Leading Indian FMCG firms, including Dabur and Emami, today said their businesses in Egypt might get an impact due to the ongoing political unrest in the African nation.
Already Dabur, which has hair oil production plant in Egypt, has shut operations from yesterday.
"If the unrest continues for a longer period of time, there might be some impact. It would be too early to comment on the same," Dabur India Chief Executive Officer Sunil Duggal told PTI.
Egypt accounts around 15 per cent to Dabur's overseas business, which stood at around Rs 600 crore last fiscal while it contributes about 2.5 per cent to its overall turnover.
"We are still watching the developments in Egypt. If the unrest is resolved over the next few days and weeks, we would not see much of any impact on business," Duggal said.
Another FMCG firm Emami said the impact will not be much as it has just started its business in the country. The Kolkata-based company had recently bought a manufacturing facility for around Rs 25 crore.
"We have just started operation in Eygpt. Our business is nascent there. Whether there will be an impact because of the political turmoil, it is too early to say... There will be some short-term impact but whether it will have in a big way, we have to wait for sometime," Emami International Director Prashant Goenka said.
At present, Egypt contributes up to two per cent to the company's overseas business, which was at around Rs 135 crore last fiscal.
Currently, the company sells skin care products and haircare range in the country.
