VST Industries has announced its financial results for the quarter and half year ended September 30, 2022.

NewsMania November 9, 2022

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VST Industries, a seasoned tobacco and cigarette manufacturer in India, has
announced its financial results for the quarter and half year ended September 30, 2022.
VST has delivered 22 per cent growth in sales and registered 15.4 per cent growth in net profit in the
quarter ended September. The operating margin of the company stood at 21.1 per cent despite
inflationary pressures that increased overall expenses considerably. The EPS for the quarter ended
September stood at Rs 59.7 as against Rs 51.7 for the corresponding quarter of the previous fiscal, a
growth of 15.4 per cent.
VST Industries improved its turnover on a sequential basis as well. In Q2 FY23, the total turnover was
Rs 439 crore vs Rs. 401 crore in Q1 FY23. This performance indicates that the recovery momentum
that was generated in the previous quarter has sustained and is likely to gain pace in the next quarter.
“VST Industries has registered growth in top-line as well as bottom-line in a seasonally weak quarter
that has impacted sales of many consumer facing firms. Continued retail inflation seems to have
impacted consumer demand, but we remained firm on growth trajectory due to vibrant portfolio of
brands” said Aditya Deb Gooptu Managing Director, VST Industries Limited.
VST launched a new variant under the TOTAL Family, T3, marking the entry of Total in the longer size
segment. The new launch has been favourably received. Going ahead revenue as well as net profit will
improve further on the back of effective working capital management, well entrenched distribution
network, and a strong brand portfolio.