Godfrey Phillips India share price
NSE: GODFRYPHLPBSE: 500163Cigarettes & Tobacco ProductsMid Cap
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
- Next results date: the board meets on 5 Nov 2026 to consider: financial results and dividend. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹27,202 Cr249th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 19.88
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 4.38
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 2.87%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 23.9%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 20.6%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.02
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 1,49,48032.2% 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 duty2021Cigarette revenue includes incremental revenue of ₹29,029 lakh from reselling Marlboro cigarettes the company makes.
Item year 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
Where revenue comes from
- Consolidated revenue from contracts with customers by location15
Item year 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
- 1. Annual report, 31 Jul 2026, page 128
- 2. Annual report, 31 Jul 2026, page 63
- 3. Investor presentation, 27 Jul 2026, page 9
- 4. Annual report, 31 Jul 2026, page 11
- 5. Investor presentation, 27 Jul 2026, page 4
- 6. Annual report, 31 Jul 2026, page 6
- 7. Annual report, 31 Jul 2026, page 248
- 8. Investor presentation, 27 Jul 2026, page 6
- 9. Annual report, 31 Jul 2026, page 6
- 10. Annual report, 31 Jul 2026, page 170
- 11. Investor presentation, 27 Jul 2026, page 5
- 12. Investor presentation, 27 Jul 2026, page 3
- 13. Investor presentation, 27 Jul 2026, page 4
- 14. Annual report, 31 Jul 2026, page 7
- 15. Annual report, 31 Jul 2026, page 224
- 16. Investor presentation, 27 Jul 2026, page 5
- 17. Investor presentation, 27 Jul 2026, page 5
- 18. Annual report, 31 Jul 2026, page 11
- 19. Annual report, 31 Jul 2026, page 7
- 20. Annual report, 31 Jul 2026, page 153
- 21. Annual report, 31 Jul 2026, page 153
- 22. Annual report, 31 Jul 2026, page 12
- 23. Investor presentation, 27 Jul 2026, page 8
- 24. Annual report, 31 Jul 2026, page 49
- 25. Annual report, 31 Jul 2026, page 63
- 26. Annual report, 31 Jul 2026, page 6
- 27. Investor presentation, 27 Jul 2026, page 7
- 28. Annual report, 31 Jul 2026, page 72
- 29. Annual report, 31 Jul 2026, page 34
- 30. Exchange filing, 9 Apr 2026, page 1
- 31. Annual report, 31 Jul 2026, page 224
- 32. Annual report, 31 Jul 2026, page 14
- 33. Annual report, 31 Jul 2026, page 49
- 34. Exchange filing, 7 Jan 2026, page 2
- 35. Annual report, 31 Jul 2026, page 227
- 36. Annual report, 31 Jul 2026, page 228
Results
Consolidated; ₹ crore.Godfrey Phillips India quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +53.5%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +14.0%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹3,820 Crup 9.58%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹198 Crdown 61.95%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 5.2%
Revenue by quarter
Net profit by quarter, a loss in red
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.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,651what Revenue, Sep 2024, includes. This period's revenue includes excise duty of ₹267 crore, a tax on the goods the company makes that it collects and pays to the government. | 1,896what Revenue, Dec 2024, includes. This period's revenue includes excise duty of ₹304 crore, a tax on the goods the company makes that it collects and pays to the government. | 1,888what Revenue, Mar 2025, includes. This period's revenue includes excise duty of ₹314 crore, a tax on the goods the company makes that it collects and pays to the government. | 1,813what Revenue, Jun 2025, includes. This period's revenue includes excise duty