Godfrey Phillips India Q4 net up 6.4% to Rs 110 cr, revenue rises 14.3%

Cigarette maker Godfrey Phillips India Ltd on Saturday announced a 6.41 per cent increase in its consolidated net profit to Rs 110.54 crore for the quarter ended March 2023.

Godfrey Phillips India announced in a regulatory filing that the company posted a net profit of Rs.103.88 crore during the January-March quarter of the previous financial year.

Its revenue from operations increased by 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 financial year.

Godfrey Phillips’ total expenses were at Rs.869.01 crore, up 17.8% in Q4/FY23, against Rs.737.72 crore.

Its revenue from cigarettes, tobacco and related products was Rs.874.15 crore.

Revenue from retail and related products was Rs.100.98 crore as against Rs.83.52 crore in the fourth quarter of the last financial year.

Godfrey Phillips runs the 24Seven convenience store chain.

For the financial year ending March 2023, Godfrey Phillips India’s net profit increased by 38.52 per cent at Rs.606.82 crore. It declared a net profit of Rs. 438.06 crore in the previous financial year.

Its revenue from operations was Rs.4,227.77 crore in 2022-23. This is 32.4 per cent higher than the ₹3,193.38 crore in the period last year.

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First published: May 27, 2023 | 10:52 PM ist