Godfrey Phillips India Reports 37.7% Quarterly Profit Decline
Godfrey Phillips reported net profit of 1.9 billion rupees for the July–September quarter, as cigarette tax hikes imposed earlier this year continued to hurt results.
Godfrey Phillips India NSE:GODFRYPHLP on Thursday reported a 37.7% decline in quarterly profit, as steep cigarette tax hikes imposed earlier this year continued to hurt the tobacco maker.The company reported a net profit of 1.9 billion rupees ($20.10 million) for the July-September quarter, compare…