Godfrey Phillips India (500163) Q3 25/26 earnings summary

Executive summary

• Consolidated gross sales value reached Rs 12,805 crore for 9M FY26, up 22% year-over-year; net profit from continuing operations was Rs 1,005 crore, up 17% year-over-year.

• Board approved unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, after review by the Audit Committee.

• Domestic cigarette sales volume grew 25% year-over-year for the 9M FY26 period.

• Appointment of Mr. Marco Mariotti as Additional Director (Non-Executive, Non-Independent), representing Philip Morris Global Brands Inc., effective February 1, 2026, subject to shareholder approval.

• Unmanufactured tobacco exports contributed Rs 1,255 crore, or 22% of net sales revenue.

Financial highlights

• Gross profit for 9M FY26 was Rs 1,940 crore, with a gross profit margin of 15.2%.

• EBITDA for 9M FY26 stood at Rs 1,031 crore, up 13.5% year-over-year.

• Net profit after tax for 9M FY26 was Rs 1,005 crore, up 17% year-over-year.

• Standalone total income for Q3 FY26 was ₹229,594 lakhs, up from ₹199,176 lakhs in Q3 FY25; nine-month total income reached ₹599,551 lakhs, up from ₹517,217 lakhs year-over-year.

• Interim dividend of ₹17 per equity share declared and paid for FY26.

Outlook and guidance

• Growth priorities include targeting new cigarette markets, strengthening international business, and leveraging distribution infrastructure.

• Company expects to fully recover losses from the fire incident at the tobacco processing plant, with insurance claims pending final assessment.

• Continued focus on expanding export markets and enhancing the sale of unmanufactured tobacco.

• Strategic partnership with Philip Morris International for Marlboro brand distribution in India.