MK Footwear secures another export deal, targets strong overseas growth

Listed company MK Footwear
has signed a finished shoes OEM manufacturing deal with Hong Kong-based
Fundrich Global Co, Limited and a separate export agreement with China's
Jinjiang Akia Sports Co Ltd, marking a strong push into global markets.
According to stock exchange
disclosures, the board approved the OEM deal on 6 April, though it was signed
earlier on 25 March.
Trial production under the
Fundrich deal will begin on 3 May, with a target of 200,000 pairs during the
April–June phase as the company prepares for full-scale operations. Subject to
successful completion, both parties plan to sign a five-year agreement by 1
July to secure a steady export pipeline.
For 2026-27, MK Footwear
targets sales of 2.7 million pairs and export earnings of $21.6 million – up
343% from 2024-25. It aims to raise annual capacity to 5 million pairs by March
2029, with projected export turnover of $40 million, or about Tk500 crore.
The board said the
partnerships would improve capacity utilisation, strengthen exports, and create
shareholder value, subject to execution and compliance with contract terms. The
Dhaka Stock Exchange has sought a copy of the Fundrich agreement, which the company
has yet to submit, drawing investor attention.
Separately, MK Footwear
signed an export deal on 24 March with Jinjiang Akia Sports, which will place a
minimum annual order of 1 million pairs, subject to agreed designs and
specifications, with expected export revenue of $8-10 million a year. Dedicated
production capacity will be allocated, with standard terms on quality,
delivery, and payment.
The expansion comes amid
improved financials. In FY2024-25, revenue stood at Tk78.79 crore, while net
profit rose 116% to Tk8.76 crore, partly driven by Tk6.37 crore in gains from
selling shares of Legacy Footwear acquired at a lower cost.
The company earlier declared
a 12% cash dividend for shareholders other than sponsors and directors for the
year ended 30 June 2025.
















