Financial Performance Analysis of Agion Laboratories Private Limited and An Overview of Skin Care Products Industry of Bangladesh

Abstract

The Bangladesh skin care products market size was valued at $1.23 billion in 2020, and is expected to garner $2.12 billion by 2027, registering a CAGR of 8.1% from 2021 to 2027. The skin care products market exhibits an incremental revenue opportunity of $960 million from 2020 to 2027. Skin care products refer to those products which aid skin integrity, provides relief to skin conditions, and furthermore enhance its appearance. There are several types of skin care products available in the market, which include cream, lotion, masks, serums, and others. Skin care products are manufactured using several ingredients namely, chemical compounds, medicinal herbs, or natural ingredients. The Herbal product industries provide a good contribution to the country's economy and are a significant contributor to GDP. This study is basically focused on Herbal and skin care products market sector of Bangladesh, as well as Agion Laboratories private Limited’s activities and financial statement examination. As a recent business graduate, this study has given me a greater understanding of how a company may excel in its overall operations while also strengthening its financial position. This report outlines the overall basis, method, goal, timeline, and deliverables for leading the exploration of the Herbal Natural Products industries. Furthermore, an overview of Agion Laboratories Private Limited, as well as the company's overall manufacturing operations and division descriptions. Finally, the study discusses a financial statement analysis to assess the Agion Laboratories Pvt. Ltd.'s financial performance and offers some recommendations for improving overall operating efficiency.