Godfrey Phillips Lights Up Q4 With Strong Earnings And 50 Rupees Payout Signal

Nikunj Parikh May 15, 2026 340 Views

Godfrey Phillips India reported a robust March quarter with consolidated revenue from operations of about 34.9 billion rupees and net profit of 5.21 billion rupees, alongside a final dividend of 33 rupees per share, taking FY26 dividend to 50 rupees per share.

Godfrey Phillips India delivered a strong Q4 FY26 performance driven by its core cigarettes and tobacco business, despite a changing indirect tax regime on cigarettes from February 2026. The board also rewarded shareholders with a hefty final dividend and maintained a clean audit opinion, underscoring confidence in the company’s fundamentals.

Quarterly Performance Snapshot

Consolidated revenue from operations for Q4 FY26 stood at 34,855.4 million rupees, led primarily by cigarettes, tobacco and related products. Consolidated profit before tax from continuing operations came in at 6,684.0 million rupees, while net profit from continuing operations was 5,207.6 million rupees for the quarter.

Full-Year FY26 Standout Numbers

For FY26, consolidated revenue from operations reached 91,209.4 million rupees, compared with 67,674.9 million rupees in FY25, reflecting strong top-line growth. Net profit from continuing operations for the year was 15,253.2 million rupees, translating into basic and diluted earnings per share of 97.80 rupees from continuing business.

Capital, Segments And One-Offs

The company’s equity share capital stood at 3,120 lakhs rupees after a 2:1 bonus issue in FY26, while other equity was 618,124 lakhs rupees as of 31 March 2026. Cigarettes, tobacco and related products remained the dominant segment with FY26 segment revenue of 90,082.0 million rupees and segment results of 14,802.9 million rupees, while the “Others” segment contributed 1,127.4 million rupees of revenue. The retail business 24Seven remains classified as discontinued, with operations closed in FY25 and only a marginal loss from discontinued operations of 0.7 crore rupees in FY26.

Regulatory And Operational Updates

From 1 February 2026, the government revised the indirect tax structure on cigarettes, reducing compensation cess to nil and raising GST and excise duty, making FY26 revenue and excise figures not strictly comparable with prior periods. The company is also pursuing an insurance claim of 28,436 lakhs rupees for an October 2025 fire at a third-party tobacco processing facility in Andhra Pradesh and expects to fully recover its losses.

Key Highlights

Revenue from operations Q4 FY26: 34.86 billion rupees (consolidated)
Consolidated net profit Q4 FY26: 5.21 billion rupees
FY26 revenue from operations: 91.21 billion rupees vs 67.67 billion rupees in FY25
FY26 net profit from continuing operations: 15.25 billion rupees
Final dividend: 33 rupees per share; total FY26 dividend 50 rupees per share (including 17 rupees interim)
Core cigarettes and tobacco segment FY26 revenue: about 90.08 billion rupees
Clean, unmodified audit opinions on both standalone and consolidated results