VST Industries Q2FY23 net profit surges 15.4 pc YoY

VST delivered 22 percent Y-o-Y growth in sales, while the operating margin of the company stood at 21.1 percent despite inflationary pressures that increased overall expenses considerably.

The Earnings Per Share (EPS), a profitability measure, for Q2FY23 stood at Rs 59.7 as against Rs 51.7 for the corresponding quarter of the previous fiscal, up 15.4 percent.

VST Industries improved its turnover on a sequential basis as well.

In Q2 FY23, the total turnover was Rs 439 crore vs Rs 401 crore in Q1 FY23. This performance indicates that the recovery momentum that was generated in the previous quarter has sustained and is likely to gain pace in the next quarter, the company said.

“VST Industries has registered growth in top-line as well as bottom-line in a seasonally weak quarter that has impacted sales of many consumer facing firms. Continued retail inflation seems to have impacted consumer demand, but we remained firm on growth trajectory due to vibrant portfolio of
brands,” said Aditya Deb Gooptu Managing Director, VST Industries Limited.

The company said it launched a new variant under the TOTAL Family, T3, marking the entry of Total in the longer-size segment.

The new launch has been favourably received, it added.

Going ahead revenue as well as net profit will improve further on the back of effective working capital management, a well-entrenched distribution network, and a strong brand portfolio, VST Industries stated.