of ₹327 crore, a tax on the goods the company makes that it collects and pays to the government. | 1,632what Revenue, Sep 2025, includes. This period's revenue includes excise duty of ₹343 crore, a tax on the goods the company makes that it collects and pays to the government. | 2,190what Revenue, Dec 2025, includes. This period's revenue includes excise duty of ₹361 crore, a tax on the goods the company makes that it collects and pays to the government. | 3,486what Revenue, Mar 2026, includes. This period's revenue includes excise duty of ₹1,698 crore, a tax on the goods the company makes that it collects and pays to the government. | 3,820what Revenue, Jun 2026, includes. This period's revenue includes excise duty of ₹2,614 crore, a tax on the goods the company makes that it collects and pays to the government. |
| Net profit | 248 | 316 | 280 | 356 | 305 | 343 | 521 | 198 |
| Net margin | 15.0% | 16.7% | 14.8% | 19.6% | 18.7% | 15.7% | 15.0% | 5.2% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹9,121 Crup 34.78%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹1,526 Crup 42.31%
- Net margin
- 16.7%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2025, the company's revenue for that year, ₹6,767 Cr, differs from its quarters added, ₹6,876 Cr.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4,413 | 2,891 | 2,612what Revenue, Mar 2019, includes. This period's revenue includes excise duty of ₹115 crore, a tax on the goods the company makes that it collects and pays to the government. | 3,068what Revenue, Mar 2020, includes. This period's revenue includes excise duty of ₹191 crore, a tax on the goods the company makes that it collects and pays to the government. | 2,961what Revenue, Mar 2021, includes. This period's revenue includes excise duty of ₹436 crore, a tax on the goods the company makes that it collects and pays to the government. | 3,229what Revenue, Mar 2022, includes. This period's revenue includes excise duty of ₹541 crore, a tax on the goods the company makes that it collects and pays to the government. | 4,260what Revenue, Mar 2023, includes. This period's revenue includes excise duty of ₹697 crore, a tax on the goods the company makes that it collects and pays to the government. | 5,305what Revenue, Mar 2024, includes. This period's revenue includes excise duty of ₹885 crore, a tax on the goods the company makes that it collects and pays to the government. | 6,767what Revenue, Mar 2025, includes. This period's revenue includes excise duty of ₹1,156 crore, a tax on the goods the company makes that it collects and pays to the government. | 9,121what Revenue, Mar 2026, includes. This period's revenue includes excise duty of ₹2,730 crore, a tax on the goods the company makes that it collects and pays to the government. |
| Net profit | 137 | 159 | 260 | 385 | 376 | 438 | 690 | 884 | 1,072 | 1,526 |
| Net margin | 3.1% | 5.5% | 10.0% | 12.5% | 12.7% | 13.6% | 16.2% | 16.7% | 15.8% | 16.7% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Cigarettes, Tobacco and related ProductsCigarettes, Tobacco and related Products, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹9,008 Crup 34.66%98.8%
- OthersOthers, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹113 Crup 44.67%1.2%
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
At or below today's level on 51% of 2,479 trading days over the last 10 years.
At or below today's level on 68% of 1,979 trading days since Nov 2018.
At or below today's level on 95% of 2,457 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend 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% |
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 timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 2
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 36
- CutCut. Funds that held fewer shares than at the end of the month before.
