Dividend stock 2026: Rs 33 cash reward by multibagger BSE 500 stock; over 104% returns in 2 years

A multibagger BSE 500 stock, along with its earnings for the fourth quarter ended March 31, 2026, has announced a 1650 per cent dividend for its shareholders. The cigarettes and tobacco products manufacturer declared the cash reward on Friday, May 15.

The stock in discussion here is Godfrey Phillips India Limited. The shares of Godfrey Phillips India on Friday ended at Rs 2422.50, down Rs 35.65 or 1.45 per cent from the previous close of Rs 2,458.15, on the BSE.

The board of directors of Godfrey Phillips India has recommended a final dividend of Rs 33 per equity share of Rs 2 each for 2025-26, the company informed the stock exchanges.

The dividend, however, is subject to approval of the shareholders at the ensuing Annual General Meeting (AGM) of the company.

“Final Dividend of 1650% i.e. Rs. 33/- per Equity Share of Rs. 2/- each for the financial year ended 31st March 2026, subject to the approval of the Shareholders at the ensuing Annual General Meeting (“AGM”) of the Company,” Godfrey Phillips said in the regulatory filing.

Godfrey Phillips dividend 2026 payment date

The final dividend, as may be declared in the AGM, will be paid within 30 days from the date of the AGM and the date of payment thereof shall be intimated in due course of time.

Cigarette maker Godfrey Phillips India reporetd an 86 per cent jump in consolidated net profit at Rs 521.46 crore in the fourth quarter ended March 31, 2026, driven by robust sales.

The company had posted a consolidated net profit of Rs 279.61 crore in the corresponding quarter of the preceding fiscal, Godfrey Phillips India (GPI) said in a regulatory filing.

Consolidated total revenue from operations in Q4FY26 stood at Rs 3,485.54 crore as against Rs 1,887.79 crore in the year-ago period.

Total expenses in the quarter under review were higher at Rs 2,968.42 crore, compared to Rs 1,663.92 crore in the corresponding period a year ago.

For FY26, consolidated net profit stood at Rs 1,526 crore, compared to Rs 1,072.31 crore in FY25.

Consolidated total revenue from operations for the entire financial year stood at Rs 9,121 crore, compared to Rs 6,767.49 crore in the preceding fiscal.

In a separate filing, GPI said its board has approved the signing of a distribution agreement with Aspeya India Pvt Ltd, a member entity of Philip Morris Global Brands Inc, USA – the foreign promoter shareholder of the company – for nicotine replacement therapy products.

Under the agreement, which is for an initial term of three years, GPI will purchase the products from Aspeya and then distribute/re-sell the same using its distribution network through the approved channels of trade, it said.

Godfrey Phillips Indian has given multibagger return to its investors. However, the share is under pressure for the last one year declining by 20.92 per cent and 18.12 per cent in the last six months.

In the last two year, the stock gave a return of 104.97 per cent while in three years, it skyrocketed 325.46 per cent, 736.76 per cent in five years and 777.18 per cent in 10 years, respectively, according to BSE analytics.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)