| Metric | Value (₹ Cr) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 491.85 | 9.2% | 4.5% |
| Total Income | 500.91 | 8.3% | 4.7% |
| Expenditure | 419.82 | 9.3% | 1.6% |
| PBT | 81.09 | 3.4% | 51.0% |
| Net Profit | 60.23 | 1.7% | 55.8% |
| OPM | 17.47% | 0.01pp | |
| NPM | 12.02% | 0.79pp | 16.46pp |
| EPS | 3.55 | 1.7% | 55.7% |
VST Industries Ltd Reports Strong Year-on-Year Growth with Cigarette Revenue up 10.5%
29 Jan 2026 · 29 Jan, 3:17 pm
Summary
VST Industries Ltd, a company with a presence of over nine decades in the manufacture and distribution of cigarettes, reported its financial results for the quarter and nine months ended December 31, 2025. The company saw a 10.5% increase in cigarette revenue and a 15% increase in EBITDA. Despite headwinds in the unmanufactured tobacco business, the company's focus on digitization and cost management led to high double-digit profit growth.
Key Highlights
- 1
Cigarette Revenue up 10.5%
- 2
EBITDA up 15%
- 3
Strong fundamentals & market driven initiatives aiding a rebound in volume
- 4
Improved performance in unmanufactured tobacco business over the last two quarters
- 5
Focus on digitization and efficient cost management
- 6
High double digit profit growth
Management Comments
Sanjay Wali
Whole-Time Director
Our improved brand portfolio supported by strong in-market execution has led to strong volume recovery. Whilst we are still facing head winds in our unmanufactured tobacco business, we have witnessed improved performance over the last two quarters. This coupled with our focus on digitization and efficient cost management has helped us deliver high double digit profit growth.
Informational and educational content only. Not investment advice.