Bashundhara Paper Mills’ FY25 sales decrease 54%, with capacity use at 33%, and 3,683 full-time employees transferred

Bashundhara Paper Mills’ FY25 sales decrease 54%, with capacity use at 33%, and 3,683 full-time employees transferred

- FY 2024– 2025, BPMPLC achieved a net revenue of BDT 6,037.79 million, including export earnings of BDT 701.57 million

The Pulp and Paper Times

Bashundhara Paper Mills Limited (BPML) has been relentless over more than two decades to offer its diversified products ranging from different types of Paper, Tissue & Hygiene portfolio, thereby it has rightly been entrusted from customer’s fraternity of home and abroad. At present, Bashundhara Paper is the trusted source of volume Paper-needs of both Government level and, while keep general consumers pace of exporting to over 50 different global destinations.

Bashundhara Paper Mills PLC has continued to stand as a leading performer in Bangladesh’s paper and printing industry. With a robust market presence and a proven record of consistent growth, the company has maintained its leadership position through strategic focus on innovation, operational efficiency, and sustainability.

“The year (FY-24-25) has been unique in its full of local and global economic challenges. Political instability, rising inflation posed challenges for financial institutions, prompting interest rate hikes in several regions. The supply chain disruptions affected multiple sectors, leading to shortages and price volatility. Stock markets witnessed fluctuations driven by geopolitical tensions, economic data, and corporate performance. Amidst these complexities, innovation in artificial intelligence, renewable energy, and biotechnology continued to reshape industries worldwide,” Mr. Ahmed Akbar Sobhan, Chairman - Bashundhara Paper Mills PLC, said in the annual report for FY 24-25.

“Considering the global and Bangladesh economic trends, private investment remained sluggish during the year due to the financial instability of banks and financial institutions, shortages of imported raw materials, energy constraints, and rising production costs. In addition, revenue shortfalls, austerity measures, and declining foreign exchange reserves led to negative growth in public investment. Despite these challenges—including political instability and the ongoing economic crisis—the company’s product line experienced a sharp downtrend during the year. To sustain operations, BPMPLC entered into a contract manufacturing agreement with other sister concerns within the group,” Md. Mustafizur Rahman FCA, Chief Executive Officer of Bashundhara Paper Mills stated in the report.

However, production volume declined owing to the shortage of imported raw materials, the foreign exchange crisis, higher financing costs, and the overall national economic slowdown. In FY 2024– 2025, BPMPLC achieved a net revenue of BDT 6,037.79 million, including export earnings of BDT 701.57 million, with a capacity utilization rate of 33%. The company’s sales revenue decreased by 54% compared to the previous financial year. To reduce administrative and salary expenses, a total of 3,683 full-time employees were transferred from the company during the year. In the previous year, the company had 4,502nos. permanent full-time employees.

BPMPLC has been actively working to mitigate the impact of these adverse conditions. To protect investor returns and ensure meaningful progress, the company regularly reviews its business performance, market position, and customer base. It also adjusts its marketing strategies as needed and revises its annual business plans and activities to align with changing circumstances.

BPMPLC maintains a combined market capitalization of approximately USD 72.66 million and remains a key player in Bangladesh’s paper industry, recognized for high-quality products and exceptional customer service. Globally, the annual demand for our product categories is estimated at around 896,000 MT, providing substantial opportunities for continued export growth. Although export volumes have historically been modest, they are now increasing significantly. Our primary export markets include India, the Middle East, and Europe. The company is actively exploring additional international markets and executing a strategic plan aimed at expanding its business footprint beyond national borders. There is shortage in supply of paper and tissue paper globally besides China, one of the largest paper producers have closed numbers of paper mills of their environment issue. Under these circumstances demand for paper products is expected to increase locally and globally. It is projected that the demand for paper products (mainly writing paper and hygiene products) will reach about fifteen lac tone annually in the domestic market.

BPMPLC has planned to modernize several pieces of production machinery, a move expected to enhance product quality and strengthen the Company’s competitive positioning through improved pricing capability. The Research and Development Division continues to make significant efforts to diversify the product portfolio, building on the existing range of products. In addition, the Company is actively exploring new export markets to expand its global footprint. To safeguard financial stability amid future uncertainties, the Board of Directors has recommended no cash dividend for the year.
 

Published at : Apr 11, 2026 08:11 AM (IST)

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