New Delhi, Aug. 5 -- Indian cigarette makers delivered a strong performance in the June-ending quarter, with numbers coming in above Street estimates, driven by resilient volumes, continued premiumization, and innovations. The upbeat results also led to a strong spike in their shares despite the Indian stock market remaining under severe volatility.

Godfrey Phillips, which owns cigarette brands like Four Square, Red & White, and Cavanders, delivered robust domestic cigarette sales volume growth in Q1 FY26, reaching 1,903 million per month, marking an increase from 1,497 million per month in Q1 FY25.

This reflects continued growth in quarterly sales and builds on the consistent upward trend observed throughout FY25. Against the backdrop ...