Godfrey Phillips stock jumps 17% to hit all-time high, ends with 13% gain; check key details

Shares of Godfrey Phillips India jumped nearly 17% to hit their all-time high of ₹11,450 apiece on the NSE on Wednesday, August 20, rebounding after facing pressure in the last few sessions.

Earlier in August, the scrip rallied significantly after posting strong earnings for the first quarter of the current fiscal (Q1 FY26), surpassing the ₹11,000 level for the first time.

However, after the reports suggesting the implementation of new GST rates by Diwali this year surfaced, following the announcement by Prime Minister Modi on Independence Day, the stock came under selling pressure in an otherwise bullish market.

Godfrey Phillips owns cigarette brands like Four Square, Red & White and Cavanders.

As per reports, the government is planning to remove the 12% and 28% GST slabs and keep just % and 18% slabs, bringing 99% of items currently in the 12% slab will move to the 5% slab and nearly 90% of items currently being charged at 28% may be moved to the 18% slab.

Further, a special 40% slab is expected to be introduced for luxury and sin goods, and online gaming could also be added to the demerit goods category.

At 3:09 pm on Wednesday, Godfrey Phillips' stock was trading 12.62% up at ₹11,043.00 apiece.

The stock ended 12.6% higher at ₹11,041 per share on the NSE on Wednesday.

Over the past five days, the stock has rallied 13.59%, while it has jumped 20.14% in the last month.

In the last six months, the stock has soared 85.05%, while the year-to-date rise stands at 119.28%.

Godfrey Phillips Q1 FY26 results

For Q1 FY26, Godfrey Phillips reported a significant increase in domestic cigarette sales volume to 1,903 million per month, rising from 1,497 million per month posted in Q1 FY25.

The company posted a 36.5% year-over-year (YoY) jump in its revenue to ₹1,486 crore for the reporting quarter, while its net profit climbed 55.9% YoY to ₹356 crore.

Godfrey Phillips has strengthened its partnership with Philip Morris International for the manufacture and distribution of Marlboro brand cigarettes in India, and is consistently growing its domestic market share in the country.