Mid cap FMCG stock declares a whopping dividend of 2200%, FIIs and mutual funds stake up in Q4: Do you own?
2 min read 29 May 2023, 06:47 PM ISTGodfrey Phillips India is a mid-cap FMCG company that recorded a market cap of ₹9,187.33 Cr during Monday's closing session.
PremiumGodfrey Phillips India is a mid-cap FMCG company that recorded a market cap of ₹9,187.33 Cr during Monday's closing session. One of the major FMCG firms in the nation, Godfrey Phillips India, is known for its numerous well-known cigarette brands, including Four Square, Red & White, and Cavanders. In addition to marketing cigarettes and tobacco, it also competes in the retail and confectionery industries.
The Board of Directors have recommended “Final Dividend of 2200% i.e. Rs. 44 per equity Share of Rs. 2/- each for the financial year ended March 31, 2023, subject to the approval of the Shareholders at the ensuing Annual General Meeting of the Company ("AGM"). The dividend declared in the AGM will be paid within 30 days from the date of declaration, the date of payment of dividend shall be intimated in due course of time," said Godfrey Phillips India in a stock exchange filing.
Godfrey Phillips India reported a growth in its consolidated net profit of 6.41 percent to ₹110.54 crore for the quarter ended March 2023 compared to a net profit of ₹103.88 crore for the same period the previous fiscal year. During the quarter under review, its revenue from operations increased 14.33% to ₹968.40 crore from ₹846.95 crore during the same period the year prior. Total expenses for Godfrey Phillips were ₹869.01 crore in Q4FY23, which is a rise of 17.8% year on year from ₹737.72 crore in Q4FY22.
According to the corporation, revenues from cigarettes, tobacco, and related products brought in ₹874.15 crore, while revenues from retail and related products brought in ₹100.98 crore as opposed to ₹83.52 crore in the fourth quarter of the previous fiscal year. Godfrey Phillips India's net profit for the fiscal year that ended in March 2023 climbed 38.52% to ₹606.82 crore from ₹438.06 crore the prior year. Its revenue from operations in 12MFY23 was ₹4,227.77 crore, up 32.4% from ₹3,193.38 crore in 12MFY22.
The shares of Godfrey Phillips India closed today on the BSE at ₹1767 apiece down by 2.53% from the previous close of ₹1812.85. The stock touched a 52-week-high of ₹2,149.35 on (09/01/2023) and a 52-week-low of ₹1,015.45 on (22/06/2022).
During Q4FY23, the company recorded promoters shareholding of 72.58%, FIIs stake of 10.05%, DIIs stake of 1.62%, Govt stake of 0.05% and public stake of 15.69%. As per the data of Trendlyne, promoters holding of Godfrey Phillips was flat at 72.58% in March 2023 quarter, FII/FPI stake grew from 9.89% in December 2022 quarter to 10.05% in March 2023 quarter, number of FII/FPI investors climbed from 138 to 148, mutual funds stake climbed from 1.53% to 1.54% and institutional investors raised their holdings from 11.55% in Q3FY23 to 11.72% in Q4FY23.
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