Marlboro, Red & White cigarette maker Godfrey Phillips India's profit jumps 2x in June quarter

Godfrey Phillips India's revenue from operations in April-June 2021 jumped 59 per cent to Rs 735.49 crore, against Rs 462.57 crore in the year-ago period.

New Delhi: Cigarette maker Godfrey Phillips India Ltd on Friday reported an over twofold jump in its consolidated net profit to Rs 112.40 crore for the first quarter ended June 2021. The company had posted a net profit of Rs 55.58 crore during the April-June quarter of the previous financial year 2020-21, Godfrey Phillips India said in a regulatory filing. Its revenue from operations in April-June 2021 jumped 59 per cent to Rs 735.49 crore, against Rs 462.57 crore in the year-ago period. Total expenses stood at Rs 630.90 crore, a rise of 43.11 per cent as against Rs 440.85 crore a year ago.