Godfrey Phillips blows cold
By
Research Desk
about 10 years ago
Godfrey Phillips India, which is the official maker and marketer for Marlboro and other own brands like Four Square, Red & White and Cavanders is not exactly smoking a good pipe today.
The stock price has tumbled down into the red, down 4.5% at Rs.1385 levels with an intra day low at Rs.1350. The market has given a clear thumbs down to its Q1FY17 performance with its net profit declining 62% (YoY) at Rs.22 crore on a 12% drop in total income at Rs.941 crore.
EBITDA for the quarter slipped down by a huge 60% at Rs.42 crore with margins more than halving from 9.7% to 4.4%.