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.
The company had posted a net profit of Rs 112.40 crore during the April-June quarter of the preceding fiscal, Godfrey Phillips India said in a regulatory filing.
Meanwhile, the board of Godfrey Phillips India also approved the appointment of Bina Modi as Chairperson of the board to succeed RA Shah, who decided to retire and not seek re-appointment.
Bina Modi is currently the Managing Director and CEO.
Godfrey Phillips India's revenue from operations was up 33.49 per cent to Rs 981.83 crore during the quarter under review against Rs 735.49 crore in the corresponding period of the previous fiscal.
Its total expenses rose 30.86 per cent to Rs 825.61 crore in Q1 FY 2022-23 from Rs 630.90 crore.
Godfrey Phillips' first-quarter revenue from cigarettes, tobacco and related products increased 33.71 per cent to Rs 877.19 crore compared to Rs 656.02 crore a year ago.
Revenue from retail and related products in Q1 FY 2022-23 was up 34.52 per cent to Rs 104.50 crore against Rs 77.68 crore.
Godfrey Phillips operates the convenience store chain 24Seven.
Meanwhile, in a separate filing, Godfrey Phillips India informed that its board on Saturday approved the voluntary winding up of its Dubai-based wholly-owned subsidiary company Godfrey Phillips Middle East DMCC.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app