P&G Home turns profitable after 4 years; sales still lower than in FY14

Group seems to have taken eye off India in global strategy

After tepid performance in the past four years, Procter & Gamble (P&G) Home Products improved on profit in 2017-18. The largest local arm of the global home care products major, it posted Rs 3.8 billion in net profit. 

This came after yearly losses since 2013-14, barring the Rs 0.2 billion in net profit for 2014-15, shows data with the registrar of companies. 

Operating revenue was also back on a growth path, rising 7.4 per cent to Rs 52.1 billion. In the previous two years, revenue had fallen by 8.4 per and 12.4 per cent, respectively. In fact, despite