Impact of US Product Boycott on Indian Listed Companies
A researched risk-map of companies most exposed if India bans U.S. products
Most Exposed (with why)
- Redington Ltd — Major distributor for Apple in India; Apple was ~27% of its revenue.
- Varun Beverages (VBL) — PepsiCo’s key bottling/franchise partner in India.
- Devyani International — Franchisee for KFC & Pizza Hut; exclusive Costa Coffee partner.
- Sapphire Foods India — Operates KFC, Pizza Hut, Taco Bell.
- Westlife Foodworld — McDonald’s master franchisee (West & South India).
- Jubilant FoodWorks — Master franchisee for Domino’s; also runs Popeyes.
- Tata Consumer Products (Starbucks JV) — 50:50 JV with Starbucks.
- Colgate-Palmolive (India) — Subsidiary of Colgate-Palmolive (US).
- P&G Hygiene & Health Care — Listed Indian arm of Procter & Gamble (US).
- Abbott India — Subsidiary of Abbott Laboratories (US).
- 3M India — Flagship listed company of 3M (US).
- Honeywell Automation India — Indian listed arm with U.S.-origin products.
- Oracle Financial Services Software — Subsidiary of Oracle (US).
- Netweb Technologies — Manufactures servers with NVIDIA platforms.
Second-order Risks to Watch
- Electronics/IT hardware ecosystem relying on Intel, AMD, NVIDIA, Microsoft stacks could face severe disruption and cost spikes.
⚠️ Note: This is a hypothetical scenario; real-world impact depends on scope, transition windows, and exemptions. This is not investment advice.