Malhotra added, “We are monitoring the situation closely and we will make all efforts to resume normalcy in operations.”
Bangladesh accounts for under 1% of Dabur’s consolidated revenue and under 0.5% of its profits.
Dabur’s subsidiary in Bangladesh makes Amla and Vatika hair oils and Odonil air fresheners.
Dabur was among the companies that had sent immediate advisories to its employees to stay indoors and not report to work at the office a day after violent protests forced Prime Minister Sheikh Hasina to resign and flee to India, ET reported earlier.
“Bangladesh is going through an unprecedented political crisis; many Indian companies have exposure to Bangladesh either as a market or as a supply chain component and these may have an impact due to the ongoing unrest,” Nuvama Institutional Equities said in a note on Tuesday. Abneesh Roy, executive director at Nuvama said, “Asian Paints, Dabur, Godrej Consumer, and Pidilite also have businesses in Bangladesh but overall impact would be quite low as Bangladesh is in low single digits as a percent of overall sales.”Marico on Wednesday in a stock market release said that it expects to start production in Bangladesh soon, while its field sales forces have already started operations.
“After a brief interruption, a large majority of our retail sales force and distributors have now resumed operations. We expect our manufacturing operations to resume soon, while we continue to maintain an adequate assurance of supply of our products to meet market (Bangladesh) demand in the interim,” Marico had said.
