Godfrey Phillips India Limited, a flagship company of Modi Enterprises – KK Modi Group, is one of the largest FMCG companies in India. GPI’s commitment to quality is unwavering.
Along with a strong primary portfolio, GPI also have a strong confectionery portfolio with Funda and have unique offerings for international markets. These are a testament to relentless pursuit of excellence and passion for innovation.
GPI’S Guldhar plant in Ghaziabad, Uttar Pradesh has been proving its consistent track record in performance excellence with multiple accolades to its name. Year on year, for over a decade, Rabale and Guldhar plants have been receiving the highest in category WINNER award in the areas of Environment Management, Health and Safety, etc. from Greentech Foundation.
Godfrey Phillips India’s Rabale factory in Maharashtra has also been recognized for its remarkable environmental practices by the Greentech Foundation and by a cross section of reputed stakeholders, including the Vasundhara Awards by the Government of Maharashtra, INSSAN, IRIM for Manufacturing Competitiveness. Rabale unit has bagged the Greentech ‘Quality and Innovation’ Award for two successive years.
Godfrey Phillips seeks RBI nod on bonus issue to non-resident shareholders
Godfrey Phillips India Ltd on Friday announced that its board of directors has discussed issuing bonus shares.
However, the company has decided to seek clarification and approval from the Reserve Bank of India (RBI) before proceeding with the issuance, particularly for non-resident shareholders, including those under Foreign Direct Investment (FDI) and Foreign Portfolio Investment (FPI).
Given the company’s involvement in manufacturing cigarettes and other tobacco products, where FDI is currently prohibited, the board recognised the need for regulatory clearance.
The decision to issue bonus shares will be revisited once the necessary approvals from the RBI are obtained. Godfrey Phillips India said a subsequent board meeting will be convened to finalise and implement the issuance of bonus shares.
“In view of the above, the board decided that on receipt of the necessary clarification/approval from RBI, a board meeting will be subsequently convened to approve the issuance of Bonus Shares and undertake necessary steps to implement the decision thereafter,” it said.
The company’s revenue from operations increased 12% to ₹1,158.2 crore compared to ₹1,034.1 crore in the corresponding period of the preceding fiscal.
At the operating level, EBITDA was up 3.5% to ₹248.3 crore in the first quarter of this fiscal over ₹239.8 crore in the year-ago period. The EBITDA margin stood at 21.4% in the reporting quarter compared to 23.2% in the corresponding period in the previous fiscal.