VST Industries Limited reported a revenue of ₹2,04,575 Lakhs and a net profit of ₹29,225 Lakhs for the financial year ended March 31, 2026. The Company recorded an EBIT of ₹34,873 Lakhs, representing an EBIT margin of 17%. Earnings per share stood at ₹17.21, while the return on capital employed was 27.8%.

Financial Performance

The Company’s performance in FY 2025-26 was driven by volume growth in a challenging operating environment. Revenue from operations increased to ₹2,04,575 Lakhs from ₹1,80,943 Lakhs in the previous year. Profit after tax for the year was ₹292.3 Crores. The Board has recommended a final dividend of ₹12 per equity share of ₹10 each for the year ended March 31, 2026, subject to shareholder approval.

Operational Highlights

The Company’s volume growth was approximately 9%, higher than the industry trend. The mid-premium segment, which accounts for over 40% of the industry, saw significant traction. The brand Editions emerged as the Company’s second pan-India brand, while Total strengthened its position in the mid-premium segment. Heritage brands such as Charms, Special, and Moments continued to perform well in the value segment.

Strategic Developments

The Company successfully transitioned its production to a new integrated world-class manufacturing platform at Toopran. This facility is designed to enhance capital efficiency, improve product quality, and optimise costs. Digital transformation initiatives continued to gain momentum, fortifying the distribution network and increasing penetration in emerging geographies.

Corporate Governance

Pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company filed its Annual Report for the financial year ended March 31, 2026. The report includes the Notice of the 95th Annual General Meeting to be held on July 29, 2026.

VST Industries Limited has filed its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26, highlighting advancements in its environmental stewardship and social impact. The company reported that its green power mix reached 33% of overall plant consumption, supported by a 1.18 MW on-grid solar plant and additional solar street lighting installations. This energy transition contributed to a reduction of approximately 148 tonnes of CO2 emissions during the year through various efficiency measures and fuel substitution initiatives.

Environmental Performance

The company’s Toopran manufacturing unit continued to operate on a Zero Liquid Discharge (ZLD) basis, treating and reusing wastewater for gardening and landscaping. Across its locations, ten rainwater harvesting pits collected 65,626 kilolitres of rainwater. The firm also reported that 100% of its packaging is now reusable, recyclable, or biodegradable, aligning with its circular economy commitments.

Social Impact and CSR

VST Industries allocated ₹7.58 crore towards CSR activities during the financial year, with programmes focused on Rural Development, Health & Sanitation, Education & Sports, and Environment & Sustainability. These initiatives reached approximately 1 million beneficiaries. The company also maintained its focus on farmer welfare, achieving 100% mechanisation for field preparation and training 50% of contracted farmers on the safe use of agrochemicals.

Governance and Compliance

The Board of Directors oversees the implementation of business responsibility policies through the Corporate Social Responsibility Committee. The company confirmed compliance with all applicable environmental laws, including the Water and Air (Prevention and Control of Pollution) Acts. It holds ISO 45001:2018 and ISO 14001:2015 certifications for its manufacturing unit, reflecting its commitment to occupational health, safety, and environmental management standards.

Key Sustainability Metrics FY 2025-26

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE710A01016/9035e81c5f944958.pdf