VST Industries Faces Potential Impact as Government Proposes 40% GST on Sin Products
The Indian government has proposed increasing the GST rate to 40% for sin products, which could significantly impact VST Industries, a major tobacco company. This tax hike may lead to increased product prices, affecting consumer demand and potentially altering VST Industries' market position and revenue streams. The proposal would affect the entire sin products sector, including other tobacco companies and possibly alcohol and certain snack foods industries. The implementation of this change is still under consideration and would require further discussion and formal approval.
22Jul 25
VST Industries Reports Strong Sequential Growth in Q1 with 10% Revenue and EBITDA Increase
VST Industries experienced significant sequential growth in Q1, with gross cigarette revenue rising 10% to Rs. 371.00 crores. EBITDA also grew by 10% to Rs. 77.00 crores. The company saw a 10.4% quarter-on-quarter increase in average monthly cigarette volume to 714 million sticks. EBITDA margin improved to 26.00% from 19.90%. Profit after tax increased by 5.8% to Rs. 56.10 crores. However, the unmanufactured tobacco segment faced challenges with revenue declining to Rs. 41.00 crores from Rs. 116.00 crores in the previous quarter.
25Apr 25
VST Industries Reports 40% Drop in Q4 Profit, Announces Board Changes
VST Industries, an Indian tobacco company, reported a 40% year-on-year decline in Q4 net profit to ₹53.00 crore, with revenue falling 6.9% to ₹349.00 crore. For FY 2024-25, net profit decreased by 3.70% to ₹290.40 crore. The company announced a final dividend of ₹10.00 per equity share and significant changes to its board, including the appointment of new directors and the departure of the current Managing Director & CEO. Despite challenges, the company reported an exceptional item of ₹100.49 crores from property sale.
12Mar 25
SBI Mutual Fund Trims Stake in VST Industries, Reduces Holding to 3.69%
SBI Mutual Fund has decreased its stake in VST Industries from 5.7029% to 3.69% by selling 65,705 shares. The transaction was completed on March 10, 2025, resulting in a 2.0129% reduction in SBI Mutual Fund's ownership of VST Industries' paid-up share capital.