Cigarette maker Godfrey Phillips India reports 2 per cent growth in consolidated net profit ₹104.91 crore in the second quarter ended September 30, 2021, despite a fall in revenue. The company had posted a consolidated net profit of ₹103.06 crore in the corresponding quarter of the previous financial year, showed a regulatory filing by the company on Saturday.
Consolidated total revenue from operations was ₹772.72 crore as against ₹822.21 crore in the corresponding period of the previous financial year, there was a decline in revenue from cigarettes, tobacco and related products. This segment earned revenue of ₹677.52 crore as compared to ₹749.24 crore in the year-ago quarter, the company said.
Godfrey Phillips said the revenue of its retail and related products segment was ₹90.47 crore as against ₹70.97 crore in the same period of last financial year.
In the first half of the financial year (H1) ended September 30, 2021, the consolidated net profit of the company was ₹217.31 crore as compared to ₹158.64 crore in the same period last fiscal, the filing said.
Consolidated total revenue from operations in the first half of the current financial year ₹1,508.21 crore as against ₹1,284.78 crore in the same period last year, GPI said.
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