# Godfrey Phillips Q2 Profit Drops 37%

> Godfrey Phillips India reports 37.73% Q2 profit decline amid tax hike, revenue doubles.
- Title: Godfrey Phillips Q2 Profit Drops 37% · The Economic Times
- Summary: Godfrey Phillips India reports 37.73% Q2 profit decline amid tax hike, revenue doubles.
- Keywords: godfrey phillips india, q2 profit decrease, cigarette industry, tax increase, revenue growth, consolidated net profit, modi enterprises, ceo sharad aggarwal, The Economic Times
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/stocks/earnings/godfrey-phillips-q2-profit-down-37-to-rs-190-cr-revenue-up-twofold-at-rs-4198-cr/articleshow/135578939.cms
- Author: PTI
- Published: 2026-11-05T15:39:00+00:00
- Read time: 1 min
- Topics: godfrey phillips india, q2 profit decrease, cigarette industry, tax increase, revenue growth, consolidated net profit, modi enterprises, ceo sharad aggarwal, money, business
## 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.
## Key takeaway

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.