Godfrey Phillips’ promoter is not Nirav Modi. For understanding family dynamics, please go through the Godfrey thread.
If you look at volume nos of Jagran or DB Corp, you will realize that this business will be here for atleast the next 5-10 years. And because people do not want to look at these ideas, pricing is very attractive. As a result, my own IRRs in both have been in excess of 30%, despite all kinds of narratives against newspaper cos. I am happy taking these kinds of bets again and again.
No I meant the sales growth in years 2014 and 2018 (look at screenshot below).
