Godfrey Phillips India Limited, a distinguished participant within the Indian FMCG trade, proudly proclaims its monetary outcomes for the primary quarter of the fiscal 12 months 2023-24 (FY24). The firm’s distinctive development and resilience have propelled it to attain important milestones.
Dr. Bina Modi, Chairperson and Managing Director of Godfrey Phillips India
During the Q1 of FY24, Godfrey Phillips India skilled a formidable surge in consolidated income from operations, rising by 26.84% to achieve Rs. 1,245.39 crore, as in comparison with Rs. 981.83 crore within the corresponding interval of the earlier 12 months. The Company additionally recorded a consolidated web revenue of Rs. 254.44 crore as in opposition to Rs. 142.29 crore throughout the corresponding interval of the earlier 12 months, a rise of 78.82%, as reported in its regulatory submitting. The Company demonstrated sturdy cigarette home quantity development and unmanufactured tobacco export development in Q1 of FY24.
Addressing this exceptional achievement, Dr. Bina Modi, Chairperson and Managing Director of Godfrey Phillips India, said, “We are delighted to announce our Q1 FY24 monetary outcomes, which mirror our persevering with development momentum from the earlier 12 months to this quarter. This exceptional success is a testomony to the dedication and laborious work of the OneGPI household – our distinctive crew. I firmly consider that a firm grows when its folks develop. Hence, we repeatedly promote a tradition of efficiency, put money into functionality constructing, and prioritize the holistic well-being of our workers. Our constant certification as a Great Place To Work for 5 consecutive years underscores our unwavering dedication to our People-First philosophy.”
Sharad Aggarwal, the Functional CEO and Whole-time Director of Godfrey Phillips India commented on the Company’s future plans, stating, “We are dedicated to delivering the very best outcomes for all our stakeholders. Our top-line development was supported by a important enhance in exports of unmanufactured tobacco throughout the present quarter. As we transfer ahead, we plan to develop our enterprise footprint whereas sustaining a sharp concentrate on sustainable development and profitability. On folks entrance, we’re infusing younger expertise within the management crew, who’re being mentored by their predecessor. This means we’re getting the best steadiness of recent perspective and knowledge of expertise.”
With an optimistic outlook, Godfrey Phillips India stays steadfast in its dedication to delivering sustainable development, creating optimum stakeholder worth, and attaining excellence throughout all its operations.