2200 per cent dividend announced: do you have this stock in your portfolio?

The shares of the company grew by more than 50 per cent in the last year.

On May 27, 2023, Godfrey Phillips India Limited announced its quarterly and annual results for the year ended March 31, 2023. The revenue of the company for Q4FY23, stood at Rs 14.34 crore which grew by 14.34 per cent YoY. The operating profit of the company stood at Rs 196.10, growing 4.04 per cent YoY while the PAT of the company grew by 6.41 per cent YoY staying at Rs 110.54 crore.  

The board of the company recommended a dividend of Rs 44.00 per equity share with a face value of Rs 2.00 each, for the financial year ended March 31, 2023. The dividend, if declared at the AGM, will be paid within 30 days from the date of declaration.   

Godfrey Phillips India is one of the largest FMCG companies in the country with many iconic cigarette brands like Four Square, Red & White, and Cavanders to its name. It also has an exclusive sourcing and supply agreement with Philip Morris International to manufacture and distribute the renowned Marlboro brand in India. 

On Friday, the stock of Godfrey Phillips India Limited opened at Rs 1780.80, with a high and low of Rs 1819.05 and Rs 1764.05, respectively. The stock closed trading at Rs 1812.85, up by 2.01 per cent. The stock has a 52-week high of Rs 2,149.35 and a 52-week low of Rs 1,015.45.