Tobacco maker reports lower earnings and operating profitability in the June quarter; fixes August 11 as record date for final dividend
Godfrey Phillips India reported a sharp decline in earnings for the quarter ended 30 June 2026, as weaker revenue and lower operating profitability impacted its financial performance. Consolidated net profit fell 44.3 per cent year-on-year to Rs 198 crore from Rs 356 crore in the corresponding quarter of the previous financial year.
Revenue from operations declined 19 per cent to Rs 1,206 crore, compared with Rs 1,486 crore in the year-ago period. The fall in revenue was accompanied by a steeper decline in operating earnings, reflecting pressure on the company’s core business during the quarter.
Margins Under Pressure
Consolidated earnings before interest, tax, depreciation and amortisation (Ebitda) dropped 46.2 per cent to Rs 182 crore from Rs 338 crore a year earlier. Consequently, the Ebitda margin narrowed to 15.1 per cent from 22.7 per cent in the corresponding quarter last year, indicating a significant contraction in operating profitability.
Separately, the company said its 89th Annual General Meeting (AGM) will be held on 24 August 2026 at 2.30 p.m. through video conferencing or other audio-visual means. It has fixed 11 August 2026 as the record date for determining shareholders eligible to receive the final dividend for FY26.
Stock Ends Higher
Godfrey Phillips India, the flagship company of Modi Enterprises, is among India’s leading tobacco manufacturers. Its cigarette portfolio includes brands such as Marlboro, Four Square, Red & White and Cavanders.
The results were declared after market hours on Monday. Shares of Godfrey Phillips India closed 3.80 per cent higher at Rs 2,210.50 apiece. The stock has gained 3.84 per cent over the past week but declined 1.42 per cent over the last month. On a year-to-date basis, the shares are down 3.28 per cent and have fallen 24.28 per cent over the past year.
