Kathmandu, Nov. 22 -- The September Gen Z violent protest against corruption and the social media ban has not only inflicted economic losses running into billions but also dented the profits of multinational companies operating in Nepal.

Unilever Nepal, the country's largest fast-moving consumer goods (FMCG) manufacturer, reported a 43 percent quarter-on-quarter drop in its net profit to Rs300 million, according to its latest financial statement.

The company's total income also fell 11.01 percent in the first quarter of the current fiscal year.

Unilever said in its quarterly review that the unrest, curfews and restricted movement during the peak festive season dampened consumer sentiment and hit sales across all segments, led by person...