Godfrey Phillips files Rs 344.49 Cr insurance claim for fire at third-party tobacco plant
GODFRYPHLP · price
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Godfrey Phillips India has filed an insurance claim of Rs 344.49 Crore with the insurer for losses from a fire at a third-party tobacco processing plant and warehouse in Prakasam, Andhra Pradesh, where it processes and stores tobacco leaf inventory. The fire incident occurred in October 2025. The company clarified the actual damage is expected to be within the claim amount. Importantly, the fire did not impact production at the company's own manufacturing facilities, and the incident is not expected to have any material impact on the company's financials.
Minimal financial impact expected as fire was at a third-party facility; Rs 344.49 Cr insurance claim filed for inventory loss recovery.