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Godfrey Phillips to exit retail business division 24Seven , stock up

The exit will be subject to completion of the necessary formalities, Godfrey Philips has said

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24Seven near me: Godfrey Phillips to exit retail business division 24Seven

Tobacco manufacturer Godfrey Phillips India Ltd has decided to exit its retail business division, 24Seven, after a negative net worth as of March 31, 2023, following losses. The decision was made after a thorough review of the division, considering stakeholders feedback, long-term performance, market conditions, and long-term business strategy.

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Godfrey Phillips to sell 24Seven business, to exit from retail sector

India Business News: NEW DELHI: Cigarette maker Godfrey Phillips India on Friday said it has decided to exit from its loss-making retail business 24Seven.

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Godfrey Phillips to exit from its retail business division 24Seven - Industry News

Godfrey Phillips to exit from its retail business division 24Seven - Industry News
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Godfrey Phillips Leaving 24Seven Retail Behind

According to Godfrey Phillips' FY23 annual report, 24Seven's gross sales increased by 19% year over year to ₹482 crore in FY23.

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