Delhi, March 5 ,2020: The Board of Directors, Godfrey Phillips India declared an Interim Dividend at Rs 24 per share i.e. 1200% on 5,19,93,920 equity shares (face value of Rs. 2/- per share) for the financial year 2019-20. “Record Date” for the payment of interim dividend has been fixed on 18th March, 2020.
The Company has been performing well and earlier had reported encouraging results for the third quarter for FY2019-20. The net profit for nine months ended on 31st December, 2019 has gone up to INR 340 Crores from Rs 206 crores for the corresponding period last year.
The Company’s President & Managing Director, Dr. Bina Modi, remarked on the decision. “We are committed to enhancing shareholder value consistently in the medium and long term. Continuing with Mr KK Modi’s legacy, we are highly invested in our employees as well as customers. Our Company will also strive to deliver profitable and sustainable growth in the coming years.”
CEO, Mr. Bhisham Wadhera said, “The Company continues to perform well across all growth levers of volume, value and profitability, both in domestic and international business arena. Our market share gain has been driven by stellar performance by new product launches and entry into new geographies. We are making all efforts to maintain this growth path into the next financial year also.”
About Godfrey Phillips India:
Godfrey Phillips India, a flagship company of Modi Enterprises, is one of the largest FMCG companies in the country with iconic brands like Four Square, Red & White, and Cavanders to its name. The Company also has an exclusive sourcing and supply arrangement with Philip Morris International to manufacture and distribute Marlboro brand in India.
With a turnover of Rs 6200 cr FY2018-19, Godfrey Phillips India has expanded its product portfolio to chewing products, mouth freshener, confectionery and retail with renowned brands like Pan Vilas, Funda Goli and Twenty Four Seven. Its International Business Division successfully exports and markets its own brands and cut tobacco, along with product support, professional expertise and tailor-made services to leading global companies in the industry Company’s strength lies in its state-of-the-art manufacturing facilities, process driven mindset and extensive pan India distribution network comprising of over 800 exclusive distributors, a 6000-plus strong secondary sales team, and 800,000 retail outlets. At Godfrey Phillips India, envisioning a mutually beneficial coexistence is an integral part of all growth activities. The CSR programs of Godfrey Phillips India focus on creating sustainable development and livelihood for communities not only linked to the tobacco industry, but also in the areas the business exists and operates in. The award winning program for the marginalized workers & farmers aims at improving earning capacity, working and living conditions. For more information please log on to www.godfreyphillips.com
