Godfrey Phillips India logo

Godfrey Phillips India share price

NSE: GODFRYPHLPBSE: 500163Cigarettes & Tobacco ProductsMid Cap

Godfrey Phillips India Limited · Face value ₹2 · Listed Mar 1968 on BSE, Jul 1996 on NSE
Last close ₹1,743.90up ₹29.50 (1.72%)BSE ₹1,741.00

Share price at the NSE close on 29 Oct 2026. Previous close ₹1,714.40.

29 Oct: open ₹1,724.30, high ₹1,758.50, low ₹1,711.10

52-week range of traded prices to 29 Oct 2026
₹1,641.20Low, 26 Oct 2026₹3,224.00High, 31 Oct 2025
Market cap
₹27,202 Cr249th largest listed
P/E
19.88
P/B
4.38
Dividend yield
2.87%
ROE
23.9%
ROCE
20.6%
Debt to equity
0.02
Volume, NSE
1,49,48032.2% delivered

Godfrey Phillips India share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

−44.8%over a year · Nifty FMCG −22.5% · Nifty 500 −8.4%

Results20-session average 1,85,316 shares a day, 36.0% delivered

About Godfrey Phillips India

Godfrey Phillips India Limited makes and sells cigarettes and other tobacco products, and buys, processes and trades tobacco leaf in India and abroad.12 It sells to wholesalers, retailers, distributors and importers, and exports cigarettes and cut filler (tobacco shredded for cigarette making) to manufacturers and traders abroad.2 It also sells candies and distributes packaged sweet foods made by Ferrero India.3

Its cigarette brands include Stellar, Cavanders and North Pole, and it makes and distributes Marlboro cigarettes in India under exclusive agreements with Philip Morris International.45 Its candy brands include Funda Goli and Funda Lemon Chaskaa.3 It was incorporated in 1936, and has its registered office in Mumbai and its corporate office in New Delhi.6 Its board decided on 12 Apr 2024 to exit the 24Seven retail business, which has since closed.7

The company is part of the KK Modi Group, and Bina Modi is its chairperson and managing director.89 It is an associate (a company in which an investor has significant influence) of K K Modi Investment & Financial Service Private Limited and of Philip Morris Global Brands Inc., USA.10

Godfrey Phillips India key points

Results

  • In the quarter to Jun 2026, consolidated gross sales value (sales including all indirect taxes) was ₹5,676 crore and net profit ₹198 crore; the company said profitability fell 44% from a year earlier after the tax increase in the quarter to Mar 2026.11
  • In the quarter to Jun 2026, consolidated gross profit was ₹444 crore, a gross profit margin of 7.8% of gross sales value; net sales excluding GST were ₹3,806 crore.1213
  • In the year to Mar 2026, consolidated gross sales value was ₹18,379 crore and net profit from continuing operations ₹1,525 crore.14
  • Consolidated revenue from operations, as filed, was ₹9,12,094 lakh in the year to Mar 2026.15

Business lines

  • Cigarettes. Domestic cigarette sales volume fell 2% in the quarter to Jun 2026 from a year earlier, as prices rose with the tax increase.16
  • Unmanufactured tobacco. Exports of unmanufactured tobacco (processed leaf not made into cigarettes) were ₹248 crore in the quarter to Jun 2026, 7% of net sales.17
  • Confectionery. In the year to Mar 2026, the confectionery division's operating profit rose 31%, its volume 26% and its gross sales value 15%.18
  • Ferrero distribution. Gross revenue from distributing Ferrero India's sweet packaged foods rose to ₹51 crore in the year to Mar 2026 from ₹22 crore a year earlier.19

Revenue mix

  • Standalone revenue from contracts with customers by product, including excise duty2021
    Itemyear to Mar 2026
    Cigarettes₹6,92,880 lakh
    Unmanufactured tobacco₹2,02,391 lakh
    Confectionery₹10,609 lakh
    Cut tobacco₹1,931 lakh
    Others₹435 lakh
    Total₹9,08,246 lakh
    Cigarette revenue includes incremental revenue of ₹29,029 lakh from reselling Marlboro cigarettes the company makes.

