Cigarettes-Tobacco Products company VST Industries announced Q1FY24 results: Gross Revenue up 13% at Rs 441 crore in Q1FY24 vs Rs 389 crore in Q4FY23 PAT up 21.8% at Rs 83.7 crore in Q1FY24 vs Rs 68.7 crore in Q4FY23 Strong fundamentals & market-driven trade input aiding a rebound in volume & market share EBITDA of Rs 105.4 crore in Q1FY24 compared to Rs 82.1 crore in Q4FY23, up 28.3% QoQ Commenting on the performance of the company Aditya Deb Gooptu, Managing Director & CEO, said, “We are witnessing a gradual improvement in the operating environment on the back of steady demand and anticipate seeing stronger rural recovery as monsoon is expected to be in a normal range. Though key raw material prices continue to be abnormally high, we are rationalizing our cost structures and placing great emphasis on innovation and digitization, to continuously deliver superior value to both our consumers and stakeholders.” Result PDF
Tobacco products firm VST Industries announced Q3FY23 results: Q3FY23: VST Industries reported a 3.8% income growth, with total income at Rs 458 crore, as against Rs 441 crore in the corresponding period of the previous fiscal. PBT margins stood at 22.5% in Q3FY23. More than anticipated inflationary cost pressures in the current quarter have impacted the PBT margin. Net profit in 9MFY23 stood at Rs 258 crore, up by 10.8% vs the same period last year. Earning per Share (EPS) was at Rs 167.3 in 9MFY23, as against Rs 150.9 during the corresponding period a year ago. “The operating performance of VST in this quarter was impacted on account of global supply chain shortages in industry-specific raw materials. The company registered a top line of Rs 458 crore, which is in line with the income earned in the last few quarters,” said Aditya Deb Gooptu, Managing Director, VST Industries Limited. Result PDF