The cigarette maker has reported a consolidated net profit of Rs 199.25 crore in Q3 FY23, which is higher by 70% as compared with Rs 117.03 crore recorded in Q3 FY22.
On the segmental front, gross revenue from cigarette business increased by 30% while that from retail and other products grew 11% YoY during the period under review. Net revenue from operations increased by 30% YoY to Rs 908.62 crore. Total expenses rose by 31% to Rs 755.12 crore in Q3 FY23 from Rs 575.98 crore in Q3 FY22.
Profit before tax in the third quarter stood at Rs 243 crore, up by 55% from Rs 156.93 crore recorded in the same period last year.
Godfrey Phillips India is engaged in manufacturing of cigarettes, tobacco products and chewing products and in trading of tobacco products and other retail products.
The scrip declined 3.63% to end at Rs 1898.45 on the BSE yesterday.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
Great minds don’t just skim the surface, they uncover the full story.
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 →
and get complimentary access to
Smart Quarterly
₹900
3 Months
₹300/Months/month
Smart Essential
₹2700
1 Year
₹225/Months/month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Unlimited access to all articles
30+ premium stories daily, handpicked by our editor
Complimentary Access to The New York Times
News, Games, Cooking, Audio
Wirecutter & The Athletic
Complimentary Access to Our e-Paper
Digital replica of our daily newspaper
Read, save, share any article
Curated Newsletters on Diverse Topics
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Smart Investment Tips
In-depth stock analysis & insights
The Smart Investor for wealth growth tips
Access to Extensive Historical Archives
Repository of articles and publications dating back to 1997
Ad-free Reading Experience
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Repository of articles and publications dating back to 1997