The consolidated income of the company during April-June increased to Rs 858.49 crore, from Rs 612.56 crore.
Philip Morris has for years paid manufacturing costs to Godfrey Phillips to make its Marlboro cigarettes, circumventing a nine-year-old government ban on FDI.
New Delhi: Cigarette maker Godfrey Phillips India on Saturday reported a two-fold increase in consolidated profit at Rs 118.42 crore for the quarter ended June 30, 2019.
The company had posted a consolidated profit of Rs 57.31 crore in the year-ago period, Godfrey Phillips India Ltd said in a filing to BSE.
The consolidated income of the company during April-June increased to Rs 858.49 crore, from Rs 612.56 crore in the year-ago quarter.
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