Godfrey Phillips India (500163) Q2 26/27 earnings summary

Executive summary

• Q2 consolidated net profit was Rs. 18,990 lakhs versus Rs. 30,499 lakhs YoY; H1 net profit was Rs. 38,829 lakhs versus Rs. 66,127 lakhs.

• Results were approved after Audit Committee review; statutory auditors completed limited reviews, with no material misstatement identified.

Financial highlights

• Standalone Q2 revenue from operations was Rs. 420,244 lakhs, PBT Rs. 21,827 lakhs and net profit Rs. 16,298 lakhs; prior-year Q2 figures were Rs. 163,302 lakhs, Rs. 38,171 lakhs and Rs. 30,444 lakhs, respectively.

• Consolidated Q2 revenue from operations was Rs. 419,817 lakhs, PBT Rs. 24,482 lakhs and net profit Rs. 18,990 lakhs; prior-year Q2 figures were Rs. 163,221 lakhs, Rs. 38,332 lakhs and Rs. 30,499 lakhs, respectively.

• H1 standalone revenue from operations was Rs. 801,710 lakhs, PBT Rs. 44,739 lakhs and net profit Rs. 34,037 lakhs; consolidated revenue was Rs. 801,773 lakhs, PBT Rs. 49,592 lakhs and net profit Rs. 38,829 lakhs.

Segment performance

• Consolidated Q2 Cigarettes, Tobacco and related Products revenue was Rs. 416,235 lakhs and segment results were Rs. 17,954 lakhs; Others revenue was Rs. 3,582 lakhs and segment results were a loss of Rs. 411 lakhs.

• H1 consolidated Cigarettes, Tobacco and related Products revenue was Rs. 794,216 lakhs with results of Rs. 58,196 lakhs; Others revenue was Rs. 7,557 lakhs with results of Rs. 852 lakhs.