However, revenue from operations (excluding excise duty) slipped 6.63% to Rs 336.12 crore in the quarter ended 30 September 2025.

Total expenses declined 5.05% to Rs 383.91 crore in Q2 FY26, compared with Rs 404.37 crore in Q2 FY25. Cost of materials consumed was at Rs 188.43 crore (down 6.52% YoY) and Employee benefits expense stood at Rs 31.79 crore (down 6.77% YoY) during the period under review.

Profit before tax rose 21.22% to Rs 78.41 crore in Q1 FY26 as against Rs 64.68 crore posted in the year-ago period.

On a half-yearly basis, the company’s consolidated net profit jumped 14.03% to Rs 115.34 crore, on a 6.94% decrease in revenue from operations to Rs 634.02 crore in H1 FY26 over H1 FY25.

VST Industries manufactures and distributes cigarettes and tobacco products.