Shares of cigarette manufacturer Godfrey Phillips India surged 10 per cent to reach ₹7,741.8 on Tuesday, marking a remarkable 54.84 per cent rally over three trading sessions. The shares were trading at ₹7,543.85 up by ₹505.85 or 7.19 per cent on the NSE today at 12.19 pm.
The company reported a substantial 48.7 per cent increase in its December quarter net profit, reaching ₹315.9 crore compared to ₹212.4 crore in the same quarter of the previous fiscal year. Revenue from operations grew by 27.3 per cent to ₹1,591.2 crore, up from ₹1,249.6 crore year-over-year.
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Operating performance showed significant improvement, with EBITDA rising 57.6 per cent to ₹358.8 crore from ₹227.7 crore in the corresponding quarter last year. The EBITDA margin expanded to 22.6 per cent from 18.2 per cent year-over-year.
The stock has demonstrated strong momentum in recent weeks, gaining 70.3 per cent over the past month. This surge comes amid improved operational efficiency and robust financial performance in the third quarter.
The company’s strong quarterly results, particularly the expansion in EBITDA margin and substantial growth in net profit, appear to have boosted investor confidence, contributing to the sharp rise in share price.