VST Industries has appointed Mr. Piyush Srivastava as Managing Director & CEO, effective March 2, 2026. The company also released its financial results for the nine months ended December 31, 2025, reporting a profit after tax of ₹175.57 million. Additionally, Price Waterhouse Chartered Accountants LLP is proposed as the new statutory auditor, replacing BSR & Associates, LLP.
Leadership Change
Mr. Piyush Srivastava (DIN: 10775803) has been appointed as an Additional Director and the Managing Director & Chief Executive Officer of VST Industries, effective March 2, 2026, for a term of five years. The appointment is subject to shareholder approval via postal ballot. Mr. Srivastava brings over 25 years of experience across FMCG and Alco-Beverage sectors, including leadership roles at Pernod Ricard and PepsiCo.
Financial Performance (Nine Months Ended December 2025)
VST Industries reported the following key figures for the nine months ended December 31, 2025:
- Revenue from Operations: ₹13,563.40 million
- Other Income: ₹31.82 million
- Total Income: ₹13,881.60 million
- Profit Before Tax: ₹235.49 million
- Total Tax Expense: ₹59.92 million
- Profit After Tax: ₹175.57 million
Basic and diluted earnings per share for the nine-month period stood at ₹10.34.
Auditor Appointment
Price Waterhouse Chartered Accountants LLP has been recommended for appointment as the new statutory auditor of the company, replacing BSR & Associates LLP, whose term is expiring. The appointment is subject to shareholder approval at the upcoming Annual General Meeting (AGM) and is for a term of five consecutive years.
Source: BSE
