<p>Cigarette maker Godfrey Phillips India on Saturday reported a 53.56 per cent decline in its consolidated net profit to Rs 55.09 crore for the first quarter ended June 30.</p>.<p>The company had a net profit of Rs 118.63 crore in the same quarter a year ago.</p>.<p>Godfrey Phillips' total income from operations during the April-June quarter stood at Rs 503.60 crore, down 41.33 per cent, compared with Rs 858.49 crore in the same period last fiscal, the company said in a BSE filing.</p>.<p>During the quarter under review, overall expenses stood at Rs 440.85 crore, a decline of 35.55 per cent, against Rs 681.75 crore in the corresponding period last fiscal.</p>.<p>Godfrey Phillips manufactures cigarette brands, including Four Square, Red and White, Cavanders, Tipper and North Pole. It also manufactures and distributes Marlboro under a license agreement with Philip Morris. </p>
<p>Cigarette maker Godfrey Phillips India on Saturday reported a 53.56 per cent decline in its consolidated net profit to Rs 55.09 crore for the first quarter ended June 30.</p>.<p>The company had a net profit of Rs 118.63 crore in the same quarter a year ago.</p>.<p>Godfrey Phillips' total income from operations during the April-June quarter stood at Rs 503.60 crore, down 41.33 per cent, compared with Rs 858.49 crore in the same period last fiscal, the company said in a BSE filing.</p>.<p>During the quarter under review, overall expenses stood at Rs 440.85 crore, a decline of 35.55 per cent, against Rs 681.75 crore in the corresponding period last fiscal.</p>.<p>Godfrey Phillips manufactures cigarette brands, including Four Square, Red and White, Cavanders, Tipper and North Pole. It also manufactures and distributes Marlboro under a license agreement with Philip Morris. </p>