Rub-off effect? Godfrey Phillips shares jump 6% after rival cigarette maker ITC's Q1 earnings
- Posted on August 3, 2026
- By Business News Today
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Rub-off effect? Godfrey Phillips shares jump 6% after rival cigarette maker ITC's Q1 earnings
Godfrey Phillips shares rallied on Monday after ITC's June-quarter earnings and upbeat brokerage commentary lifted sentiment across the cigarette sector. Analysts believe the worst of the tax-led disruption may be over, although some remain cautious about margin recovery, pricing and the impact of illicit cigarette competition
