VST Industries reported a strong financial performance for the year ended March 31, 2026. The company achieved a 25% increase in net cigarette revenue, reaching Rs. 1,151 crores, while EBITDA surged by 61% to Rs. 450 crores. Driven by enhanced brand portfolios and disciplined in-market execution, the company continues to focus on long-term value creation despite navigating significant tax changes and geopolitical challenges in the unmanufactured tobacco sector.
Fiscal Year Highlights
VST Industries has delivered a robust financial performance for the fiscal year 2026. The company reported a significant rise in its core business, with net cigarette revenue climbing to Rs. 1,151 crores, up from Rs. 921 crores in the previous year. This growth was complemented by a substantial improvement in profitability, with EBITDA reaching Rs. 450 crores, marking a 61% growth over the prior year’s Rs. 279 crores.
Operational Performance
The company saw positive momentum in cigarette volumes, which rose to 696 million units per month in FY26, up from 641 million in FY25. Managing Director Piyush Srivastava attributed this success to a combination of a strengthened brand portfolio and disciplined execution in the market. The Profit After Tax stood at Rs. 292.3 crores, reflecting the company’s resilient operational model.
Strategic Outlook
Despite the success, the company is preparing for a challenging year ahead due to extraordinary tax increases. The leadership noted that while the unmanufactured tobacco business faces headwinds from geopolitical instability in the Middle East, the organization remains focused on its core strengths. VST Industries continues its commitment to innovation, sustainability, and market expansion, leveraging its established presence of over nine decades to drive long-term value for stakeholders.
Source: BSE
