This blog is one of the edition of Top 10 Market Leaders in Dhaka Stock Exchange: Fundamentals & Insights series. In this series I am trying to get a holistic overview for each top 10 companies in Dhaka stock Exchange.
Discover Unilever Consumer Care Ltd (UNILEVERCL) – the home of Horlicks, Boost & Maltova in Bangladesh. Learn about its history, DSE performance, dividends, and Unilever’s brand portfolio.
🌟 Introduction
From Horlicks in the morning to Boost in the evening, Unilever Consumer Care Ltd. is a household name in Bangladesh. Formerly GlaxoSmithKline Bangladesh, the company rebranded in 2020 under Unilever’s global umbrella.
Today, UNILEVERCL is one of the most stable and trusted stocks on the Dhaka Stock Exchange (DSE), focusing on nutrition and health products. And beyond this listed company, Unilever Bangladesh Ltd. touches the lives of 9 out of 10 households through its 20+ consumer brands.
🏛 History & Evolution
- 1974: Incorporated as GlaxoSmithKline Bangladesh.
- 2020: Renamed Unilever Consumer Care Ltd.
- Legacy Products: Horlicks, Boost, Maltova, GlucoMax D.
This rebranding brought Bangladesh’s most iconic nutrition products under the world’s largest consumer goods company.
🧴 Products & Brand Portfolio
📌 Nutrition Portfolio (UNILEVERCL – listed company)
- Horlicks – iconic malt drink.
- Boost – energy drink.
- Maltova – chocolate malt beverage.
- GlucoMax D – glucose powder.
📌 Unilever Bangladesh Full Brand Portfolio
Unilever Bangladesh offers 20 beloved brands across personal care, hygiene, and home care, including:
- Clear
- Clear Men
- Clinic Plus
- Close Up
- Domex
- Dove
- Glow & Handsome
- Glow & Lovely
- Knorr
- Lifebuoy
- Lux
- Pepsodent
- POND’S Skin Institute
- Rin
- Sunsilk
- Surf Excel
- TRESemmé
- Vaseline
- Vim
- Wheel
This wide product mix ensures constant consumer demand and makes Unilever one of the most resilient FMCG players in Bangladesh.
📊 Financial Snapshot (2025)
| Indicator | Value |
|---|---|
| Share Price | ৳2,522.50 (Sept 2025) |
| Market Cap | ~৳48.6 Billion |
| Revenue (TTM) | ~৳3.42 Billion |
| Net Income (TTM) | ৳635 Million |
| EPS (TTM) | ৳32.95 |
| P/E Ratio | ~76.5× |
| Dividend Yield | ~2.1% (৳52/share) |
| 52-Week Range | ৳2,101 – ৳3,020 |
💰 Dividend Policy
Unilever Consumer Care has a long dividend history:
- 2019: 530%
- 2020: 440%
- 2021: 440%
- 2022: 300% (incl. 60% stock dividend)
- 2023: 300% cash dividend
Such consistency reinforces its reputation as a reliable income stock.
📈 Investment Outlook
✅ Strengths
- Global brand power (Horlicks, Boost, Dove, Lux, Lifebuoy, Vaseline, Sunsilk, etc.).
- Stable dividends over time.
- Low volatility compared to DSE average.
- Strong household penetration across Bangladesh.
⚠️ Risks
- High valuation (P/E ~76×) – expensive compared to peers.
- Dividend yield (2.1%) – lower than some pharma and banking stocks.
- Input cost pressures – raw materials and imports affect margins.
❓ FAQs
Q1: What is the ticker code for Unilever Consumer Care?
A: UNILEVERCL (DSE-listed).
Q2: What are its flagship nutrition products?
A: Horlicks, Boost, Maltova, and GlucoMax D.
Q3: What other brands does Unilever Bangladesh own?
A: Dove, Lux, Sunsilk, Lifebuoy, Surf Excel, Pepsodent, Vaseline, Wheel, Knorr, and more.
Q4: Does UNILEVERCL pay dividends?
A: Yes, consistently — most recently ~300% payout.
✅ Conclusion
Unilever Consumer Care Ltd. (UNILEVERCL) is a premium consumer healthcare stock on DSE. While the dividend yield is modest and the stock trades at a high multiple, its brand trust, stability, and global backing make it a defensive pick for long-term portfolios.
Meanwhile, Unilever Bangladesh’s 20 consumer brands guarantee everyday demand resilience—from shampoo to detergent to nutrition. For investors seeking brand-backed security with consistent returns, UNILEVERCL is a strong contender.
