Golden Crest Education & Services reported standalone net profit of ₹0.02 crore for the quarter ended June 2026, remaining unchanged from the corresponding quarter of the previous financial year. According to reports from Business Standard, the company's sales remained constant at ₹0.09 crore during both the June 2026 quarter and the June 2025 quarter, showing no year-on-year growth. The company's performance comes amid broader sector developments, with the cigarette industry showing signs of recovery following recent tax-related disruptions.
The company maintained stable operational performance with operating profit margin (OPM) at 11.11% in both the June 2026 and June 2025 quarters. As reported by Business Standard, profit before depreciation and tax (PBDT) remained at ₹0.02 crore, while profit before tax (PBT) also stayed constant at ₹0.02 crore during the comparison period. Golden Crest's steady margins contrast with the broader cigarette sector's recent volatility due to regulatory changes.
The cigarette sector is showing signs of recovery following recent tax-related disruptions, with Godfrey Phillips shares surging over 6% on Monday after ITC's June-quarter earnings boosted sector sentiment. According to ETMarkets, ITC reported a 27% year-on-year fall in standalone net profit at ₹3,579 crore for Q1 FY27, though revenue from operations rose 28% YoY to ₹26,943 crore. ITC's cigarette business saw a revenue surge of 81% YoY to ₹15,384 crore, indicating strong underlying demand recovery despite regulatory challenges.
Brokerages remain cautiously optimistic about the cigarette sector's recovery prospects, with Nomura upgrading ITC's rating to 'Buy' from 'Reduce' and raising its target price to ₹340 from ₹300, implying a 21% upside potential. As reported by ETMarkets, analysts believe the worst of the tax-led disruption may be over, though some remain cautious about margin recovery and pricing dynamics. The sector's recovery is being supported by expectations that further price hikes in Premium Deluxe and Regular cigarette segments should support pricing growth from the second quarter, while an improving product mix could offset the impact of downtrading.
