Godfrey Phillips India (500163) Q4 02/03 earnings summary

Executive summary

• Sales turnover rose 14% to ₹1,077 crore; cigarette volume increased 19.64% to 10,593 million cigarettes.document-source17

• Operating profit before tax and exceptional item reached a record ₹79.60 crore, up from ₹71.84 crore, despite intense competition and weak industry growth.document-source11

• Domestic cigarette market share exceeded 11%; growth was reported at three times the industry rate.document-source516

Financial highlights

• Net profit fell to ₹37.91 crore from ₹47.80 crore after a ₹22.70 crore exceptional provision for Assam advances.document-source1747

• EPS was ₹36.45 versus ₹45.96; proposed dividend was ₹17 per share versus ₹18.50.document-source3217

• Export value rose to ₹52.47 crore from ₹10.99 crore; cigarette exports increased to ₹19.2 crore from ₹2.4 crore.document-source17

Outlook and guidance

• Strategic priorities include global competitiveness, higher exports, manufacturing upgrades, and continued investment in brands and distribution.document-source1116

• Cigarette exports reached ₹11 crore in the first four months of FY 2003-04.document-source17

• Tea out-of-home beverages were identified as a growth opportunity, with test marketing planned during FY 2003-04.document-source16