Godfrey Phillips surges over 15% on robust Q1 numbers

27 Jul 2023 , 12:49 PM

Godfrey Phillips shares rose 15.4% to Rs 1,995 in Thursday’s trading after the business reported a 68.6% year-on-year (YoY) increase in consolidated net profit to Rs 220.97 crore for the first quarter ended June 2023, against Rs 131.05 crore in the previous corresponding quarter.

Company said that revenue from operations surged by 26.84% y-o-y to Rs 1,245.39 crore in the quarter under review, as compared to Rs 981.83 crore in the same quarter of the previous year. Meanwhile, its overall expenses in the first quarter of FY 2023-24 were Rs 1,036.06 crore, up 25.5% year-on-year.

The company’s overall income in the June quarter was Rs 1,298.08 crore, reflecting an increase of 31.9% year-on-year.

Godfrey Phillips’ sales from cigarettes, tobacco, and associated products was Rs 1,128.90 crore in April-June, rising 28.7% year-on-year. While revenue from retail and allied items increased by 8.08% to Rs 112.95 crore from Rs 104.50 crore in the first quarter of last year.

At around 12.43 PM, Godfrey Phillips was trading 12.09% higher at Rs 1,931.90 per piece, against the previous close of Rs 1,723.55 on NSE. 

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