Godfrey Phillips Q4 results: Net profit soars 87% YoY to ₹531 crore; ₹33/share dividend recommended

In the corresponding period of the preceding fiscal year, it logged a profit of ₹279.29 crore, according to a regulatory filing.

KK Modi’s flagship firm’s total revenue from operations soared 84.63% YoY to ₹3,485.54 crore for the reporting quarter, compared to ₹1,887.79 crore in the fourth quarter of the 2024-25 fiscal year (Q4 FY25).

At an operational level, its EBITDA (earnings before interest, tax, depreciation and amortisation), also known as operating profit, skyrocketed 104.8% YoY to ₹553 crore in the quarter ended March 31, 2026, compared with ₹270 crore in the year-ago period.

Its EBITDA margin expanded to 9.9% in Q4 FY26, as against 6.8% in the March FY25 quarter.

Final dividend recommended

Godfrey Phillips’ board of directors recommended a final dividend of ₹33 per equity share, at 1,650%, with a face value of ₹2 each for the quarter ended March 31, 2026, subject to the approval of the Shareholders at the ensuing Annual General Meeting (AGM).

"The final dividend, as may be declared in the AGM, will be paid within 30 days from the date of the AGM, and the date of payment thereof shall be intimated in due course of time," it said.

What the CEO said

Commenting on the performance, Sharad Aggarwal, the Chief Executive Officer (CEO) of Godrej Phillips, said: “We are pleased to report our FY26 financial results, which reflect our sustained growth momentum from the previous year. The company has recorded consolidated Gross Sales Value of ₹18,379 crore and Net Profit (from continuing operations) of ₹1,525 crore, representing an increase of 27% and 32% respectively, over the corresponding period last year.”

He stated that the performance underscored the firm’s focus on enhancing operational efficiency to drive profitability. “Our initiatives to expand into new markets with differentiated offerings are progressing well, and we remain committed to delivering long-term value to our stakeholders.”

Godfrey Phillips delivered robust domestic cigarette sales volume growth of 20% in FY26 compared to the previous year, Aggarwal added.

The company’s improved financial performance led its board of directors to declare an interim dividend of ₹17 per share in its meeting held on November 3, 3036, and a final dividend of ₹33 per share in its meeting held on May 15, 2026, for the financial year 2025-26, he said.

“During FY26, unmanufactured tobacco exports reached ₹1,945 crore, contributing 21% of our net sales revenue. We remain dedicated to accelerating growth in this segment by leveraging our crop development expertise, consistently delivering superior product quality, and nurturing strong customer relationships,” he added.

The steep increase in taxation in Q4 FY26, Aggarwal said, will make the next year challenging. However, he added that the firm will respond confidently through a balanced price increase to ensure that consumer impact is phased and not in one go.

“Additionally, we are working on brand strengthening, portfolio enhancement, innovations, superior market execution and operational efficiencies,” he stated.

“On the people front, we remain committed to strengthening our leadership pipeline by integrating young talent into key roles. This is aimed at fostering a dynamic blend of fresh perspectives and seasoned experience, enabling us to drive innovation while maintaining operational excellence,” Aggarwal said.

Godfrey Phillips enters distribution agreement

In a separate filing, Godfrey Phillips said its board has approved the signing of a distribution agreement with Aspeya India Pvt Ltd, a member entity of Philip Morris Global Brands Inc, USA, the foreign promoter shareholder of the company, for nicotine replacement therapy products.

Under the agreement, which is for an initial term of three years, the company will purchase the products from Aspeya and then distribute/re-sell the same using its distribution network through the approved channels of trade, it said.

Godfrey Phillips has a total market capitalisation of ₹37,643.08 crore as of May 15, 2026, according to data on the NSE.