash dividend for shareholders for the three-month period.
"The revenue growth was driven by the higher sales in the hair oils and baby care portfolios," said Christabel Randolph, Company Secretary of Marico Bangladesh.
During the quarter, the company launched three new products- Red King Cooling Oil, Nihar Naturals Lovely, and Parachute Naturale Hijab Fresh shampoo.
With Bangladesh battling a severe second wave of the pandemic, Marico is prioritising the health, safety and security of its members and operations, said Randolph.
Shares of Marico closed 0.92 per cent higher at BDT 2,391 on the Dhaka Stock Exchange on July 27.