- 40
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 30
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 4
| Fund | |||
|---|---|---|---|
| 11,08,021 | 1.25% | ₹209.6 Cr | |
| 6,07,700 | 0.78% | ₹115.0 Cr | |
| 5,47,986 | 2.06% | ₹103.7 Cr | |
| 4,37,416 | 0.29% | ₹82.8 Cr | |
| 4,23,845 | 1.08% | ₹80.2 Cr | |
| 2,27,751 | 0.74% | ₹43.1 Cr | |
| 2,14,900 | 0.22% | ₹40.7 Cr | |
| 1,97,151 | 2.86% | ₹37.3 Cr | |
| 1,31,240 | 1.14% | ₹24.8 Cr | |
| 88,079 | 2.14% | ₹16.7 Cr |
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
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
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 44,328 | 32.55 | 27.40 | +8.7% | +2.7% | 85.1% | 109.0% | 2.95% | |
| 43,049 | 313.87 | 95.49 | – | – | 34.6% | 30.9% | 0.00% | |
| 41,218 | 20.92 | 3.15 | +19.8% | +61.7% | 16.1% | 10.9% | 1.53% | |
| 31,509 | 65.05 | 6.91 | +5.1% | +32.2% | 10.9% | 10.6% | 0.84% | |
| Milky Mist Dairy FoodMILKYMIST | 23,442 | – | 9.89 | – | – | – | – | 0.00% |
| 23,377 | 34.99 | 24.70 | – | – | 67.8% | 93.5% | 3.35% | |
| 22,474 | 28.42 | 29.83 | – | – | 106.1% | 137.6% | 3.68% | |
| 22,435 | – | 11.37 | +19.1% | – | – | 18.1% | 0.99% |
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
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 11 Aug 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹33.00 |
| 10 Nov 2025 | Interim | ₹17.00 |
| 22 Aug 2025 | Final | ₹60.00 |
| 29 Nov 2024 | Interim | ₹35.00 |
| 23 Aug 2024 | Final | ₹56.00 |
| 11 Aug 2023 | Final | ₹44.00 |
Latest announcements
Routine notices left out.Godfrey Phillips India announcements
Oct 2026
Aug 2026
25 Aug · Meeting
24 Aug · Meeting
Jul 2026
31 Jul
31 Jul · General Updates
31 Jul · Meeting
Godfrey Phillips India share price by year
Each calendar year to 2025.Godfrey Phillips India share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 2,762.30 | +58.5% | 3,713.00 | 1,411.45 |
| 2024 | 1,742.57 | +147.9% | 2,745.15 | 697.52 |
| 2023 | 702.95 | +6.6% | 786.92 | 541.87 |
| 2022 | 659.57 | +75.7% | 677.17 | 317.12 |
| 2021 | 375.37 | +15.8% | 456.62 | 281.20 |
| 2020 | 324.05 | −23.6% | 486.20 | 250.47 |
| 2019 | 423.97 | +43.4% | 467.32 | 230.10 |
| 2018 | 295.68 | −10.1% | 356.28 | 224.07 |
| 2017 | 329.00 | −3.4% | 434.47 | 298.52 |
| 2016 | 340.63 | −25.3% | 504.65 | 269.28 |
Recent sessions
The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 28 Oct 2026 | 1,700.00 | 1,737.90 | 1,683.20 | 1,714.40 | 1,710.83 | 1,47,617 | 31.0% |
| 27 Oct 2026 | 1,664.00 | 1,725.70 | 1,660.00 | 1,725.70 | 1,704.19 | 3,12,177 | 44.0% |
| 26 Oct 2026 | 1,664.10 | 1,684.10 | 1,641.20 | 1,664.00 | 1,660.14 | 2,67,734 | 28.2% |
| 23 Oct 2026 | 1,728.00 | 1,734.90 | 1,660.10 | 1,669.00 | 1,681.61 | 1,69,116 | 36.3% |
| 22 Oct 2026 | 1,760.00 | 1,761.70 | 1,705.00 | 1,727.00 | 1,727.54 | 2,35,120 | 34.9% |
| 21 Oct 2026 | 1,807.50 | 1,818.00 | 1,750.10 | 1,762.80 | 1,770.23 | 1,63,730 | 43.8% |
| 19 Oct 2026 | 1,850.00 | 1,858.00 | 1,795.50 | 1,807.50 | 1,816.04 | 1,07,848 | 41.7% |
| 16 Oct 2026 | 1,850.00 | 1,863.50 | 1,833.30 | 1,852.00 | 1,852.05 | 98,076 | 34.3% |
| 15 Oct 2026 | 1,865.00 | 1,885.00 | 1,837.50 | 1,837.50 | 1,865.26 | 1,19,502 | 32.6% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 16 Sep 2025 | Bonus | 0.3333 | Holders received 2 bonus shares for every 1 held. |
| 28 Nov 2014 | Split | 0.2000 | Each share became 5. |
Company details
- NSE symbol
- GODFRYPHLP
- BSE code
- 500163
- ISIN
- INE260B01028
- Industry
- Cigarettes & Tobacco Products
- Website
- www.godfreyphillips.com
- 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