VST Industries Limited delivered exceptional financial performance for Q4FY26, showcasing remarkable operational efficiency improvements alongside strong revenue growth. The tobacco manufacturer's latest results demonstrate significant enhancement in profitability metrics and operational execution, driven by robust volume recovery and enhanced brand portfolio.

Outstanding EBITDA Performance

The company achieved exceptional operational performance in Q4FY26, with EBITDA metrics showing substantial improvement across all parameters.

Comprehensive Financial Performance

The company's quarterly performance demonstrated remarkable improvement across key financial metrics, reflecting strong market positioning and operational excellence.

Annual Performance Overview

For the full financial year FY26, VST Industries maintained consistent growth momentum with steady improvements in operational parameters.

Business Segment Performance

The company's cigarette business demonstrated strong performance with net cigarette revenue growing 25% to ₹1,151 crores compared to ₹921 crores. However, the unmanufactured tobacco segment faced challenges due to geopolitical instability in the Middle East, with revenue declining from ₹473 crores to ₹310 crores.

Management Commentary and Outlook

Commenting on the performance, Piyush Srivastava, Managing Director, stated: "In 2025, we achieved robust volume recovery supported by our enhanced brand portfolio and disciplined in-market execution. While geopolitical instability in the Middle East continues to weigh on our unmanufactured tobacco business, our productivity initiatives have delivered strong double-digit profit growth."

The management acknowledged challenges ahead due to extraordinary tax increases but remains focused on strengthening brand portfolio and in-market execution while maintaining commitment to creating superior value for consumers and stakeholders.

VST Industries Limited has submitted its quarterly compliance certificate to stock exchanges, fulfilling regulatory requirements under SEBI's dematerialization framework. The filing demonstrates the company's adherence to securities market regulations for the quarter ended March 31, 2026.

Regulatory Compliance Filing

On April 8, 2026, VST Industries Limited filed its certificate of compliance under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 with both BSE and NSE. The submission was made by Company Secretary and Vice President-Legal & Secretarial, Phani K. Mangipudi, ensuring timely regulatory compliance.

Registrar Confirmation

KFin Technologies Limited, acting as the company's Registrar and Share Transfer Agent, provided comprehensive confirmation of compliance on April 7, 2026. The registrar confirmed successful completion of all dematerialization-related obligations during the specified quarter.

Key compliance activities completed include:

• Submission of Demat Transfer Register for the period January 1, 2026 to March 31, 2026 to depositories
• Filing of required documents with stock exchanges where shares are listed
• Proper destruction and cancellation of physical securities received from Depository Participants after dematerialization within stipulated timeframes

Corporate Structure

The compliance certificate was signed by Veeda Raghunath, Senior Manager – Corporate Registry at KFin Technologies Limited. KFin Technologies operates from its Operations Centre in Hyderabad's Financial District and maintains its registered office in Mumbai.

This quarterly filing represents standard regulatory compliance in India's securities market framework, ensuring transparency in dematerialization processes and maintaining investor confidence through proper documentation and adherence to SEBI regulations.