FMCG major Emami said on Tuesday that its Bangladesh business is currently being impacted, but the company doesn’t expect any market share loss in that country going forward.
“Currently, the business is getting impacted. In fact, in the last month it was very turbulent. But it has stabilised. Our factories have started operations, the markets have opened. And, we are hopeful of getting things stabilised,” CEO – Finance, Strategy & Business Development and CFO N.H. Bhansali told shareholders of Emami Ltd during its annual general meeting while replying to their queries about the company’s operations in Bangladesh.
“We do not see a very big impact on the overall business from the Bangladesh business. We are hopeful that things will stabilise over a period,” Bhansali said.
Most of the major Indian FMCG companies have a presence in Bangladesh. These companies’ operations were impacted in South Asia, which has witnessed months of political uncertainties.
Emami is hopeful that…