Latest news with #GodfreyPhillipsIndia
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Business Standard
5 days ago
- Business
- Business Standard
What's fuelling the stock price of Godfrey Phillips India? Up 106% in CY25
Godfrey Phillips India share price Shares of Godfrey Phillips India hit a new high of ₹10,749.20; soaring 9 per cent on the BSE in Wednesday's intra-day trade in an otherwise weak market. In the past two trading days, the stock price of the flagship company of KK Modi Group has rallied 20 per cent after the company reported strong earnings for the quarter ended June 2025 (Q1FY26). The company also announced 2:1 bonus shares. Thus far in the calendar year 2025 (CY25), the market price of the fast moving consumer goods (FMCG) company has more-than-doubled or zoomed 106 per cent, as compared to 3 per cent rise in the BSE Sensex. The stock has appreciated by 169 per cent from its 52-week low of ₹4,000 hit on August 6, 2024. In the previous calendar year 2024, the stock of Godfrey Phillips India had appreciated by 148 per cent. Track Stock Market LIVE Updates What's fuelling the stock price of Godfrey Phillips India The board of Godfrey Phillips India on Monday announced its maiden bonus issue in the ratio of 2:1 viz., 2 new bonus equity shares of ₹2 each for every 1 existing equity share of ₹2 each. The company has fixed September 16, 2025 as the 'Record Date' for determining the entitlement of the shareholders of the company to receive bonus equity shares. Meanwhile, Godfrey Phillips India has continued its growth momentum from FY24 to FY25 and to FY26. The company reported a promising start to FY26, with April to June quarter (Q1FY26) financial results reflecting sustained growth momentum over FY25. The company has recorded consolidated Gross Sales Value of ₹4,094 crore and Net Profit (from continuing operations) of ₹356 crore, representing an increase of 33 per cent and 25 per cent respectively when compared to the corresponding period in last year. The company's net revenue increased 36.5 per cent year-on-year (Y-o-Y) at ₹ 1,486 crore. Earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 25.2 per cent Y-o-Y at ₹338 crore; while margins stood at 8.3 per cent against 8.7 per cent in a year ago quarter. The management said the company's initiatives to expand into new markets with differentiated offerings are progressing well. Godfrey Phillips has delivered robust domestic cigarette sales volume growth in Q1FY26. The company's topline is ably supported by unmanufactured tobacco export of ₹427 crore in Q1FY26 which continues to show an upward trend. Godfrey Phillips has strengthened partnership with Philip Morris International in the manufacture and distribution of Marlboro brand cigarettes in India. The company's portfolio comprises established cigarette brands such as Four Square, Red & White, Stellar, and Cavenders; the company also manufactures and distributes the Marlboro brand of cigarettes, which enjoy strong customer loyalty and has been a significant revenue driver. Cigarette volume growth momentum is expected to sustain with the government not increasing taxes on cigarettes, according to analysts. Check List of Q1 results today Sector outlook Cigarette volume growth momentum is expected to sustain with the government not increasing taxes on cigarettes. The domestic cigarettes industry in the past was affected by a sustained rise in taxes and regulatory regime along with a sharp hike in illegal trade in the past few years, especially at the premium end, which continues to pose significant challenges to the legal cigarettes industry. However, in recent times, the government has undertaken stringent actions to curb illicit cigarette sales. This along with lower price hikes in the cigarette portfolio will help cigarette companies post better volume growth, according to Mirae Asset Sharekhan.
