Makes and sells cigarettes and related tobacco products in India and overseas, with cigarettes and tobacco accounting for 98.8% of segment revenue at Rs 9,008.2 crore in FY26 and the rest falling under an 'Others' bucket at Rs 112.74 crore. A February 2026 revision in the cigarette excise duty tax structure pushed the standalone excise duty line to Rs 2,614 crore in Q1 FY27 from Rs 327 crore a year earlier, compressing standalone gross margin to 7.8% from 15.3% and net profit down 51% despite revenue more than doubling to Rs 3,815 crore — the revenue jump is therefore not directly comparable. The cost mix is dominated by other operating expenses (38.8% of revenue) and direct materials (20.7%, mainly tobacco leaf), with employee cost at 5.0% and depreciation at 1.3%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Cigarettes, Tobacco and related Products (99%), Others (1%). Regulated, excise-heavy FMCG tobacco business concentrated in a single product category
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 3,229 | 4,260 | 5,305 | 6,767 | 9,121 |
| EBITDA (ex other income) | 633 | 804 | 892 | 1,177 | 1,585 |
| margin % | 19.6 | 18.9 | 16.8 | 17.4 | 17.4 |
| Owners' profit | 438 | 690 | 883 | 1,072 | 1,526 |
| EPS, as reported (₹) | 84.25 | 132.80 | 169.87 | 206.81 | 97.84 |
| ROE % · ROCE % | 14.9 · 18.4 | 19.4 · 20.8 | 20.9 · 20.7 | 20.4 · 23.0 | 24.5 · 25.7 |
| Debt / equity (x) | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 |
| Cash from operations | 479 | 736 | 290 | 107 | 518 |
| Capex | (83) | (87) | (100) | (168) | (312) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,651 | 1,896 | 1,888 | 1,813 | 1,632 | 2,190 | 3,486 | 3,820 |
| Profit before tax | 287 | 375 | 302 | 383 | 319 | 391 | 563 | 223 |
| Net profit | 248 | 316 | 280 | 356 | 305 | 343 | 521 | 198 |
| EPS (₹) | 47.92 | 60.95 | 53.88 | 68.53 | 19.56 | 22.01 | 33.43 | 12.72 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Cigarettes, Tobacco and related Products | 9,008 | 98.8 |
| Others | 81 | 0.9 |
| Other | 32 | 0.3 |
| Total, before eliminations | 9,121 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| GODFREY PHILLIPS INDIA LT ◆ | 30,061 | 22.0 | 4.83 | 16.9 | 24.5 | 25.5 | 25.2 | 6.8 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · Special window for transfer and demat of physical shares | compliance | minimal | — | — |
| 25 Aug 2026 · AGM voting results: All 5 resolutions passed with strong majority | board shareholder meetings | low | — | — |
| 24 Aug 2026 · 89th AGM held; FY26 net profit up 32% to Rs 1,525 cr; total dividend Rs 50 per share | board shareholder meetings | medium | — | — |
| 22 Aug 2026 · Loss of share certificates reported by shareholders | compliance | minimal | — | — |
| 7 Aug 2026 · Newspaper notice about two shareholders reporting lost share certificates | compliance | minimal | — | — |
| 1 Aug 2026 · Godfrey Phillips announces 89th AGM on 24 Aug; final dividend of Rs 33 per share | compliance | minimal | — | — |
| 31 Jul 2026 · Annual Report FY 2025-26 and 89th AGM Notice Sent to Shareholders | compliance | minimal | — | — |
| 31 Jul 2026 · Godfrey Phillips submits BRSR for FY26 with reasonable assurance | compliance | low | — | — |
| 31 Jul 2026 · Godfrey Phillips India FY26 Annual Report: PAT up 44% to Rs 1,507 cr | compliance | medium | — | — |
| 31 Jul 2026 · 89th AGM on 24 Aug 2026; final dividend of Rs 33 per share proposed | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| VST INDUSTRIES LTD | 3,469 | 12.4 | 2.40 | — | 20.2 | 26.5 | — | 8.1 |
| ELITECON INTERNATIONAL L | 1,309 | 1.8 | 2.47 | 18.3 | 39.2 | 36.1 | — | 8.1 |
| N T C INDUSTRIES LTD. | 198 | 9.6 | 0.94 | 8.1 | 9.3 | 8.8 | 30.5 | 28.7 |
| SINNAR BIDI UDYOG LTD. | 28 | 37.0 | 6.48 | — | (3.1) | (1.8) | (0.6) | (29.7) |
| RAGHUNATH INTERNATIONAL LTD. | 5 | 5.5 | 0.30 | 3.8 | 6.1 | 7.5 | (10.8) | — |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 22.0 | 16.3 | 189 of 316 | 40% |
| P/B | 4.8 | 1.8 | 222 of 280 | 21% |
| ROCE | 25.5 | 7.5 | 30 of 335 | 91% |
| ROE | 24.5 | 7.3 | 30 of 294 | 90% |
| Debt / Equity | 0.0 | 0.3 | 71 of 294 | 76% |
| EBITDA margin | 6.8 | 8.3 | 156 of 272 | 43% |
| Revenue growth | 110.7 | 9.8 | 22 of 273 | 92% |
| Profit growth | (44.3) | 12.9 | 209 of 276 | 24% |
| Market cap | 30061 | 156 | 16 of 340 | 96% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
