VST Industries Ltd. News and Updates

Name: Latest research reports of VST Industries Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: VST Industries Ltd.
Rating: 5
Author: ICICI Securities Limited

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VST Industries Ltd.

29 Jul 2019

289.65

0.68%

VST Industries

Buy: VST Industries Ltd.

Recommendation Target

ICICI Securities Limited

Dealer stocking before Union Budget leads to increased sales With 20% volume growth during the quarter, the company posted one of the strongest quarters in the last five years. However, strong volumes have been led by dealer stocking of a week of additional inventories before the Budget in anticipation of introduction of excise duty. We believe Q2FY20 would witness moderation in volume growth with correction in inventory at the dealer level. In the last two years, the company has changed its product mix in favour of | 5-6 price point, which now accounts of 60% of the...

VST Industries Ltd. is trading below its 100 day SMA of 297.7

VST Industries Ltd.

07 May 2019

289.65

0.68%

VST Industries

Hold: VST Industries Ltd.

Recommendation Target

ICICI Securities Limited

With stable taxation post July 2017, cigarette companies are seeing strong volume growth. VST's cigarettes volume growth has been ~8% in FY19. Moreover, ITC's selective price hike in 64, 69 mm categories has provided further manoeuvrability to VST to increase prices. Moreover, it is steadily increasing its product mix in favour of high priced | 6 & | 10 cigarettes. Currently, Edition' & Total' contribute 20% of volumes. We expect volume growth of 4% each in FY20E, FY21E, respectively, driven by a favourable product mix towards high priced cigarettes (69 mm & above category). We...

Number of FII/FPI investors decreased from 97 to 87 in Mar 2025 qtr

VST Industries Ltd.

06 May 2019

289.65

0.68%

VST Industries

Buy: VST Industries Ltd.

Target

ICICI Securities Limited

VST Industries Ltd. is trading above its 50 day SMA of 276.9

VST Industries Ltd.

25 Jan 2019

289.65

0.68%

VST Industries

Buy: VST Industries Ltd.

ICICI Securities Limited

Revenue (net of GST) for the quarter increased 22.9% YoY to | 315.4 crore, above our estimate of | 303.1 crore. Cigarette sales increased 25% to | 245 crore led by 8% volume growth and a change in product mix. Contribution of higher priced cigarettes to volumes has increased from 20% to ~27% during the quarter. The company has not taken any material price increase during the quarter. Tobacco sales increased 16.6% to | 70 crore in Q3FY19 The sales volume contribution of 64 mm category was 40% whereas...

VST Industries Ltd. is trading above its 50 day SMA of 276.9

VST Industries Ltd.

05 Nov 2018

289.65

0.68%

VST Industries

Buy: VST Industries Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenue (net of excise duty and GST) increased 32% YoY to | 290.2 crore. Volumes increased in excess of 10% aided by the low base in Q2FY18 & stable taxation on cigarettes in the last year. Base quarter was muted with 1% decline in cigarette volume after steep GST increase in July 2017. This, coupled with a change in product mix towards premium priced cigarettes, has aided topline. In Q2FY19E, 64 mm category contributed 40% of volumes whereas 69 mm & King...

Number of FII/FPI investors decreased from 97 to 87 in Mar 2025 qtr

VST Industries Ltd.

23 Jul 2018

289.65

0.68%

VST Industries

Buy: VST Industries Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research VST Industries reported strong revenue growth of 25.5% to | 263.1 crore on a YoY basis with the cigarettes and tobacco segment contributing | 227.6 and | 35 crore to revenues. Cigarette volumes grew ~8-9% during the quarter. The contribution of 64 mm & 69 mm and above category cigarettes to the topline was in the ratio of 45:55,...

Number of FII/FPI investors decreased from 97 to 87 in Mar 2025 qtr

VST Industries Ltd.

13 Apr 2018

289.65

0.68%

VST Industries

Buy: VST Industries Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research VST Industries reported strong revenue growth of 26.5% to | 279.1 crore on a comparable basis with cigarettes and tobacco segments contributing | 209.6 crore and | 90 crore to revenues, respectively. Cigarette volumes were flat during the quarter and for FY18. The contribution of 64 mm and 69 mm category cigarettes to the topline was in the ratio of 50:50. Premium brands Total and Edition contributed 20% to overall volumes...

Number of FII/FPI investors decreased from 97 to 87 in Mar 2025 qtr

VST Industries Ltd.

22 Jan 2018

289.65

0.68%

VST Industries

Buy: VST Industries Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research VST industries reported a revenue growth of 2.1% to | 238.7 crore on a comparable basis with cigarettes and toabacco segment contributing | 196.7 and |60 crore to the revenues. Cigarettes volumes witnessed a growth of ~2% during the quarter however remained flat for 9mFY18. The contribution of 64 mm category cigarettes was 50% compared to 57% in the corresponding quarter. The premium brands Total & Edition' contributes 20% to the volume....

Number of FII/FPI investors decreased from 97 to 87 in Mar 2025 qtr

VST Industries Ltd.

01 Nov 2017

289.65

0.68%

VST Industries

Buy: VST Industries Ltd.

Recommendation Target

ICICI Securities Limited

VST Industries reported strong numbers on operating & profitability fronts. Net revenue (net of excise duty for historical quarters and estimates) for the quarter declined marginally by 1.3% YoY to | 219.7 crore due to pressure on volume, against our estimate of | 256.4 crore. Revenue from unmanufactured tobacco remained flat on YoY basis at | 54 crores. Cigarette volumes were down ~1% for H1FY18; < 64 mm cigarettes contributed 54% to the revenue and rest was > 64 mm (Total contributed 15% and Edition less than 5%)...

VST Industries Ltd. is trading below its 100 day SMA of 297.7

VST Industries Ltd.

07 Aug 2017

289.65

0.68%

VST Industries Ltd: Revenue Impacted Due to De-stocking Ahea... (Aug 07, 2017)

Buy: VST Industries Ltd.

Target

Karvy

Subdued Quarterly Earnings: VST Industries Limited has registered moderation in its earnings wherein Q1FY18 revenue of Rs.5622 Mn slumped by 4.2% on YoY basis and 1.0% on QoQ basis.

VST Industries Ltd. is trading below its 100 day SMA of 297.7

Is VST Industries Ltd. worth buying?

557 Votes:

Buy 75.58%

Sell 10.23%

Hold 14.18%