The shares of Godfrey Phillips jumped 10 percent in early trade on February 14 after the company reported a 49 percent year-on-year rise in net profit in the third quarter of the current financial year.
Godfrey Phillips released its results for the quarter which ended on December 31, 2024 in the post-market hours of February 13. The company reported a net profit of Rs 316 crore for the reported quarter, marking a sharp increase from the Rs 212 crore net profit reported in the corresponding quarter of the previous financial year.
The company's revenue from operations meanwhile rose over 27 percent year-on-year to Rs 1,896 crore in Q3 FY25. Its revenue from operations stood at Rs 1,488 crore in Q3 of FY24.
Godfrey Phillips saw a sharp rise in the revenue generated from its main business of cigarette, tobacco and other related products. The segment reported revenue at Rs 1,875 crore during the reported quarter, marking a year-on-year rise of 37 percent. Its other business segments however saw a fall in revenue.
Godfrey Phillips shares were trading at Rs 5,481 apiece, as seen at 9.44 am. This marks a jump of 10 percent from the stock's previous closing price. The stock has so far surged nearly 25 percent in the past six months. It is currently nearly 119 percent higher than its 52-week-low level of Rs 2,506 apiece. However, the stock is still 35 percent lower than its 52-week-high level of Rs 8,480 apiece.
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Godfrey Phillips India has an exclusive sourcing and supply pact with Philip Morris International to make and distribute the Marlboro brand in India. Tobacco makes up majority of the company's gross sales value.
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