Godfrey Phillips India reports 38% Q2 profit fall stock fall

Godfrey Phillips India’s consolidated Q2 profit fell 37.7% year on year as revenue rose 4.1%. Watch Rs 1,641 support and Rs 1,885 resistance. Godfrey Phillips India Ltd [ GODFRYPHLP ] closed 0.35% higher on 6 Nov 2026 after opening more than 3% lower. Its consolidated Q2 profit fell 37.7% year on year to Rs 189.9 crore from Rs 305 crore. Revenue rose 4.1% year on year to Rs 1,342.2 crore from Rs 1,289 crore. Sales grew while profit fell sharply. EBITDA and margin figures were not provided. The stock is in a falling channel and appears to be consolidating near its upper edge. The closing price was not supplied, so its distance from the marked levels cannot be measured. Support is Rs 1,641, the recent swing low. Resistance is Rs 1,885, the previous swing high. In my view, the trend remains bearish within the channel. A move above its upper boundary would improve the setup. A break above Rs 1,885 may indicate a broader trend reversal. A fall below Rs 1,641 would weaken the consolidation view and put further downside in focus. Watch price behaviour at the channel boundary and both marked levels. Stance: bearish while below the falling channel boundary, with Rs 1,641 as the key support. Disclaimer: I do not hold any position in this. This content is for informational purposes only and is not a recommendation to buy or sell. Investments in securities are subject to market risks. Please read all related documents carefully before investing.