Nepal, Indonesia unrest may pose sales risks for Indian consumer firms, says Macquarie

Berger Paints India

11/09/2025 05:42

**  Indian consumer companies Godrej Consumer Products GOCP.NS and Dabur DABU.NS to be impacted by volatility in Nepal and Indonesia, Macquarie says

** Adds, 14% of GOCP's sales came from Indonesia in FY25 and 8% of Dabur's sales came from Nepal in the same period

** Notes, GOCP's Indonesia growth, which has been impacted in the last few quarters due to higher competitive pricing, could be at risk again due to the unrest

** Cigarettes maker ITC ITC.NS, Berger Paints BRGR.NS and soap and shampoo maker Hindustan Unilever HLL.NS get 3%, 2% and about 1% of sales from Nepal respectively, brokerage says

** On the day, GOCP and DABU largely flat at 1259 rupees and 544.15 rupees, respectively

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))