Godfrey Phillips share price skyrockets nearly 16% as Q3 net profit rises 49% to ₹316 crore

Godfrey Phillips share price: Shares of tobacco manufacturer Godfrey Phillips India rose over 15% on Friday after the company posted strong numbers for the quarter ended December 2024.

The stock was trading 15.61% higher at ₹5,780 per share on the National Stock Exchange (NSE) at 11:20 am. Its market capitalisation stands at ₹30,057.95 crore.

On the BSE, it gained 16.38% to ₹5,799.10 apiece.

Godfrey Phillips Q3 results

Godfrey Phillips India reported a 48.74% increase in its consolidated net profit to ₹315.85 crore in the third quarter of the fiscal year 2024-25. In the year-ago period, the post-tax profit was ₹212.35 crore.

Revenue from operations rose 27.4% to ₹1,895.52 crore in the quarter ended December 2024, compared to ₹1487.54 crore in the corresponding period last year.

EBITDA (Earnings before interest, tax, depreciation, and amortisation) advanced 57.6% to ₹358.8 crore in Q3 FY25 as against ₹227.7 crore in the same period last year. EBITDA margin was 22.6% in the reporting quarter versus 18.2% a year back.

Total expenses stood at ₹1,567.75 crore in the quarter under review, up 20.42% from ₹1,301.82 crore in the same period last fiscal year.

Revenue from cigarettes, tobacco, and related products zoomed 21.53% to ₹1,075.21 crore in the latest December quarter, compared to ₹1,370.27 crore in the three-month period ended December 2023.

NIFTY, SENSEX decline

Equity benchmark indices SENSEX and NIFTY fell on Friday. SENSEX slumped 340 points to 75,792 at 11:56 am. The NIFTY descended 0.61% to 22,892.

In the NIFTY50 space, Bharat Electronics, Adani Enterprises, Sun Pharma, Adani Ports and Dr Reddy's were among the biggest laggards.

Nestle India, JSW Steel, Tata Consumer Products, HCLTech and ICICI Bank were among the biggest gainers.

In Asian markets, Shanghai, Hong Kong and Seoul rose while Tokyo quoted lower. US markets ended higher on Thursday.