Taufika Foods and Lovello Ice Cream Ltd has reported a 23.51 per cent year-on-year rise in profit to Tk 95.14 million for the first quarter through September of FY26, driven by higher revenue.
According to the price-sensitive information published on Saturday, the company's earnings per share (EPS) increased to Tk 1.02 in the July-September quarter of FY26, from Tk 0.91 in the corresponding period of FY25.
Company Secretary Md. Moheuddin Sarder told The Financial Express that the company had fully utilized its IPO proceeds last year, which helped enhance its production capacity.
"We have also introduced several new products that helped us capture additional market share," he said.
Lovello Ice Cream's revenue grew 15 per cent in the July-September quarter of FY26 compared to the same period a year earlier.
A 2021 market study showed that Lovello held around 5 per cent of Bangladesh's Tk 14-billion ice-cream market, where Igloo dominated with more than 40 per cent share and Polar ranked second with over 20 per cent.
A subsequent 2022 study estimated the country's ice-cream market at nearly Tk 24 billion, with Lovello's share rising to over 10 per cent.
The company raised Tk 300 million through its initial public offering (IPO) in 2021.
Alongside its quarterly results, the company also announced its annual financials for FY25, reporting a net profit of Tk 154.28 million, up 26.7 per cent year-on-year. It declared an 11 per cent cash dividend and a 5 per cent stock dividend for the year.
As of Thursday, Lovello's share price stood at Tk 97.30 each on the Dhaka Stock Exchange.
Before the latest earnings disclosure, the company's unaudited price-to-earnings (P/E) ratio was 32.01, while the audited P/E ratio stood at 74.85.
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