
Samsung India is currently undertaking multiple initiatives to boost profit which declined three-fifths in the past two fiscals due to the price war it entered with Chinese companies like Xiaomi, OnePlus, Oppo and Realme in smartphones and televisions. In FY19, Samsung India’s net profit was Rs 1,540 crore, down from its recent peak of Rs 4,156 crore in FY17.
from Hardware-Tech-Economic Times https://economictimes.indiatimes.com/tech/hardware/koreans-take-greater-charge-of-samsung-indias-financial-transactions/articleshow/73444009.cms
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