P&G profiteered Rs 250 cr from GST rate cuts, says DGAP report

Procter and Gamble (P&G), a top consumer goods firm, has been charged with profiteering in a probe conducted by the Director General of Anti-Profiteering (DGAP). The company, which sells Tide detergent, Gillette razors, Head and Shoulder shampoos among other products, is found to have profiteered a total of around Rs 250 crore by not passing the benefit of tax rate cuts onto its customers, sou…