Godfrey Phillips India’s People-First Approach Drives Impressive Q3 FY24 and Nine Months Ended Dec-23 Performance with Robust Revenue Growth

Godfrey Phillips India Limited, a key participant within the Indian FMCG business, is happy to declare its monetary efficiency for the third quarter of the fiscal 12 months 2023-24 (FY24). The firm’s outstanding development and steadfast resilience have led to the attainment of noteworthy milestones.

Dr Bina Modi, Chairperson, and Managing Director of Godfrey Phillips India and Sharad Aggarwal, CEO, and Whole Time Director of Godfrey Phillips India

During the Q3 FY 2024 (Consolidated), Godfrey Phillips India skilled a formidable surge in income from operations, rising by 33.8% to succeed in Rs. 1488 crore, as in comparison with Rs. 1112 crore within the corresponding interval of the earlier 12 months. The firm additionally recorded a web revenue of Rs. 212 crore throughout the Q3 FY 2024 (Consolidated) as in comparison with Rs. 199 crore within the corresponding interval of the earlier fiscal, as reported in a regulatory submitting.

Addressing this outstanding achievement, Dr Bina Modi, Chairperson, and Managing Director of Godfrey Phillips India, said, “We are thrilled to share the monetary outcomes for Q3 FY2024, showcasing the sustained development momentum from the previous 12 months to this quarter. I’m steadfast in my perception that an organization prospers when its individuals flourish. Consequently, we persistently foster a tradition of excessive efficiency, make important investments in capability constructing, and prioritize the general well-being of our staff. The constant recognition as a Great Place To Work for 5 consecutive years solidifies our steadfast dedication to our People-First philosophy.”

During April to December’23 interval, Godfrey Phillips India reported consolidated income from operations of Rs. 4107 Crores and Net Profit of Rs. 669 Crores, representing a formidable improve of 25.0% and 23.2% respectively when in comparison with Rs. 3285 crore and Rs. 543 crore respectively within the corresponding interval of the earlier 12 months.

Sharad Aggarwal, CEO, and Whole Time Director of Godfrey Phillips India commented on the corporate’s future plans, mentioned, “We are devoted to making sure optimum outcomes for all our stakeholders. Our development in income from home enterprise was moreover bolstered by a considerable surge in exports of unmanufactured tobacco, reaching Rs. 1107 Crores throughout April to December’23 interval which signifies a formidable development of 68.4% in comparison with the corresponding determine in earlier 12 months. Looking forward, we intention to broaden our enterprise horizons by prioritizing sustainable development and profitability.”

Maintaining a optimistic perspective, Godfrey Phillips India stays unwavering in its dedication to not solely ship sustainable development but additionally to create substantial worth and obtain excellence throughout all aspects of its operations. This dedication underscores the corporate’s enduring concentrate on long-term success and its proactive method to addressing challenges whereas seizing alternatives within the ever-evolving enterprise panorama.

About Godfrey Philips India

Godfrey Phillips India Limited (GPI), the flagship firm of Modi Enterprises – KK Modi Group, is among the largest FMCG corporations in India and is counted amongst India’s Fortune 500 organizations.