VST Industries Ltd

Shares of VST Industries surged 10.16%, while Godfrey Phillips India rose 3.44% and ITC gained 1.15%, reflecting broad-based buying in cigarette stocks. VST Industries posted a sharp 120.16% YoY jump in standalone net profit to Rs 116.69 crore in Q4 FY26, compared with Rs 53 crore in Q4 FY25. Revenue from operations, excluding excise duty, rose 31.09% YoY to Rs 457.06 crore. Profit before tax surged 130.60% YoY to Rs 154.55 crore, while EBITDA jumped 197.14% to Rs 208 crore. EBITDA margin expanded significantly to 30.3% from 15.3% a year ago, indicating strong operating leverage. On the cost front, total expenses increased 37.18% YoY to Rs 544.34 crore. Employee benefit expenses rose 16.16% YoY to Rs 37.66 crore, while cost of materials consumed declined 31.91% YoY to Rs 137.38 crore. Management highlighted robust volume recovery driven by an improved brand portfolio and execution. However, it flagged geopolitical challenges in the Middle East impacting the unmanufactured tobacco business and cautioned about a tough year ahead due to steep tax increases. The strong earnings momentum at VST Industries lifted sentiment across cigarette stocks, with investors betting on improved profitability in the sector.

Revenue from operations (excluding excise duty) jumped 31.09% YoY to Rs 457.06 crore in the quarter ended 31 March 2026. Total expenses rose 37.18% YoY to Rs 544.34 crore in Q4 FY26, compared with Rs 396.79 crore in Q4 FY25. Cost of materials consumed stood at Rs 137.38 crore (down 31.91% YoY), while employee benefits expense increased 16.16% YoY to Rs 37.66 crore during the period under review. Profit before tax rallied 130.60% YoY to Rs 154.55 crore in Q4 FY26, as against Rs 67.02 crore in the year-ago period. EBITDA jumped 197.14% to Rs 208 crore in Q4 FY26 from Rs 70 crore in Q4 FY25. EBITDA margin improved to 30.3% in Q4 FY26, compared with 15.3% in Q4 FY25. Piyush Srivastava, managing director (MD), said, '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 sirong double-digit profit growth. Given the extraordinary tax increases, a challenging year awaits us. We will remain focused on strengthening our brand portfolio and in-market execution. We remain steadfast in our commitment to creating superior value for consumers and stakeholders. The board of directors recommended a final dividend of Rs 12 per equity share of face value Rs 10 each for the financial year. The dividend will be paid within 30 days after shareholders approve it at the 95th Annual General Meeting, which is scheduled for July 29, 2026. The record date to determine eligible shareholders is July 10, 2026. VST Industries is engaged inter-alia in manufacture and trading of Cigarettes, Tobacco and Tobacco products.

VST Industries Ltd gained 16.04% today to trade at Rs 280.35. The BSE Fast Moving Consumer Goods index is up 0.8% to quote at 18066.89. The index is up 2.28 % over last one month. Among the other constituents of the index, Linc Ltd increased 7.13% and Godfrey Phillips India Ltd added 6.32% on the day. The BSE Fast Moving Consumer Goods index went down 12.12 % over last one year compared to the 0.6% fall in benchmark SENSEX. VST Industries Ltd has added 23.8% over last one month compared to 2.28% gain in BSE Fast Moving Consumer Goods index and 1.8% rise in the SENSEX. On the BSE, 1.83 lakh shares were traded in the counter so far compared with average daily volumes of 20673 shares in the past one month. The stock hit a record high of Rs 349.95 on 22 Apr 2025. The stock hit a 52-week low of Rs 199.7 on 30 Mar 2026.

VST Industries announced that the 95th Annual General Meeting(AGM) of the company will be held on 29 July 2026.

VST Industries announced that the Board of Directors of the Company at its meeting held on 16 April 2026, inter alia, have recommended the final dividend of Rs 12 per equity Share (i.e. 120%) , subject to the approval of the shareholders.

Net profit of VST Industries rose 120.17% to Rs 116.69 crore in the quarter ended March 2026 as against Rs 53.00 crore during the previous quarter ended March 2025. Sales rose 30.95% to Rs 456.54 crore in the quarter ended March 2026 as against Rs 348.64 crore during the previous quarter ended March 2025. For the full year,net profit rose 0.64% to Rs 292.26 crore in the year ended March 2026 as against Rs 290.40 crore during the previous year ended March 2025. Sales rose 4.75% to Rs 1460.74 crore in the year ended March 2026 as against Rs 1394.55 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales456.54348.64 31 1460.741394.55 5 OPM %45.6519.95 -30.8019.99 - PBDT217.9179.37 175 491.20313.61 57 PBT154.5567.02 131 390.04269.12 45 NP116.6953.00 120 292.26290.40 1 Powered by Capital Market - Live

VST Industries will hold a meeting of the Board of Directors of the Company on 16 April 2026.

VST Industries announced that Sanjay Wali (DIN : 10868596), Whole-time Director of the Company, has tendered his resignation with effect from the beginning of 2 March 2026 due to personal reasons.Powered by Capital Market - Live

Against this backdrop, VST Industries fell 1.76%, ITC declined 2.34%, while Godfrey Phillips India slid 5.29%, as investors reacted to higher prices triggered by the revised tax structure. From February 2026, cigarettes and tobacco products will attract additional excise duty and cess over and above the highest 40% GST slab, replacing the earlier regime of 28% GST plus compensation cess. The Central Excise Act has also been amended to impose a per-stick excise duty on cigarettes, with rates linked to cigarette length. According to media reports, the cost of a pack of 10 cigarettes has increased by around Rs 22-Rs 25, while premium 76 mm cigarettes are expected to cost Rs 50-Rs 55 more per pack. Revised maximum retail prices are likely to take effect from February 2 as fresh stock with updated MRPs reaches wholesale markets. Powered by Capital Market - Live

Revenue from operations (excluding excise duty) declined 1.71% YoY to Rs 373.45 crore in the quarter ended 31 December 2025. Total expenses rose 1.57% YoY to Rs 419.82 crore in Q3 FY26, compared with Rs 413.30 crore in Q3 FY25. Cost of materials consumed stood at Rs 212.07 crore (down 6.09% YoY), while employee benefits expense increased 2.41% YoY to Rs 36.43 crore during the period under review. Profit before tax tumbled 51.04% YoY to Rs 81.09 crore in Q3 FY26, as against Rs 165.63 crore in the year-ago period. EBITDA jumped 26.47% to Rs 86 crore in Q3 FY26 from Rs 68 crore in Q3 FY25. EBITDA margin improved to 23% in Q3 FY26, compared with 18.7% in Q3 FY25. On a nine-month basis, the company's standalone net profit fell 26.04% YoY to Rs 175.57 crore in 9M FY26, while revenue from operations slipped 3.91% YoY to Rs 1,007.47 crore. Meanwhile, based on the recommendation of the Nomination and Remuneration Committee, the board approved the appointment of Piyush Srivastava as an additional director and as managing director & chief executive officer of the company, designated as a Key Managerial Personnel, for a period of five years with effect from 2 March 2026. The appointment is subject to shareholders' approval through a postal ballot, notice of which will be issued in due course. VST Industries manufactures and distributes cigarettes and tobacco products. The counter rose 0.45% to Rs 235.55 on the BSE. Powered by Capital Market - Live