Godfrey Phillips India Q2 up 53% at Rs 50 crore

Cigarette maker Godfrey Phillips India today reported a 53.03 per cent rise in standalone net profit at Rs 49.72 crore for the second quarter ended September 30.
The company had posted a standalone net profit of Rs 32.49 crore in the same quarter a year ago.
Godfrey Phillips net sales during the July-September quarter stood at Rs 566.41 crore, up 2.28 per cent from Rs 553.78 crore in the same period last fiscal, the company said in a regulatory filing.
However, company's standalone net profit for the first half of financial year 2016 was down 8.14 per cent to Rs 103.50 crore as against Rs 112.68 crore a year ago.

Its net sales during the first half of the current fiscal were down 6.70 per cent to Rs 1,154.12 crore as against Rs 1,237.07 crore in the same period a year ago.