Shares of Godfrey Phillips India soared 20% in a weak market after the company posted strong Q3 earnings.
The cigarette manufacturer reported a 48.7% YoY increase in net profit, reaching ₹315.9 crore, compared to ₹212.4 crore in the same quarter last year.
Revenue from operations surged 27.3% YoY to ₹1,591.2 crore, up from ₹1,249.6 crore in the previous year’s corresponding quarter. Additionally, EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization) rose 57.6% YoY to ₹358.8 crore, improving EBITDA margin to 22.6% from 18.2%.
Godfrey Phillips, known for popular cigarette brands like Four Square, Red & White, Cavanders, Tipper, and North Pole, also distributes Marlboro under a licensing agreement with Philip Morris.
Godfrey Phillips opened today at ₹5,499.95, reaching a high of ₹5,999.50 and a low of ₹5,268.00. The stock remains volatile, with a 52-week high of ₹8,480.00 and a low of ₹2,450.00.
Despite broader market challenges, the company’s robust earnings growth and strong operational performance fueled investor confidence, leading to a sharp rally in its stock.
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