Walton’s Revenue Grew By 24.9% In 9M’21-222 min read

Walton Hi-Tech Industries PLC, the leading electrical and electronics manufacturer in Bangladesh has published its financial report for the period Jul 21-Mar’22. Revenue of the company increased by 24.9% YoY from Tk 42,918.4 Mn in 9M’20-21 to Tk 53,606.1 Mn in 9M’21-22. However, profit after tax decreased by 20.7% YoY from Tk 10,336.1 Mn in 9M’20-21 to Tk 8,199.3 Mn in 9M’21-22.


Revenue of the company increased by 24.9% YoY even though July and the first week of August were in strict lockdown due to Covid-19. This is mainly due to the rise of consumer spending in 2021 as the mass vaccination program has allowed normalcy of business activities. Domestic sales increased by 22.7% YoY from Tk 42,215.6 Mn in 9M’20-21 to Tk 51,803.8 Mn in 9M’21-22.

Wal 1

Export which is now the focus of the company increased by a staggering 156.5% YoY from Tk 702.8 Mn in 9M’20-21 to Tk 1,802.3 Mn in 9M’21-22. Revenue contribution from export has increased to 3.6% of the total revenue in 9M’21-22 compared to only 1.6% in the same period last year.

Gross Profit

Gross profit decreased by 2.5% YoY mainly due to a decline in gross profit margin. The gross profit margin was 30.7% in 9M’21-22 which was 39.4% in 9M’20-21. Due to the price hike of inventories in the international market, the cost of goods sold and the cost of inventories increased significantly in the comparative period. Hence the gross margin has declined by 8.6%.

Wal 2


Profit after tax decreased by 20,7% mainly due to lower gross profit margin and higher operating expenses. Selling & Distribution expenses increased by 63.9% YoY from Tk 3,318.3 Mn in 9M’20-21 to Tk 5,438.2 Mn in 9M’21-22.

Read more: 8 Fascinating Facts You Didn’t Know About Walton

Wal 3

Future Ahead

Walton is continuing to perform well in terms of sales growth despite the pandemic challenges. The gross profit decreased as the company didn’t pass on the rising raw materials price to the customers. As the global inflation hike is a new concern, the gross profit might not recover quickly. But the sales growth clearly shows customers’ willingness to buy consumer durables from Walton even in these challenging times.

For more updates, be with Markedium.

Check Out
0 0 votes
Article Rating

Get real time updates directly on you device, subscribe now.

You might also like
Notify of

Inline Feedbacks
View all comments
Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Would love your thoughts, please comment.x


Join our mailing list to receive the latest news and updates from Markedium!

You have Successfully Subscribed!