VST Industries
227.10
-1.56(-0.68%)
Market Cap₹3,857.55 Cr
PE Ratio16.97
Company Performance:
1D-0.68%
1M+1.29%
6M-12.23%
1Y-17.03%
5Y-24.80%
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More news about VST Industries
04Mar 26
VST Industries Issues Postal Ballot Notice for Managing Director Appointment
VST Industries Limited has issued a postal ballot notice seeking shareholder approval for Mr. Piyush Srivastava's appointment as Managing Director & CEO for five years from March 2, 2026. The Board approved his appointment as Additional Director on January 29, 2026, subject to member regularisation. E-voting runs from March 5-April 3, 2026, with results by April 5. Mr. Srivastava brings 25+ years of FMCG experience from Pernod Ricard, PepsiCo, and Marico, with proposed monthly salary of ₹13,75,000 plus performance incentives.
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02Mar 26
VST Industries Announces Resignation of Whole-time Director Sanjay Wali
VST Industries Limited announced the resignation of Mr. Sanjay Wali from his position as Director and Whole-time Director, effective March 2nd, 2026, due to personal reasons. His departure also ends his memberships in the Stakeholders Relationship Committee, CSR Committee, and Risk Management Committee. The Board accepted his resignation on March 2nd, 2026, and approved his continuation as special advisor to the Managing Director for a mutually agreed period to ensure smooth transition.
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29Jan 26
VST Industries Reports Q3FY26 Results, Appoints New MD & CEO Piyush Srivastava
VST Industries Limited reported Q3FY26 revenue of ₹49,137 lakhs and net profit of ₹6,023 lakhs, with nine-month revenue at ₹135,307 lakhs. The Board appointed Mr. Piyush Srivastava as Managing Director & CEO for five years from March 2, 2026, subject to shareholder approval. The company also recommended Price Waterhouse Chartered Accountants LLP as new statutory auditors, replacing BSR & Associates LLP whose term expires at the 95th AGM.
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19Jan 26
VST Industries Appoints Saurabh Grover as Vice President-Sales & Marketing
VST Industries Limited has announced the appointment of Mr. Saurabh Grover as Vice President-Sales & Marketing, effective January 19, 2026, approved by the Board of Directors. Grover brings over 24 years of extensive experience in P&L management, sales, marketing, and innovation across leading FMCG and beverage companies including Diageo, Britannia Industries, Marico, PepsiCo (Frito-Lay), General Mills, and Eveready, with geographic expertise spanning India, Southeast Asia, and Africa.
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25Nov 25
Government Explores Alternatives to Tobacco Compensation Cess, Potential Impact on Tobacco Industry
The Indian government is exploring alternatives to replace the existing compensation cess on tobacco products, with plans to potentially introduce a new levy in Budget 2026. This move could impact tobacco companies like Godfrey Phillips India Ltd and VST Industries, potentially affecting their tax burden, pricing strategies, and operational costs. The industry may see shifts in market dynamics, consumer behavior, and a renewed focus on operational efficiency.
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29Oct 25
VST Industries Reports Q2 Profit Surge Despite Revenue Dip
VST Industries, a tobacco industry player, released Q2 financial results showing mixed performance. Net profit increased by 24.47% to ₹592.00 million, despite a 2.39% revenue decline to ₹4,500.00 million. EBITDA rose 16.25% to ₹786.00 million, with EBITDA margin improving to 17.46% from 14.66%. The company demonstrated enhanced operational efficiency and cost management, offsetting the slight revenue decrease. These unaudited results were approved by the board of directors.
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17Sept 25
VST Industries Wins Tax Appeal: Rs 2.5 Crore Demand Dropped by Chhattisgarh Authorities
VST Industries Limited has received a favorable ruling in a tax dispute with Chhattisgarh authorities. The Joint Commissioner of State Tax Raipur Division-1 has fully withdrawn a tax demand of Rs 2.50 crore. The case involved alleged discrepancies in Input Tax Credit claims. The order, passed on September 16, 2025, nullifies the tax demand initially raised through a Show Cause Notice issued on January 31, 2024. VST Industries stated that the withdrawal of the tax demand would have no financial impact on the company.
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21Aug 25
VST Industries Faces Potential Impact as Bengal Minister Proposes Higher GST on Tobacco Products
A Bengal Minister has proposed an increase in GST on tobacco and pan masala products, which could significantly impact VST Industries, a major player in the Indian tobacco sector. This potential tax hike may lead to increased product prices, reduced demand, and pressure on profit margins for the company. The proposal aligns with government efforts to discourage tobacco consumption and increase revenue, affecting the entire tobacco industry. VST Industries and stakeholders are likely to closely monitor these developments.
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18Aug 25
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.
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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.
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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.
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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.
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VST Industries
227.10
-1.56
(-0.68%)
1 Year Returns:-17.03%
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