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Godfrey Phillips India marks robust Q1 FY24 performance with a people-first philosophy
Mumbai: Godfrey Phillips India Ltd., a prominent player in the Indian FMCG industry, has announced its financial results for the first quarter of the fiscal year 2023-24 (FY24). The company’s exceptional growth and resilience have propelled it to achieve significant milestones.
During the Q1 of FY24, Godfrey Phillips India experienced an impressive surge in consolidated revenue from operations, rising by 26.84 per cent to reach Rs 1,245.39 crore, as compared to Rs 981.83 crore in the corresponding period of the previous year. The Company also recorded a consolidated net profit of Rs 254.44 crore as against Rs 142.29 crore during the corresponding period of the previous year, an increase of 78.82 per cent, as reported in its regulatory filing. The Company demonstrated strong cigarette domestic volume growth and unmanufactured tobacco export growth in Q1 of FY24.
Addressing this remarkable achievement, Godfrey Phillips India chairperson & managing director Bina Modi stated, “We are delighted to announce our Q1 FY24 financial results, which reflect our continuing growth momentum from the previous year to this quarter. This remarkable success is a testament to the dedication and hard work of the OneGPI family – our exceptional team. I firmly believe that a company grows when its people grow. Hence, we continuously promote a culture of performance, invest in capability building, and prioritize the holistic well-being of our employees. Our consistent certification as a Great Place To Work for five consecutive years underscores our unwavering commitment to our People-First philosophy.”
Godfrey Phillips India whole-time director & functional CEO Sharad Aggarwal commented on the company’s future plans, stating, “We are committed to delivering the best results for all our stakeholders. Our top-line growth was supported by a significant increase in exports of unmanufactured tobacco during the current quarter. As we move forward, we plan to expand our business footprint while maintaining a sharp focus on sustainable growth and profitability. On people front, we are infusing young talent in the leadership team, who are being mentored by their predecessor. This way we are getting the right balance of fresh perspective and wisdom of experience.”
With an optimistic outlook, Godfrey Phillips India remains steadfast in its commitment to delivering sustainable growth, creating optimal stakeholder value, and achieving excellence across all its operations.
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Samsung India elevates Aditya Babbar to lead mobile business
Exec takes charge of MX sales and marketing after Raju Pullan’s exit
NEW DELHI: Samsung India has elevated Aditya Babbar to lead its mobile phone business, following the exit of Raju Antony Pullan.
Babbar, who previously served as vice president within the mobile division, has been appointed head of sales and marketing for the MX (mobile experience) business, effective May 1. In his new role, he will oversee the company’s sales and marketing operations for smartphones and related categories in India, reporting to the executive vice president of the MX business.
A long-time Samsung executive, Babbar brings over a decade of experience within the organisation, having held multiple leadership roles across product, marketing and category management. Most recently, he led product marketing and e-commerce for the mobile division, following earlier stints as head of product and marketing and senior director roles.
His career within Samsung Electronics and its India operations has also included responsibilities for flagship devices, tablets and wearables, giving him a broad view of the company’s premium and mass-market portfolio.
Babbar succeeds Pullan, who stepped down from the role, marking a leadership transition at a time when India remains a key battleground for global smartphone makers.
The appointment signals continuity within Samsung’s leadership bench, with an internal candidate stepping up to steer one of its most critical business units in a highly competitive market.
