Godfrey is one of India’s leading cigarette manufacturers

Godfrey Phillips India is one of India’s leading cigarette manufacturers, with strong brands, pricing power and an established distribution network. FY26 gross sales value increased 32.8% to ₹9,119 crore, while PAT rose 44.5% to ₹1,507 crore, supported by strong operating performance. Latest News: Q1 FY27 was impacted by the revised cigarette indirect-tax structure effective February 2026. Consolidated net profit declined about 44% YoY to ₹198 crore, while net revenue fell 18.8% to ₹1,206 crore. Domestic cigarette volumes declined only around 2%, indicating relatively resilient demand despite tax-led price increases. Corporate Action: The company set August 11, 2026 as the dividend record date and reported a ₹100 crore insurance claim receipt in Q1. With strong brands, pricing power and resilient tobacco demand, the long-term case remains attractive, but taxation, regulation and margin pressure are key risks.