Godfrey Phillips India Limited Earnings Summary — Q1 FY2027

• Revenue from operations surged to ₹381,956 lakhs in Q1 FY2027, though figures are not strictly comparable YoY due to a revision in the indirect tax structure effective February 2026.
• Consolidated Net Profit decreased to ₹19,839 lakhs, significantly impacted by the higher composition of excise duty and lower other income compared to the same period last year.
• The Cigarettes, Tobacco and related Products segment remained the dominant revenue contributor, accounting for ₹377,981 lakhs (98.9% of total revenue).
• Company received an interim insurance payment of ₹10,000 lakhs during the quarter related to a prior fire incident at a third-party tobacco processing plant.
• Other income saw a sharp decline at the standalone level from ₹15,696 lakhs in Q1 last year to ₹9,044 lakhs this quarter, primarily due to lower dividend income from associates.
• The board fixed August 11, 2026, as the record date for a final dividend of ₹33 per share for the previous financial year.

Management remains focused on core cigarette profitability and cost control. While structural tax changes have altered the presentation of revenue and excise expenses, the long-term strategy continues to leverage the premium Marlboro franchise and domestic volume share.

Stable

While bottom-line numbers show a YoY decline, the performance remains stable when adjusted for tax structure revisions and the timing of associate dividend payouts.

The company expects to fully recover the remaining insurance claim amount related to the Andhra Pradesh warehouse fire and maintains a robust, debt-free balance sheet with an focus on capital efficiency following the exit from non-core retail operations.