Godfrey Phillips shares slip 5% on 24Seven retail business sale report

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Godfrey Phillips shares slip 5% on 24Seven retail business sale report - Business Standard

Quick Summary:

The fall in Godfrey Phillips shares price came after media reports indicated that the company has finalised the sale of its retail business 24Seven.

As of Q1FY25, the company's tobacco business dominated its operations, accounting for 93 per cent of its revenue compared to 84 per cent in FY20.

However, its revenue from operations rose 15.7 per cent year-on-year (Y-o-Y) to Rs 1,440.8 crore in the June quarter of FY25, from Rs 1,245.4 crore in the June quarter of FY24.