Page 3 - Godfrey Phillips India

Godfrey Phillips to sell 24Seven business, plans to exit from retail sector

Cigarette maker Godfrey Phillips India on Friday said it has decided to exit from its loss-making retail business 24Seven. The board of the company in a meeting held on Friday "decided to exit from carrying out the business operations of its Retail Business Division," said a regulatory update from Godfrey Phillips India. Godfrey Phillips India was operating 150 stores/kiosks of 24Seven as of December 2023. A decision in this regard was taken following a detailed review of the company's retail business division and after due consideration of the stakeholders' feedback, long-term performance, prevailing market conditions of the retail sector and long-term business strategy of the company, it added. "The exit will be subject to completion of the necessary formalities," it said. Revenue of 24Seven in FY23 was Rs 396 crore, contributing 9.3 per cent of the total revenue from operations for the company. "The Retail Business Division had a negative net worth as on 31st March 2023 on acc

Exide, UTI AMC: 5 SmallCaps that hold promise in this market correction

Godfrey Phillips has been one of the key outperformers among SmallCaps thus far in 2024; presently the stock is seen testing support at its trend line, shows daily chart.

Godfrey Phillips Q3 results: Profit rises 6% to Rs 212 cr, revenue up 34%

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

Godfrey Phillips India Q2 results: Net profit down 8.5% to Rs 163 cr

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.

Godfrey shareholders reject proposal to sell unmanufactured tobacco

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 .

Godfrey Phillips India's consolidated net profit rises to Rs 220.97 cr

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

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

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, NTC Ind: Strategies for Cigarette-related stocks after duty hike

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Godfrey Phillips India's Q1 net profit rises 16.6% to Rs 131.05 crore

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

Godfrey Phillips India Q4 profit up 9% to Rs 103.88 cr, income up 2.84%

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.

Centrum Broking gives 'buy' call for Godfrey Phillips India, UPL

Brokerage house Centrum Broking has given a 'buy' call for Godfrey Phillips India and UPL shares.

Godfrey Phillips India's net profit sees twofold jump to Rs 112.40 cr in Q1

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

Godfrey Phillips India third quarter net profit up 8% at Rs 123 cr

Cigarette maker Godfrey Phillips India Ltd on Saturday reported an 8.09 per cent increase in its consolidated net profit

Top headlines: Rs 1.45 trn to boost manufacturing; green shoots in retail

From government announcing new plan to boost domestic manufacturing to SpiceJet reporting loss in its September quarter, here atop headlines this morning

Lalit Modi's son Ruchir escalates fight in Godfrey Phillips India

Writes to NSE, BSE again, questioning appointment of Bina Modi as firm's president and MD

Godfrey Phillips India in focus; shares advance over 14%

For the quarter ended June 2020, Godfrey Phillips India's consolidated net profit dropped 53.56 per cent to Rs 55.10 crore.

ITC, Godfrey Phillips India bet on flavours to burn illicit trade

An ITC spokesperson, too, said the company was relying on innovative products across different price points to maintain its market dominance

Godfrey Phillips falls for second straight day; plunges 14% in 2 days

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 Philips denies promoters selling stake, Lalit Modi slams company

Godfrey Phillips clarified that it is neither engaged nor privy to any such discussions on "rumoured potential transaction by its promoters"

Godfrey Phillips India Q2 consolidated net up 57% at Rs 113.54 crore

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