Economic··Severity 5
Godfrey Phillips shares fall 6% as Q1 net profit declines over 44% amid tax-led price increase
Godfrey Phillips reported a 44.3% year-on-year decline in June-quarter net profit as higher excise duty weighed on earnings, even as gross revenue and total income more than doubled. The cigarette maker said domestic cigarette volumes remained resilient despite a tax-led price increase, while highlighting concerns over the rise in illicit trade.
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18%Эскалация
Сценарии event-driven intelligence: Godfrey Phillips shares
Primary source: Economic Times
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