Economic Times
5 days ago
- Business
- Economic Times
Godfrey Phillips shares surge 16% in 2 days, hit 52-week high. Here's why
Godfrey Phillips share price target Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Godfrey Phillips India rallied 16.4% over the last two sessions after the company posted strong Q1 earnings and announced a bonus issue. In Wednesday's trade, the stock jumped nearly 6% to hit a 52-week high of Rs 10,464.1 on the Monday, the cigarette maker reported a 56% year-on-year (YoY) rise in consolidated net profit to Rs 356.28 crore for the June quarter, driven by higher sales. In the same quarter last year, profit stood at Rs 228.55 from operations rose to Rs 1,813.26 crore from Rs 1,358.81 crore a year ago. Total expenses increased to Rs 1,506.68 crore from Rs 1,118.49 crore in the corresponding company's board approved a bonus share issue in a 2:1 ratio — two fully paid-up bonus shares of Rs 2 each for every one existing share — through capitalisation of general reserves and/or retained earnings. The issuance is subject to shareholder and regulatory to Trendlyne, the average target price for Godfrey Phillips stands at Rs 1,787, indicating an upside potential of 11% from current levels. The stock holds a 'Buy' recommendation from 19 10:19 am, shares of Godfrey Phillips were trading 5.2% higher at Rs 10,400. The stock is up 107% year-to-date and has gained nearly 420% over the past two years. Its current market capitalisation stands at Rs 54,106 Phillips India is one of the leading FMCG Companies in India, the flagship company of KK Modi Group. They have many iconic cigarette brands like Four Square, Red & White, and Cavanders to their also has an exclusive sourcing and supply agreement with Philip Morris International to manufacture and distribute the renowned Marlboro brand in India.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Time of India
5 days ago
- Business
- Time of India
Godfrey Phillips shares surge 16% in 2 days, hit 52-week high. Here's why
Shares of Godfrey Phillips India rallied 16.4% over the last two sessions after the company posted strong Q1 earnings and announced a bonus issue. In Wednesday's trade, the stock jumped nearly 6% to hit a 52-week high of Rs 10,464.1 on the BSE. Tired of too many ads? Remove Ads Godfrey Phillips share price target Tired of too many ads? Remove Ads Shares of Godfrey Phillips India rallied 16.4% over the last two sessions after the company posted strong Q1 earnings and announced a bonus issue. In Wednesday's trade, the stock jumped nearly 6% to hit a 52-week high of Rs 10,464.1 on the Monday, the cigarette maker reported a 56% year-on-year (YoY) rise in consolidated net profit to Rs 356.28 crore for the June quarter, driven by higher sales. In the same quarter last year, profit stood at Rs 228.55 from operations rose to Rs 1,813.26 crore from Rs 1,358.81 crore a year ago. Total expenses increased to Rs 1,506.68 crore from Rs 1,118.49 crore in the corresponding company's board approved a bonus share issue in a 2:1 ratio — two fully paid-up bonus shares of Rs 2 each for every one existing share — through capitalisation of general reserves and/or retained earnings. The issuance is subject to shareholder and regulatory to Trendlyne, the average target price for Godfrey Phillips stands at Rs 1,787, indicating an upside potential of 11% from current levels. The stock holds a 'Buy' recommendation from 19 10:19 am, shares of Godfrey Phillips were trading 5.2% higher at Rs 10,400. The stock is up 107% year-to-date and has gained nearly 420% over the past two years. Its current market capitalisation stands at Rs 54,106 Phillips India is one of the leading FMCG Companies in India, the flagship company of KK Modi Group. They have many iconic cigarette brands like Four Square, Red & White, and Cavanders to their also has an exclusive sourcing and supply agreement with Philip Morris International to manufacture and distribute the renowned Marlboro brand in India.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
News18
5 days ago
- Business
- News18
Godfrey Phillips India Rises 10% For 2nd Day To Hit Fresh 52-Week High, Surges 25% In 2 Days
Godfrey Phillip Share Price: The stock has delivered robust gains lately, climbing over 24 per cent in the past month and skyrocketing nearly 132 per cent over the last six months. Godfrey Phillips Shares Price: Shares of Godfrey Phillips India on Wednesday jumped 10% for the second day in a row to hit its fresh 52-week high of Rs 10,861.5 apiece on the NSE. With this, the stock has gained nearly 25 per cent in two days, after the company posted strong Q1 FY26 earnings and announced a 2:1 bonus share issue. The stock has delivered robust gains lately, climbing over 24 per cent in the past month and skyrocketing nearly 132 per cent over the last six months, outperforming the broader market despite volatility. The share price had stood at Rs 8,735 on Monday, August 4. The BSE Sensex was down by 110 points to trade at 80,610.3, while the NSE Nifty was trading lower by 53.3 points at 24,595, as of 2:11 pm. Q1FY25 Results: Godfrey Phillips India's Profit Jumps 56% The cigarette-to-confectionery