The company reported a consolidated net profit of 2.12 billion rupees (~$26 mln) for the quarter ended Dec. 31, up 6.6% from last year
Cigarette maker Godfrey Phillips India Ltd on Friday reported 8.51 per cent decline in consolidated net profit at Rs 163.01 crore for the second quarter ended September 30, 2023. The company had logged a net profit of Rs 178.19 crore during September quarter a year ago, according to a regulatory filing by Godfrey Phillips India. Revenue from operations was up at Rs 1,374.55 crore as against Rs 1,191.56 crore. Total expense was Rs 1,194.03 crore, up 19.80 per cent. Total income in the September quarter was Rs 1,412.55 crore, a rise of 14.4 per cent year-on-year. Revenue from cigarettes, tobacco and related products was Rs 1,258.48 crore, up 16.64 per cent year-on-year. Revenue from retail and related products was higher at Rs 117.26 crore as against Rs 112.39 crore earlier, it said. Godfrey Phillips operates convenience store chain 24Seven. Shares of Godfrey Phillips India were trading at Rs 2,178 apiece on BSE, down 7.18 per cent from the previous close.
Shareholders of Godfrey Phillips India have rejected the company's proposal for a related party transaction to annually export unmanufactured tobacco worth up to Rs 1,000 crore to Philip Morris Products SA. Philip Morris Products SA is a member entity of the group to which Philip Morris Global Brands Inc, USA -- a promoter shareholder of the company. As many as 57.94 per cent of the shareholders present at Godfrey Phillips India's annual general meeting on September 1 voted against the "material related party transaction between the company and Philip Morris Products SA". The proposal was to continue supplying unmanufactured tobacco to Philip Morris Products SA on an arm's length pricing and non-exclusive basis, subject to the condition that the aggregate value of the sale/export of the unmanufactured tobacco is up to Rs 1,000 crore in a financial year. The resolution was supported by only 42.06 per cent of the total votes polled in the AGM. An ordinary resolution is passed by a .
Cigarette maker Godfrey Phillips India Ltd on Wednesday reported an increase of 68.61 per cent in its consolidated net profit to Rs 220.97 crore for the first quarter ended on June 2023. The company had posted a net profit of Rs 131.05 crore during the April-June quarter of the previous fiscal, Godfrey Phillips India said in a regulatory filing. Its revenue from operations was up 26.84 per cent to Rs 1,245.39 crore during the quarter under review as against Rs 981.83 crore in the corresponding period of the previous fiscal. Godfrey Phillips' total expenses were at Rs 1,036.06 crore, up 25.5 per cent in the first quarter of FY 2023-24. Its total income in the June quarter was Rs 1,298.08 crore, up 31.9 per cent. Its revenue from cigarettes, tobacco and related products was Rs 1,128.90 crore, up 28.7 per cent during the April-June period. While revenue from retail and related products was Rs 112.95 crore, up 8.08 per cent, as against Rs 104.50 crore in the first quarter of last fis
Cigarette maker Godfrey Phillips India Ltd on Saturday reported an increase of 6.41 per cent in its consolidated net profit to Rs 110.54 crore for the quarter ended March 2023. The company had posted a net profit of Rs 103.88 crore during the January-March quarter of the previous fiscal, Godfrey Phillips India said in a regulatory filing. Its revenue from operations was up 14.33 per cent to Rs 968.40 crore during the quarter under review as against Rs 846.95 crore in the corresponding period of the previous fiscal. Godfrey Phillips' total expenses were at Rs 869.01 crore, up 17.8 per cent in Q4/FY 23, as against Rs 737.72 crore. Its revenue from cigarettes, tobacco and related products was Rs 874.15 crore. While revenue from retail and related products was Rs 100.98 crore as against Rs 83.52 crore in the fourth quarter last fiscal, it said. Godfrey Phillips operates the convenience store chain 24Seven. For the fiscal year ended March 2023, Godfrey Phillips India's net profit was
ITC stock needs to sustain over Rs 350 to embark a new bull-run
Cigarette maker Godfrey Phillips India Ltd on Saturday reported a 16.6 per cent rise in its consolidated net profit to Rs 131.05 crore for the first quarter ended June 30
Cigarette maker Godfrey Phillips India Ltd on Saturday reported a 9.07 per cent increase in its consolidated net profit to Rs 103.88 crore for the January-March quarter of 2021-22.
Brokerage house Centrum Broking has given a 'buy' call for Godfrey Phillips India and UPL shares.
Cigarette maker Godfrey Phillips India Ltd on Friday reported an over twofold jump in its consolidated net profit to Rs 112.40 crore for the first quarter ended June 2021
Cigarette maker Godfrey Phillips India Ltd on Saturday reported an 8.09 per cent increase in its consolidated net profit
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For the quarter ended June 2020, Godfrey Phillips India's consolidated net profit dropped 53.56 per cent to Rs 55.10 crore.
An ITC spokesperson, too, said the company was relying on innovative products across different price points to maintain its market dominance
GPI, in a clarification on Tuesday, said that its promoter KK Modi-owned Modi Enterprises has no plan to sell its stake in the cigarette maker.
Godfrey Phillips clarified that it is neither engaged nor privy to any such discussions on "rumoured potential transaction by its promoters"
The company had reported a net profit of Rs 72.33 crore in the July-September quarter a year ago, Godfrey Phillips said in a BSE filing
Stock calls by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers
The company reported consolidated net profit of Rs 119 crore in Q1FY20, against Rs 57 crore registered in the year- ago quarter on strong volume growth.