Godfrey Phillips share price today saw a sharp sell-off in the first trading session of calendar year 2026. Shares of Godfrey Phillips India Ltd (GODFRYPHLP) tumbled over 19 per cent, hitting an intraday low of ₹2,230.15, after the Centre issued a fresh notification on cigarette excise duty.
The steep fall came after the government notified provisions linked to the Central Excise (Amendment) Bill 2025, which replaces the provisional levy on cigarettes and tobacco products with a revised excise structure, effective February 1.
Why Godfrey Phillips Share Is Falling Today
The key reason behind the sharp fall in Godfrey Phillips shares is the tightening of the tax structure on cigarettes. As per the notification:
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Excise duty will now be levied in addition to 40% GST
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This increases the overall tax burden on cigarette manufacturers
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Higher taxes may hurt volumes and margins
India currently taxes cigarettes at up to 53% of retail value, including 28% GST and size-based levies. Although this is still below the WHO-recommended 75% tax level, markets reacted negatively to the sudden increase.
Technical View: Godfrey Phillips Share Price
From a technical perspective, the stock looks extremely weak:
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Trading below all key SMAs (5-day to 200-day)
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14-day RSI at 26.05, indicating an oversold zone
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High volatility with a beta of 1.21
According to Ravi Singh, Chief Research Officer at Mastertrust, the stock may slip further towards ₹2,200 levels in the near term if selling pressure continues.
Valuation Snapshot
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P/E ratio: 29.20 (standalone) / 28.87 (consolidated)
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P/B ratio: 9.03
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EPS: ₹79.66 / ₹80.57
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Return on Equity (RoE): 30.93%
Despite strong profitability metrics, tax-related uncertainty has overshadowed fundamentals.
Godfrey Phillips Business Overview
Godfrey Phillips’ cigarette portfolio includes:
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Marlboro
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Four Square
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Red & White
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Cavanders
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Focus
As of September 2025, promoters held a 72.58% stake, reflecting strong promoter confidence, though near-term sentiment remains weak.
GodFRYPHLP Share News Today – FAQs
GodFRYPHLP Share News Today Live
Godfrey Phillips shares crashed over 19% intraday following the government’s notification on excise duty hikes for cigarettes and tobacco products.
GodFRYPHLP Share News Live
The stock hit a day’s low of ₹2,230.15, with heavy volumes seen across exchanges amid panic selling.
GodFRYPHLP Share News Dividend
There is no fresh dividend announcement from Godfrey Phillips at present. Investors are awaiting clarity after the tax changes.
Godfrey Phillips Share Price Target
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Short-term: ₹2,200–₹2,250
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Medium-term: ₹2,600–₹2,800 (if volumes stabilize)
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Long-term: ₹3,200+ (subject to tax clarity and demand recovery)
(Targets are indicative and depend on regulatory developments.)
GODFRYPHLP Share Split
There is no official announcement regarding a share split by Godfrey Phillips as of now.
GODFRYPHLP Bonus Share
The company has not announced any bonus issue recently.
Godfrey Phillips Bonus News Today
Currently, no bonus news has been declared by the company. Any future bonus will depend on board approval and earnings visibility.
Conclusion
The sharp fall in Godfrey Phillips shares highlights investor concern over rising taxation on cigarettes. While the stock has entered an oversold zone technically, near-term volatility may persist until clarity emerges on pricing power and volume impact.
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