Why did Godfrey Philips report such a sharp fall in profits in Jun-20 quarter?
Answer
Answer
Godfrey Phillips India reported a 53.56% fall in net profits at Rs.55 crore for the Jun-20 quarter. Its total income from operations for the quarter was also down by 41.3% at Rs.503.60 crore as the lockdown and the lag demand effect took its toll.