In a recent article by Marketwatch, PG is looking for more sales growth in China and India with their growing middle-classes and greater disposable incomes.
From P&Gs website:
Our billion-dollar brands and aspiring billion-dollar brands represent 85% of P&G’s sales and more than 90% of profit.
We will continue to focus sharply on our core businesses and brands because this is the primary way we touch and improve lives—and there is plenty of room to keep growing our core brands and categories.
Global Household Care is a $200 billion market—and P&G’s global share is about 20%.
- Consumer Health Care is a $240 billion market; P&G is a market leader with just a 5% share.
- Beauty & Grooming is a $300 billion market and P&G is leading, but with only a 13% share.
I think PG is getting serious about going global and with recent pullback, I am looking to pickup another 1/4 of PG at $60 if it can get there. (I sold 1/2 of my target 2/18/10 at $63)