company reported a 56 per cent year-on-year rise in net profit at Rs 356.3 crore in Q1FY25, compared to Rs 228.5 crore in the same quarter a year ago. Its total revenue for the April–June quarter also grew sharply by 36.6 per cent to Rs 1,486 crore, up from Rs 1,088 crore in Q1FY24. The company also announced a bonus issue in the ratio of 2:1. Shareholders will receive two fully paid-up equity shares of Rs 2 each for every one share they currently hold. The bonus shares will be issued by capitalising Rs 2,079.76 lakh from the company's general reserves and/or retained earnings. This move remains subject to shareholder approval and applicable regulatory clearances. Godfrey Phillips has fixed Tuesday, September 16, as the record date to determine the eligibility of shareholders for the bonus issue. Godfrey Phillips' Final Dividend and Capital Expansion In addition to the bonus announcement, the board has approved an increase in authorised share capital — from Rs 25 crore to Rs 50 crore — to accommodate the expanded equity base. The company has also set Friday, August 22, as the record date for the final dividend payout for the financial year 2024-25. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
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Business Standard
5 days ago
- Business
- Business Standard
KK Modi Group Company stock soars 106% so far in CY25; zoomed 148% in CY24
Godfrey Phillips India share price Shares of Godfrey Phillips India hit a new high of ₹10,749.20; soaring 9 per cent on the BSE in Wednesday's intra-day trade in an otherwise weak market. In the past two trading days, the stock price of the flagship company of KK Modi Group has rallied 20 per cent after the company reported strong earnings for the quarter ended June 2025 (Q1FY26). The company also announced 2:1 bonus shares. Thus far in the calendar year 2025 (CY25), the market price of the fast moving consumer goods (FMCG) company has more-than-doubled or zoomed 106 per cent, as compared to 3 per cent rise in the BSE Sensex. The stock has appreciated by 169 per cent from its 52-week low of ₹4,000 hit on August 6, 2024. In the previous calendar year 2024, the stock of Godfrey Phillips India had appreciated by 148 per cent. What's fuelling the stock price of Godfrey Phillips India The board of Godfrey Phillips India on Monday announced its maiden bonus issue in the ratio of 2:1 viz., 2 new bonus equity shares of ₹2 each for every 1 existing equity share of ₹2 each. The company has fixed September 16, 2025 as the 'Record Date' for determining the entitlement of the shareholders of the company to receive bonus equity shares. Meanwhile, Godfrey Phillips India has continued its growth momentum from FY24 to FY25 and to FY26. The company reported a promising start to FY26, with April to June quarter (Q1FY26) financial results reflecting sustained growth momentum over FY25. The company has recorded consolidated Gross Sales Value of ₹4,094 crore and Net Profit (from continuing operations) of ₹356 crore, representing an increase of 33 per cent and 25 per cent respectively when compared to the corresponding period in last year. The company's net revenue increased 36.5 per cent year-on-year (Y-o-Y) at ₹ 1,486 crore. Earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 25.2 per cent Y-o-Y at ₹338 crore; while margins stood at 8.3 per cent against 8.7 per cent in a year ago quarter. The management said the company's initiatives to expand into new markets with differentiated offerings are progressing well. Godfrey Phillips has delivered robust domestic cigarette sales volume growth in Q1FY26. The company's topline is ably supported by unmanufactured tobacco export of ₹427 crore in Q1FY26 which continues to show an upward trend. Godfrey Phillips has strengthened partnership with Philip Morris International in the manufacture and distribution of Marlboro brand cigarettes in India. The company's portfolio comprises established cigarette brands such as Four Square, Red & White, Stellar, and Cavenders; the company also manufactures and distributes the Marlboro brand of cigarettes, which enjoy strong customer loyalty and has been a significant revenue driver. Cigarette volume growth momentum is expected to sustain with the government not increasing taxes on cigarettes, according to analysts. Sector outlook Cigarette volume growth momentum is expected to sustain with the government not increasing taxes on cigarettes. The domestic cigarettes industry in the past was affected by a sustained rise in taxes and regulatory regime along with a sharp hike in illegal trade in the past few years, especially at the premium end, which continues to pose significant challenges to the legal cigarettes industry. However, in recent times, the government has undertaken stringent actions to curb illicit cigarette sales. This along with lower price hikes in the cigarette portfolio will help cigarette companies post better volume growth, according to Mirae Asset Sharekhan. A significant rise in taxes on cigarettes or government actions to curb tobacco and tobacco consumption would act as a key risk to the cigarette business, the brokerage firm said.
