Godfrey Phillips India Restricted, a distinguished participant within the Indian FMCG business, proudly proclaims its monetary outcomes for the primary quarter of the fiscal 12 months 2023-24 (FY24). The corporate’s distinctive development and resilience have propelled it to attain vital milestones.
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Dr. Bina Modi, Chairperson and Managing Director of Godfrey Phillips India
Throughout 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 Firm additionally recorded a consolidated internet revenue of Rs. 254.44 crore as in opposition to Rs. 142.29 crore in the course of the corresponding interval of the earlier 12 months, a rise of 78.82%, as reported in its regulatory submitting. The Firm 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, acknowledged, “We’re delighted to announce our Q1 FY24 monetary outcomes, which replicate our persevering with development momentum from the earlier 12 months to this quarter. This exceptional success is a testomony to the dedication and onerous work of the OneGPI household – our distinctive group. I firmly consider that an organization grows when its folks develop. Therefore, we constantly promote a tradition of efficiency, put money into functionality constructing, and prioritize the holistic well-being of our staff. Our constant certification as a Nice Place To Work for 5 consecutive years underscores our unwavering dedication to our Folks-First philosophy.”
Sharad Aggarwal, the Practical CEO and Complete-time Director of Godfrey Phillips India commented on the Firm’s future plans, stating, “We’re dedicated to delivering the most effective outcomes for all our stakeholders. Our top-line development was supported by a big improve in exports of unmanufactured tobacco in the course of the present quarter. As we transfer ahead, we plan to broaden our enterprise footprint whereas sustaining a pointy give attention to sustainable development and profitability. On folks entrance, we’re infusing younger expertise within the management group, who’re being mentored by their predecessor. This manner we’re getting the correct 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.
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