VST Industries logs 19.7% yoy growth in PAT for Q4FY22; declares dividend of Rs140 per share

27 Apr 2022 , 09:19 AM

VST Industries Limited reported growth in quarterly profit during the Q4FY22. The company managed to withstand the inflationary pressure in Q4 and closed the financial year 2022 with growth in the overall turnover as well profit.

The overall turnover stood at Rs1,559 crore in the FY22, up 5.9% yoy as compared to FY21. The company’s PAT stood at Rs320 crore in FY22, up by 3% against the previous year.

The overall profit in Q4FY22 logged growth of 19.7% as against the previous corresponding quarter.

However, the sequential quarterly growth in turnover declined marginally yet profit in Q4FY22 jumped nearly 5.4% as compared to Q3FY22.

While the macroeconomic environment has been challenging and inflation has elevated considerably, the Company achieved an EBIT margin of 25% in the FY22 on the back of better operational efficiencies.

“Our revenue growth of 6% was mainly fuelled by a surge in volume base which demonstrates Inherent strengths of trademarks created in the last decade. During the year we introduced a new variant which is showing good commitment. As we fortify our brand portfolio with consumer-relevant value additions, our continuous focus is on penetration-led volume growth and geographic expansion” said Aditya Deb Gooptu Managing Director, VST Industries Limited.

The company has also declared a dividend of Rs140 per share subject to the shareholder’s approval.

At around 9.25 AM, VST Industries was trading at Rs3,256.20 per piece, up by Rs27.35 or 0.85% from its previous closing of Rs3,228.85 on the BSE. The scrip opened at Rs3,260.