BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Centrum Broking Report
Owing to receding Covid impact, despite stretched consumer spends, Godfrey Phillips India Ltd. saw sequential recovery in Q1 FY23.
Revenue/Ebitda/profit after tax grew 36.4%/43.7%/26.0%. Gross revenue for tobacco segment grew 34.3%, backed by 37.5% cigarette volume growth, whereas non‐tobacco including 24seven convenience stores grew by 34.5% YoY.
Godfrey Phillips' management said, strong domestic cigarette volumes along with a better product mix aided revenues growth. Moreover, Marlboro portfolio grew up 60%.
Further, the top‐line was also fuelled by increase in unmanufactured tobacco and cigarettes exports (international business) contributing Rs 1.9 billion with up 22% growth.
Gross margin declined by 250 basis points to 51.6%, with higher advertising and promotion cost (up 76.2%) followed by other expenses (up 26.5%).
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.