Godfrey Phillips Q2 FY26 Earnings Results

Godfrey Phillips India Ltd, a leading FMCG company known for distributing the Marlboro brand in India, reported a robust Q2 FY26 performance marked by improved profitability despite a slight dip in revenues.

Financial Highlights:

• Revenues declined 5.22% year on year to ₹1,289 crore from ₹1,360 crore.
• Total expenses decreased 9.52% to ₹1,007 crore from ₹1,113 crore.
• Consolidated net profit increased 22.98% to ₹305 crore from ₹248 crore.
• Earnings per share (EPS) rose 22.86% to ₹19.56 from ₹15.92.

Key Performance Points:

• The profit improvement was driven by better cost management and operational efficiencies amid stable core cigarette volumes.
• EBITDA margin expanded notably to 19.3% from 17% on better mix and cost control.
• The cigarettes and tobacco segment remained the main revenue contributor at ₹1,606 crore.
• The company declared an interim dividend of ₹17 per share for FY26.
• Despite revenue pressure due to regulatory environment and GST-related disruptions, medium-term growth prospects remain positive supported by market share gains and premiumization.

This quarter’s robust margin expansion and profit growth highlight Godfrey Phillips’ strong operational execution and resilience amidst industry headwinds.

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