Godfrey Phillips India Q1 profit falls 44% after tax-led pressure
Godfrey Phillips India reported Q1 consolidated net profit of ₹198 crore, down 44.3% year-on-year, as a Q4 FY26 tax increase weighed on margins. Revenue fell 19% to ₹1,206 crore and EBITDA declined 46.2%, while domestic cigarette volumes slipped 2%.
Godfrey Phillips India reported weaker Q1 earnings after a steep Q4 FY26 tax increase hit profitability. Net profit fell 44.3%, revenue declined 19% and EBITDA dropped 46.2%, while domestic cigarette volumes slipped only 2% despite tax-led price increases.
Why this matters
The Q1 decline reverses Godfrey Phillips India’s prior Q4 performance, when profit rose 86% to ₹376 crore and EBITDA margin nearly doubled to 28.7%. It follows the company’s nine-year contract manufacturing deal with Polisetty Somasundaram.
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