Where revenue comes from

  • Consolidated revenue from contracts with customers by location15
    Itemyear to Mar 2026
    Within India₹7,06,848 lakh
    Outside India₹2,01,398 lakh
  • Exports were ₹2,014 crore in the year to Mar 2026, against ₹2,120 crore a year earlier; unmanufactured tobacco made up ₹1,945 crore, against ₹2,010 crore.22
  • The international business sells in Latin America, the Middle East, South East Asia and Eastern Europe.23

Plants and capacity

  • The group has 3 plants: cigarette plants at Rabale (Navi Mumbai) and Guldhar (Ghaziabad, owned by its wholly owned subsidiary International Tobacco Company Limited), and a reconstituted tobacco (sheet made from leaf by-products) plant at Ongole, Andhra Pradesh.2425
  • The company's leaf division is at Guntur, Andhra Pradesh.26

What the company expects

  • In its presentation of 27 Jul 2026, the company said it plans to strengthen its partnership with Philip Morris International in making and distributing Marlboro cigarettes in India, and to build on export markets for unmanufactured tobacco.27
  • In its presentation of 27 Jul 2026, the company said it would use pricing and product mix to protect margins as demand moderates after the recent tax increases.27
  • The company stated in its annual report for the year to Mar 2026 that it is working towards carbon-neutral operations by 2030, is setting up a renewable energy plant and aims to source 50% of electricity for its Rabale and Guldhar plants from renewables.28
  • The company stated in its annual report for the year to Mar 2026 that its research plans include developing alternative and next-generation products, including reduced-harm options.29

Recent events

  • On 8 Apr 2026, the Delhi High Court recorded the unconditional withdrawal of a suit against the company filed by Samir Kumaar Modi and a retail company as co-plaintiff.30
  • From 1 Feb 2026, the government cut compensation cess (a levy on top of GST) on cigarettes to nil and raised GST and excise duty; the company says its revenue for the year to Mar 2026 is therefore not comparable with the year before.31
  • On 17 Sep 2025, the board allotted 10,39,87,840 bonus shares (free additional shares to existing holders), 2 for every 1 share held.3233

Litigation and regulatory matters

  • On 6 Jan 2026, a Delhi GST office ordered GST, interest and a penalty of ₹24,71,772 over alleged irregular input tax credit; in its filing of 7 Jan 2026, the company said the order has no material impact and it was evaluating an appeal.34
  • As of its annual report for the year to Mar 2026, the group had appealed GST demands including ₹8,290 lakh over alleged undervaluation of goods, ₹2,772 lakh over input tax credit for July 2017 to June 2018 and ₹726 lakh over alleged misclassification of goods.35
  • As of its annual report for the year to Mar 2026, the group's appeals were pending before the CIT (Appeals), the first income-tax appeal authority, against orders made after a tax search on a promoter that disallow some of its expenses.36

Last updated

All 36 sources, each with its page

Results

Consolidated; ₹ crore.Godfrey Phillips India quarterly results

Revenue growth, 12 months
+53.5%
Net profit growth, 12 months
+14.0%

Quarter to Jun 2026, against the quarter before

Revenue
₹3,820 Crup 9.58%
Net profit
₹198 Crdown 61.95%
Net margin
5.2%

Revenue by quarter

₹1,651 CrSep 24₹1,896 CrDec 24₹1,888 CrMar 25₹1,813 CrJun 25₹1,632 CrSep 25₹2,190 CrDec 25₹3,486 CrMar 26₹3,820 CrJun 26

Net profit by quarter, a loss in red

₹248 CrSep 24₹316 CrDec 24₹280 CrMar 25₹356 CrJun 25₹305 CrSep 25₹343 CrDec 25₹521 CrMar 26₹198 CrJun 26

The quarters either side of a change of basis do not compare. From the quarter to Mar 2025, the company's revenue for the year to Mar 2025, ₹6,767 Cr, differs from its quarters added, ₹6,876 Cr.

₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue1,6511,8961,8881,8131,6322,1903,4863,820
Net profit248316280356305343521198
Net margin15.0%16.7%14.8%19.6%18.7%15.7%15.0%5.2%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Cigarettes, Tobacco and related Products₹9,008 Crup 34.66%98.8%
  • Others₹113 Crup 44.67%1.2%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2025: days before it are of the company before the change.Godfrey Phillips India PE ratio and valuation

Price to earnings

At or below today's level on 51% of 2,479 trading days over the last 10 years.

LowestHighest
Its median19.71Industry median17.51
Price to book

At or below today's level on 68% of 1,979 trading days since Nov 2018.

LowestHighest
Its median2.94Industry median1.73
Dividend yield

At or below today's level on 95% of 2,457 trading days over the last 10 years.

LowestHighest
Its median1.31%Industry median0.72%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−14.3%+41.9%−41.5%2.7%
3 years+47.6%+30.3%+11.8%2.0%
5 years+46.0%+32.3%+8.7%2.2%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Godfrey Phillips India shareholding pattern

Shareholding by group

  • Promoters72.58%
  • Foreign institutions7.86%
  • Indian institutions3.50%
  • Governments0.02%
  • Individuals and others16.04%
  • Employee trusts0.01%
Holder
K K MODI INVESTMENT AND FINANCIAL SERVICES PRIVATE LIMITEDPromoter29.85%
PHILIP MORRIS GLOBAL BRANDS INCPromoter25.10%
GOOD INVESTMENT (INDIA) LTDPromoter8.29%
QUICK INVESTMENT (INDIA) LTDPromoter4.30%
JUPITER INDIA FUNDForeign portfolio investors, category I2.96%
THE JUPITER GLOBAL FUND - JUPITER INDIA SELECTForeign portfolio investors, category I1.47%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Promoters have pledged 0.21% of their shares. Since Jun 2026: promoters unchanged, foreign institutions +0.06 pts, Indian institutions −0.16 pts, mutual funds −0.12 pts.

The filing reports 4,42,266 of its 15,59,81,760 shares locked in.

Mutual fund holdings

110 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 67 of the 76 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 110 funds holding Godfrey Phillips India

Bought for the first time
2
Bought again
1
Added
36
Cut
40
Held unchanged
30
Sold out
4
Fund
HSBC Mutual Fund logoHSBC Midcap FundHSBC Mutual Fund11,08,0211.25%₹209.6 Cr
HSBC Mutual Fund logoHSBC Value FundHSBC Mutual Fund6,07,7000.78%₹115.0 Cr
JM Financial Mutual Fund logoJM Flexi Cap FundJM Financial Mutual Fund5,47,9862.06%₹103.7 Cr
HDFC Mutual Fund logoHDFC Large & Mid Cap FundHDFC Mutual Fund4,37,4160.29%₹82.8 Cr
Mahindra Manulife Mutual Fund logoMahindra Manulife Multi Cap FundMahindra Manulife Mutual Fund4,23,8451.08%₹80.2 Cr
HSBC Mutual Fund logoHSBC Large & Mid Cap FundHSBC Mutual Fund2,27,7510.74%₹43.1 Cr
HSBC Mutual Fund logoHSBC Small Cap FundHSBC Mutual Fund2,14,9000.22%₹40.7 Cr
JM Financial Mutual Fund logoJM Mid Cap FundJM Financial Mutual Fund1,97,1512.86%₹37.3 Cr
LIC Mutual Fund logoLIC MF Multi Cap FundLIC Mutual Fund1,31,2401.14%₹24.8 Cr
JM Financial Mutual Fund logoJM Value FundJM Financial Mutual Fund88,0792.14%₹16.7 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 30 Oct 2025.Godfrey Phillips India insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Promoters and promoter group: no market trade · 1 pledge filing of unclear kind
  • Others: no market trade
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Godfrey Phillips India competitors and peers

