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A 16.6 per cent rise was recorded by Godfrey Phillips India Ltd. with a net profit to Rs 131.05 crore in Q1 this year. In the last year, same quarter, the company recorded a net profit of Rs 112.40 crore, the firm said in a regulatory filing.
Simultaneously, Bina Modi is all set to succeed RS Shah as the Chairperson of the firm’s board. Presently, Modi is the CEO and the Managing Director.
The operation revenue went up by 33.49 per cent to record Rs 981.83 crore during this quarter as opposed to Rs 735.49 crore in the same quarter of the previous fiscal year. The total expense rise was of 30.86 per cent at Rs. 825.61 crore in Q1 of this fiscal.
The firm’s revenue from tobacco, cigarettes, and other related products saw a surge of 33.71 per cent at Rs. 877.19 crore compared to Rs 656.02 crore, in the same quarter, previous year. A surge of 34.52 per cent was also recorded in the retail revenue in the first quarter of 2022-2023 fiscal by reaching Rs. 104.50 crore as compared to Rs. 77.68 crore in the same quarter previous fiscal.
Simultaneously, Godfrey Phillips India is all set to voluntarily close its Dubai based subsidiary firm Godfrey Phillips Middle East.
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