VST Industries Ltd

The agency has reaffirmed its 'Crisil A1+' rating on the short-term bank facility of the company. Crisil Ratings stated that the ratings continue to reflect the strong financial risk profile and established market position of VST. These strengths are partially offset by its small market share, regional concentration in revenue, moderation in operating profitability and susceptibility to regulatory changes in the tobacco industry. Revenues (net of excise) for fiscal 2025 remained flat at Rs 1398 crores as against Rs 1402 crores in fiscal 2024 driven by higher demand for unmanufactured tobacco amid global tobacco shortage. Cigarette sales have degrown (64% of overall revenues) owing to decline in demand for low priced cigarettes (below Rs 10). Operating margins moderated to 20.0% in fiscal 2025 from 24.9%in fiscal 2024 mainly due to higher share of low margin tobacco segment and increased tobacco crop prices. Over the near term, Crisil Ratings expects the operating margins are expected to remain at 20-21% due to elevated tobacco prices while the revenues are expected to grow at 4-5% driven by unmanufactured tobacco sales. The financial risk profile will remains strong, driven by the company's debt-free status and superior liquidity. VST manufactures and markets cigarettes and trades in unmanufactured tobacco. The company is an associate of British American Tobacco Plc, which holds 32.2% stake. The scrip rose 0.29% to currently trade at Rs 290.60 on the BSE. Powered by Capital Market - Live

Profit before tax tanked 41.83% to Rs 67.02 crore in the fourth quarter of 2025 as against Rs 115.21 crore posted in the year-ago period. Total expenses increased 1.66% to Rs 396.79 crore in Q4 FY25, compared with Rs 390.30 crore in Q4 FY24. The employee benefits expense was at Rs 32.42 crore (down 4.82% YoY), and other expenses stood at Rs 42.05 crore (down 16.63% YoY) during the period under review. On a full-year basis, the company's net profit declined 3.7% to Rs 290.40 crore on a 1.6% drop in revenue to Rs 1,394.55 crore in FY24 over FY23. Meanwhile, the board of directors has recommended a final dividend of Rs 10 per equity share. The dividend, if approved, will be paid within 30 days of the approval of the shareholders at the ensuing 94th Annual General Meeting. VST Industries manufactures and distributes cigarettes and tobacco products.Powered by Capital Market - Live

Motilal Oswal Financial Services Ltd, GMR Power & Urban Infra Ltd, Spandana Sphoorty Financial Ltd and Jyoti Structures Ltd are among the other losers in the BSE's 'A' group today, 25 April 2025.VST Industries Ltd tumbled 8.40% to Rs 303 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 2.28 lakh shares were traded on the counter so far as against the average daily volumes of 57750 shares in the past one month.Motilal Oswal Financial Services Ltd lost 8.38% to Rs 692.4. The stock was the second biggest loser in 'A' group.On the BSE, 3.6 lakh shares were traded on the counter so far as against the average daily volumes of 1.76 lakh shares in the past one month.GMR Power & Urban Infra Ltd crashed 7.81% to Rs 122.15. The stock was the third biggest loser in 'A' group.On the BSE, 8.03 lakh shares were traded on the counter so far as against the average daily volumes of 2.57 lakh shares in the past one month.Spandana Sphoorty Financial Ltd corrected 6.74% to Rs 295.5. The stock was the fourth biggest loser in 'A' group.On the BSE, 67094 shares were traded on the counter so far as against the average daily volumes of 52085 shares in the past one month.Jyoti Structures Ltd dropped 6.68% to Rs 20.25. The stock was the fifth biggest loser in 'A' group.On the BSE, 37.18 lakh shares were traded on the counter so far as against the average daily volumes of 17.27 lakh shares in the past one month.Powered by Capital Market - Live

VST Industries announced that the 94th Annual General Meeting(AGM) of the company will be held on 23 July 2025.Powered by Capital Market - Live

Net profit of VST Industries declined 39.91% to Rs 53.00 crore in the quarter ended March 2025 as against Rs 88.20 crore during the previous quarter ended March 2024. Sales declined 6.81% to Rs 348.64 crore in the quarter ended March 2025 as against Rs 374.13 crore during the previous quarter ended March 2024. For the full year,net profit declined 3.70% to Rs 290.40 crore in the year ended March 2025 as against Rs 301.57 crore during the previous year ended March 2024. Sales declined 1.60% to Rs 1394.55 crore in the year ended March 2025 as against Rs 1417.20 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales348.64374.13 -7 1394.551417.20 -2 OPM %19.9525.82 -19.9924.92 - PBDT79.37126.12 -37 313.61432.80 -28 PBT67.02115.21 -42 269.12394.69 -32 NP53.0088.20 -40 290.40301.57 -4 Powered by Capital Market - Live

VST Industries announced that the Board of Directors of the Company at its meeting held on 25 April 2025, has recommended a Final dividend of Rs.10 per share (i.e.100%), subject to the approval of the shareholders.Powered by Capital Market - Live

VST Industries will hold a meeting of the Board of Directors of the Company on 25 April 2025.Powered by Capital Market - Live

VST Industries (down 3.34%), Godfrey Philips India (down 4.71%) and ITC (down 1.08%) declined. As per media reports, the government is considering raising GST on cigarettes and other tobacco products once it stops charging the compensation cess. Cigarettes and smokeless tobacco products are classified as sin goods and currently face multiple taxes, including GST, excise duty, and the National Calamity Contingent Duty. Currently, the government is imposing 28% GST along with additional cess and other levies, on cigarettes and tobacco products, bringing the total tax burden to 53%. However, this tax rate is still below the 75% recommended by World Health Organization (WHO). One of the suggestions being explored is to raise the GST to the highest permissible 40% and top that with an additional excise duty. As per media reports, the tobacco and tobacco products, including cigarettes and pan masala, are a significant contributor to the governments' tax revenue.Powered by Capital Market - Live

Net profit of VST Industries rose 153.65% to Rs 136.26 crore in the quarter ended December 2024 as against Rs 53.72 crore during the previous quarter ended December 2023. Sales rose 1.24% to Rs 366.34 crore in the quarter ended December 2024 as against Rs 361.84 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales366.34361.84 1 OPM %18.6620.00 - PBDT76.2681.07 -6 PBT65.1471.02 -8 NP136.2653.72 154 Powered by Capital Market - Live

VST Industries will hold a meeting of the Board of Directors of the Company on 7 February 2025.Powered by Capital Market - Live