External broker reports(aggregated public sources), HDFC Securities

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Equity Bottom-Up

Godfrey Phillips India / Equity Bottom-Up

<ul><li>Godfrey Phillips India’s (GPI) cigarette volumes have been growing at a scorching rate</li><li>The main reason behind its success is the performance of the Marlboro brand (40-45% of overall volumes)</li><li>However, GPI is a contract manufacturer and distributor for the Marlboro range of products, with the majority of the profit surge being captured in the joint venture, IPM India Wholesale Trading Ltd</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Godfrey Phillips India’s (GPI) cigarette volumes have been growing at a scorching rateThe main reason behind its success is the performance of the Marlboro brand (40-45% of overall volumes)However, GPI is a contract manufacturer and distributor for the Marlboro range of products, with the majority of the profit surge being captured in the joint venture, IPM India Wholesale Trading LtdContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Godfrey Phillips India: Marlboro Magic. NOT RATED

India

Godfrey Phillips India is a prominent fast-moving consumer goods (FMCG) company specializing in the manufacturing and distribution of cigarettes, tobacco products, and confectionery. The company also manufactures and distributes Marlboro cigarettes in India under a license agreement with Philip Morris International. It is headquartered in New Delhi, India, and was founded in 1936.

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Godfrey Phillips India (GP IN)

Godfrey Phillips India: Marlboro Magic. NOT RATED

Godfrey Phillips India’s (GPI) cigarette volumes have been growing at a scorching rate. The main reason behind its success is the performance of...

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