VST Industries Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The company reported a strong year-on-year growth, with Cigarette Revenue increasing by 10.5% to ₹1101 crore for the nine-month period, compared to ₹996 crore in the same period last year. For the third quarter of FY26, Cigarette Revenue stood at ₹372 crore, up from ₹333 crore in Q3FY25. EBITDA for the nine months ended December 31, 2025, grew by 15.4% to ₹241 crore from ₹209 crore in the corresponding period of the previous fiscal. The EBITDA margin for the nine months improved to 24.0% from 20.0% in 9MFY25, and for the third quarter, it was 23.0% compared to 18.7% in Q3FY25. Profit after tax for the nine months was ₹175.6 crore, a decrease from ₹237.4 crore in 9MFY25, primarily due to an exceptional item of a net gain of ₹86.9 crore realized from the sale of immovable property in the prior year's comparable period. Excluding this exceptional item, Profit after Tax for the nine months showed a growth of 16.6% to ₹175.6 crore from ₹150.5 crore. Cigarette volume for the nine months increased by 10.6% to an average of 706 million per month (vs 640 million in 9MFY25). The company's Whole-Time Director, Sanjay Wali, commented that an improved brand portfolio supported by strong in-market execution has led to strong volume recovery. He also noted that while facing headwinds in the unmanufactured tobacco business, performance has improved over the last two quarters. The company's focus on digitization and efficient cost management has helped deliver high double-digit profit growth.
