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.
Bina Modi is currently the Managing Director and CEO.
Its total expenses rose 30.86 per cent to Rs 825.61 crore in Q1 FY 2022-23 from Rs 630.90 crore.
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.