However, the company's gross revenue more than doubled year-on-year to Rs 3,820 crore, while the gross profit margin contracted to 7.8% from 15.3% a year ago. Total expenses also more than doubled to Rs 3,675 crore during the June quarter.
Including other income, Godfrey Phillips' total income more than doubled year-on-year to Rs 3,897.83 crore in Q1 FY27.
The earnings were released in the post-market hours of Monday.
Despite a significant tax-led price increase, the company’s domestic cigarette sales volume slipped by 2% during the quarter over the corresponding period of last year, as per the company’s earnings report. The unmanufactured tobacco export sales were at Rs 248 crores, accounting for 7% of the company's net sales.
“The higher tax burden has not only impacted industry profitability but also contributed to the growth of illicit trade, which remains a significant concern for the legal cigarette industry,” said CEO Sharad Aggarwal in the company’s report, adding that this reflects the resilience of their brands and distribution network.
What did the management say?
Godfrey Phillips is the flagship company of the KK Modi Group. It is a Fortune 500 organisation, with significant market presence across Latin America, the Middle East, Southeast Asia and Eastern Europe in around 30 countries.
About Godfrey Phillips
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of The Economic Times.)
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price