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VST Industries Limited Q2 FY26 results press release summary

NSE: VSTIND · BSE: 509966

Results press release of 29 Oct 2025, summarised by AI from the filing.

VST Industries Q2 FY26: cigarette revenue up 9.8% to ₹358 cr, EBITDA up 10.4% to ₹79 cr, PAT up 14.0% to ₹59.2 cr.

Key takeaways

  1. Guidance No forward guidance was provided in the press release.
  2. Change Cigarette volume recovered to 695 mn average per month in Q2 FY26 from 632 mn in Q2 FY25.
  3. Driver Portfolio enhancement and superior micro market execution drove volume recovery; cost initiatives and digitization aided profit growth.
  4. Risk Unmanufactured tobacco operates in a volatile global environment.

Original filing on BSE

VST Industries Limited Q1 FY27 results

As filed: Revenue ₹862 cr (+108% year on year), EBITDA ₹49.7 cr (−35% year on year), PAT ₹42.4 cr (−24% year on year), EBITDA margin 5.8% (−1,000 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹689 cr (+52% year on year), EBITDA ₹208 cr (+202% year on year), PAT ₹117 cr (+120% year on year), EBITDA margin 30.2% (+1,000 bps). Score 100 of 100, Above trend. Revenue, EBITDA and profit growth were well above the company's own trend. EBITDA margin rose 1000 bps year on year. Revenue grew on the previous quarter, against its usual seasonal pattern. Share price after the results: +7.7% in 29 days (Nifty 500: −0.6%).
  • Q3 FY26: Revenue ₹492 cr (+4% year on year), EBITDA ₹85.9 cr (+25% year on year), PAT ₹60.2 cr (−56% year on year), EBITDA margin 17.5% (+282 bps). Score 58 of 100, In line with trend. Revenue growth was in line with the company's own trend; EBITDA growth was well above it; profit growth was below it. EBITDA margin rose 282 bps year on year. Share price after the results: +1.5% in 29 days (Nifty 500: +0.4%).
  • Q2 FY26: Revenue ₹450 cr (−2% year on year), EBITDA ₹78.0 cr (+15% year on year), PAT ₹59.0 cr (+23% year on year), EBITDA margin 17.3% (+258 bps). Score 57 of 100, In line with trend. Revenue growth was below the company's own trend; EBITDA growth was above it; profit growth was in line with it. EBITDA margin rose 258 bps year on year. Share price after the results: −1.5% in 30 days (Nifty 500: −0.1%).
  • Q1 FY26: Revenue ₹414 cr (−2% year on year), EBITDA ₹77.0 cr (+5% year on year), PAT ₹56.0 cr (+4% year on year), EBITDA margin 18.6% (+138 bps). Score 52 of 100, In line with trend. Revenue growth was below the company's own trend; EBITDA growth was above it; profit growth was in line with it. EBITDA margin rose 138 bps year on year. Revenue fell 9% from last quarter. Share price after the results: −3.8% in 30 days (Nifty 500: −1.0%).
  • Q4 FY25: Revenue ₹454 cr (−5% year on year), EBITDA ₹69.0 cr (−28% year on year), PAT ₹53.0 cr (−40% year on year), EBITDA margin 15.2% (−497 bps). Score 28 of 100, Below trend. Revenue and profit growth were below the company's own trend; EBITDA growth was well below it. EBITDA margin fell 497 bps year on year. Revenue fell 4% from last quarter. Share price after the results: −12.7% in 28 days (Nifty 500: +2.7%).
  • Q3 FY25: Revenue ₹471 cr (+1% year on year), EBITDA ₹69.0 cr (−4% year on year), PAT ₹136 cr (−7% year on year), EBITDA margin 14.7% (−73 bps). Score 47 of 100, In line with trend. Revenue growth was below the company's own trend; EBITDA and profit before exceptional items growth were in line with it. EBITDA margin fell 73 bps year on year.
  • Q2 FY25: Revenue ₹461 cr (+2% year on year), EBITDA ₹68.0 cr (−14% year on year), PAT ₹48.0 cr (−37% year on year), EBITDA margin 14.8% (−273 bps). Score 19 of 100, Below trend. EBITDA margin fell 273 bps year on year. Not enough history for a trend yet: scored on growth alone. Profit fell 11% from last quarter.

Past price moves after results do not indicate future moves. Not a recommendation.

VST Industries Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.