Fast Moving Consumer Goods, 416 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to Godfrey Phillips India in market cap.FMCG companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Colgate Palmolive (India) logoColgate Palmolive (India)COLPAL44,32832.5527.40+8.7%+2.7%85.1%109.0%2.95%
Cupid logoCupidCUPID43,049313.8795.49––34.6%30.9%0.00%
Patanjali Foods logoPatanjali FoodsPATANJALI41,21820.923.15+19.8%+61.7%16.1%10.9%1.53%
United Breweries logoUnited BreweriesUBL31,50965.056.91+5.1%+32.2%10.9%10.6%0.84%
Milky Mist Dairy FoodMILKYMIST23,442–9.89––––0.00%
Gillette India logoGillette IndiaGILLETTE23,37734.9924.70––67.8%93.5%3.35%
Procter & Gamble Hygiene and Health Care logoProcter & Gamble Hygiene and Health CarePGHH22,47428.4229.83––106.1%137.6%3.68%
Hatsun Agro Product logoHatsun Agro ProductHATSUN22,435–11.37+19.1%––18.1%0.99%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Godfrey Phillips India dividend history

Dividend per share, ₹, restated for later splits and bonuses

2.7Mar 172.7Mar 183.3Mar 198Mar 208Mar 219.3Mar 2215Mar 2319Mar 2432Mar 2550Mar 26
Highest ₹50.00 a share, year to Mar 2026.
Ex-dateTypePer share
11 Aug 2026Final₹33.00
10 Nov 2025Interim₹17.00
22 Aug 2025Final₹60.00
29 Nov 2024Interim₹35.00
23 Aug 2024Final₹56.00
11 Aug 2023Final₹44.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Godfrey Phillips India announcements

Godfrey Phillips India share price by year

Each calendar year to 2025.Godfrey Phillips India share price history

YearClose at year endChangeHighest closeLowest close
20252,762.30+58.5%3,713.001,411.45
20241,742.57+147.9%2,745.15697.52
2023702.95+6.6%786.92541.87
2022659.57+75.7%677.17317.12
2021375.37+15.8%456.62281.20
2020324.05−23.6%486.20250.47
2019423.97+43.4%467.32230.10
2018295.68−10.1%356.28224.07
2017329.00−3.4%434.47298.52
2016340.63−25.3%504.65269.28
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
28 Oct 20261,700.001,737.901,683.201,714.401,710.831,47,61731.0%
27 Oct 20261,664.001,725.701,660.001,725.701,704.193,12,17744.0%
26 Oct 20261,664.101,684.101,641.201,664.001,660.142,67,73428.2%
23 Oct 20261,728.001,734.901,660.101,669.001,681.611,69,11636.3%
22 Oct 20261,760.001,761.701,705.001,727.001,727.542,35,12034.9%
21 Oct 20261,807.501,818.001,750.101,762.801,770.231,63,73043.8%
19 Oct 20261,850.001,858.001,795.501,807.501,816.041,07,84841.7%
16 Oct 20261,850.001,863.501,833.301,852.001,852.0598,07634.3%
15 Oct 20261,865.001,885.001,837.501,837.501,865.261,19,50232.6%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history

Ex-dateEventPrice factorWhat happened
16 Sep 2025Bonus0.3333Holders received 2 bonus shares for every 1 held.
28 Nov 2014Split0.2000Each share became 5.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson and managing director and CEO
Bina Modi
At the end of the quarter to Sep 2026
NSE symbol
GODFRYPHLP
BSE code
500163
ISIN
INE260B01028
Industry
Cigarettes & Tobacco Products
CIN
L16004MH1936PLC008587
Corporate identity number, the registrar of companies' code for it
Incorporated
1936
Registered office
Macropolo Building, Ground Floor, Next to Kala Chowky Post Office, Dr. Babasaheb Ambedkar Road, Lalbaug, Mumbai 400033, Maharashtra
Share registrar
MUFG Intime India Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments