Cigarette Maker Godfrey Phillips India Sees 21% Revenue Growth, Declares Rs 56 Dividend Per Share

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posted on 5 months ago — updated on 1 second ago

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Revenue from retail and related products of Godfrey Phillips Limited stood at Rs 101.42 crore compared to Rs 100.98 crore a year ago.

Cigarette maker Godfrey Phillips India Limited has announced its quarterly results. In the fourth quarter of FY 2024, the company reported an increase of 46.25 per cent in its consolidated net profit to Rs 215.12 crore. The company filed a net profit of Rs 147.09 crore in the same quarter last year. Revenue for the period has also increased by 21 per cent to Rs 965 crore. The owner of the convenience store 24Seven reported a revenue of Rs 796.1 crore last year in the same period. After posting the quarter 4 results, the company announced a dividend of Rs 56 per share to the shareholders. It is the highest dividend given by this company so far.

Earlier, the company had given a maximum dividend of Rs 44 per share. This dividend was given in August last year. In 2022, the company gave a dividend of Rs 28 per share. Similarly, in 2012, 2013 and 2014, the company had given a dividend of Rs 40 per share.

Revenue from retail and related products stood at Rs 101.42 crore as compared to Rs 100.98 crore a year ago. Four Square, Red & White, Cavender’s, Stellar and Focus are the major cigarette brands. Total income of Godfrey Phillips India was up 24.06 per cent to Rs 1,263.50 crore in the March quarter.

Godfrey Phillips India Limited is a multi-bagger stock for investors. In one year, this stock has given a return of 116 per cent. In the last month, the price of this stock has jumped by 12.79 per cent. In three years, this multi-bagger stock has given a return of 320.41 per cent. The stock of Godfrey Phillips India is currently trading at Rs 3,772.95 at NSE. The 52-week high of this stock is Rs 4288 and the 52-week low is Rs 1620.

As per the CNBC report, Godfrey Phillips shares surged as much as 4 per cent after the announcement of earnings and dividends. As of May 29, the promoters hold 72.6 per cent of the shares whereas Foreign Institutional Investors hold a 10.1 per cent stake in the company. Domestic Institutional Investors hold 1.6 per cent. Public holdings constitute a 15.7 per cent stake in the company.