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Centrum Broking Report
Owing to challenging market conditions and receding Covid impact Godfrey Phillips Ltd. saw sequential recovery; Q4 FY22 revenue/EBITDA/PAT grew 3.6%/6.9%/8.9.
Gross revenue for tobacco segment grew 2.8%, backed by 12.8% growth in cigarette volumes.
Though non-tobacco including TFS remained flat year-on-year, yet International business including unmanufactured tobacco grew 4-5%. Management said, Omicron disruptions led weak Jan, but Feb/Mar saw strong recovery in key markets in Gujarat/Maharashtra and J & K.
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