From The Economic Times · PTI · · 1m
Godfrey Phillips Q2 Profit Drops 37%
Godfrey Phillips India reports 37.73% Q2 profit decline amid tax hike, revenue doubles.
In brief
Godfrey Phillips India reports 37.73% Q2 profit decline amid tax hike, revenue doubles. Godfrey Phillips India's Q2 profit fell 37.73% to Rs 189.90 crore as tax increases hit profitability, while revenue doubled to Rs 4,198.17 crore. Originally reported by The Economic Times.
Q2 Profit Decline
Godfrey Phillips India reported 37.73 per cent decline in consolidated net profit at Rs 189.90 crore for September quarter FY27.
Revenue Doubles
Revenue from operations doubled to Rs 4,198.17 crore in September quarter FY27.
Tax Impact
CEO Sharad Aggarwal attributed 41 per cent profitability drop to steep tax increase implemented in Q4 of FY26.
Illicit Trade Concern
Higher tax burden contributed to growth of illicit trade, a significant concern for legal cigarette industry.
Calibrated Pricing Strategy
Godfrey Phillips India adopted calibrated pricing strategy to contain impact on volumes.
Share Price Rise
Shares settled at Rs 1,800 apiece, up 1.3 per cent from previous close.
The one thing
Godfrey Phillips India's Q2 profit fell 37.73% to Rs 189.90 crore as tax increases hit profitability, while revenue doubled to Rs 4,198.17 crore.
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