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EquityWireEarnings Review: Godfrey Phillips Q4 PAT up sharply, sales growth modest
Earnings Review

Godfrey Phillips Q4 PAT up sharply, sales growth modest

This story was originally published at 19:38 IST on 15 May 2026
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Informist, Friday, May 15, 2026

 

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--Godfrey Phillips Jan-Mar net profit INR 4.84 bln 
--Godfrey Phillips Jan-Mar revenue INR 34.91 bln 
--Godfrey Phillips Jan-Mar net profit INR 4.84 bln vs INR 2.41 bln year ago 
--Godfrey Phillips Jan-Mar revenue INR 34.91 bln vs INR 18.87 bln year ago 
--Godfrey Phillips to pay INR 33 per share final dividend 
--Godfrey Phillips FY26 net profit INR 15.07 bln vs INR 10.43 bln year ago 
--Godfrey Phillips FY26 revenue INR 91.19 bln vs INR 67.58 bln year ago 

 

Prateem Rohanekar

 

MUMBAI – Godfrey Phillips India Ltd. posted a sharp year-on-year rise in its net profit for the March quarter, primarily due to an on-year fall in its expenses. The company's year-on-year revenue growth also aided its net profit growth. This is the highest on-year net profit growth posted by the company in seven quarters.

 

Godfrey Phillips' net profit for the March quarter doubled on-year to INR 4.84 billion. However, the company's total revenues for the reporting quarter, including excise duty, was INR 34.91 billion. However, the revenue from operations, excluding excise duty, grew a modest 14% to INR 17.93 billion. The company's total expenses, excluding excise duty, for the reporting quarter were INR 12.56 billion, down 6.8% on year.

 

Godfrey Phillips reported a reversal of INR 3.24 billion in changes in inventories of finished goods, stock-in-trade, and work-in-progress for the March quarter. The company had reported a reversal of INR 328 million in inventories for the year-ago quarter.  

 

The company's largest expense was INR 16.98 billion in excise duty paid by it during the reporting quarter. This was nearly 58% of the total expenses by the company during the quarter. From February 2026, cigarettes and tobacco products were taxed under the 40% goods and services tax slab and also attracted additional excise duty. Prior to this, cigarettes and tobacco products attracted 28% GST and a compensation cess.

 

Cigarette, tobacco and related products segment revenue for Godfrey Phillips, including taxes, during the March quarter was INR 34.62 billion, more than double the INR 18.66 billion in the year-ago quarter. This is nearly 99.16% of the total revenue from operations of the company. The company's gross profit from the segment for the reporting quarter was INR 5.52 billion, up nearly 124% on year. 

 

Godfrey Phillips reported net profit of INR 15.07 billion for the financial year 2025-26 (Apr-Mar), up 34% on year. The company reported revenue of INR 91.19 billion inclusive of taxes during FY26, up 35% on year. The company will pay a dividend of INR 33 per share. 

 

Friday, shares of Godfrey Phillips closed 1.4% lower at INR 2,424.90 on the National Stock Exchange. End

 

Edited by Tanima Banerjee

 

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