VST Industries quarterly results

Q2 FY27 · Jul–Sep 2026

₹ crore	Q2 FY27	Q2 FY26	Change
Revenue	844	450	+87.4%
EBITDA	43.2	78.6	−45.0%
EBITDA margin	5.1%	17.5%	−12.3 pts
Profit before tax	53.3	78.4	−32.0%
Net profit	41.0	59.2	−30.7%
EPS	₹2.41	₹3.49	−30.9%

Every quarter

₹ crore except per share

Tap a line for its trend	Q2 FY27Sep 2026	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024	Q3 FY24Dec 2023	Earlier quartersAlpha Plus

Expenses
	844	862	689	492	450	414	454	471	461	424	476	468	Earlier quartersEvery year the company has filed comes with Alpha Plus.
	20.9	19.8	9.5	9.1	12.0	10.8	9.8	7.9	8.0	9.1	29.5	8.7
	865	881	699	501	462	425	464	478	469	433	506	477
	122	123	137	212	188	146	202	226	202	157	203	216
	4.5	−0.7	16.5	−6.5	−7.5	−0.5	3.4	−8.1	4.0	11.1	−8.8	−4.7
	34.0	35.8	37.7	36.4	31.8	33.4	32.4	35.6	34.1	36.2	34.1	33.6
	10.8	11.2	63.4	13.9	12.2	11.8	12.4	11.1	10.9	10.1	10.9	10.1
	640	654	289	164	159	159	147	149	154	146	151	151
	812	823	544	420	384	349	397	413	404	361	390	406
	43.2	49.7	208	85.9	78.6	76.9	69.5	68.4	67.6	73.3	96.6	72.4
	32.4	38.5	145	72.0	66.5	65.2	57.2	57.3	56.7	63.2	85.7	62.3
Profit
	53.3	58.3	155	81.1	78.4	76.0	67.0	65.1	64.7	72.3	115	71.0
	0.0	0.0	0.0	0.0	0.0	0.0	0.0	100	0.0	0.0	0.0	0.0
	53.3	58.3	155	81.1	78.4	76.0	67.0	166	64.7	72.3	115	71.0
	11.2	13.9	63.9	19.3	21.5	18.5	14.6	29.8	19.6	18.6	19.9	16.9
	1.1	1.9	−26.1	1.5	−2.3	1.4	−0.6	−0.5	−2.4	0.1	7.1	0.5
	12.3	15.9	37.9	20.9	19.2	19.9	14.0	29.4	17.1	18.7	27.0	17.3
	41.0	42.4	117	60.2	59.2	56.1	53.0	136	47.6	53.6	88.2	53.7
	41.0	42.4	117	60.2	59.2	56.1	53.0	136	47.6	53.6	88.2	53.7
	0.1	0.3	0.4	0.1	−0.8	0.6	0.9	−0.5	0.1	0.3	0.9	0.3
	41.1	42.7	117	60.3	58.4	56.7	53.9	136	47.7	53.9	89.1	54.0
Per share
	₹2.41	₹2.50	₹6.87	₹3.55	₹3.49	₹3.30	₹3.13	₹8.02	₹2.80	₹34.70	₹57.11	₹34.80
	₹2.41	₹2.50	₹6.87	₹3.55	₹3.49	₹0.00	₹3.13	₹8.02	₹0.00	₹34.70	₹57.11	₹34.80
Other comprehensive income — detail
	0.1	0.3	0.4	0.1	−0.8	0.6	0.9	—	—	—	—	—
	—	0.4	1.4	0.0	−0.1	0.5	0.8	−0.1	0.4	0.5	0.9	0.3
	—	0.0	0.3	0.0	0.2	0.1	0.2	—	—	—	—	—
	—	—	—	—	—	—	—	−0.1	0.1	0.2	−0.1	0.0
	0.1	−0.1	−0.8	−0.0	−0.8	0.2	0.4	−0.5	−0.2	0.1	−0.1	0.0
	0.0	0.0	−0.2	−0.1	−0.2	0.0	0.1	—	—	—	—	—
	—	—	—	—	—	—	—	−0.1	−0.0	0.0	0.0	0.0
Per share — as-filed variants
	₹2.41	₹2.50	₹6.87	₹3.55	₹3.49	₹3.30	₹3.13	₹8.02	₹2.80	₹34.70	₹57.11	₹34.80
	₹2.41	₹2.50	₹6.87	₹3.55	₹3.49	₹0.00	₹3.13	₹8.02	₹0.00	₹34.70	₹57.11	₹34.80
Regulatory disclosures — filed alongside, not part of the P&L
	134	—	15.7	—	112	—	10.1	—	—	—	—	—
Derived — gross profit (revenue − materials − purchases − Δ inventories)
	717	740	536	286	269	269	249	253	255	256	282	257
	85.0%	85.8%	77.7%	58.2%	59.8%	64.9%	54.8%	53.7%	55.4%	60.3%	59.2%	54.9%
Adjusted (ex-exceptional items) — derived
	53.3	58.3	155	81.1	78.4	76.0	67.0	65.1	64.7	72.3	115	71.0
	0.0	0.0	0.0	0.0	0.0	0.0	0.0	100	0.0	0.0	0.0	0.0
	41.0	42.4	117	60.2	59.2	56.1	53.0	53.6	47.6	53.6	88.2	53.7
	₹2.41	₹2.50	₹6.87	₹3.55	₹3.49	₹3.30	₹3.13	₹3.15	₹2.80	₹34.70	₹57.11	₹34.80

Open the chart

From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.

alphave

VSTIND₹189.41

VST Industries Limited

· FMCG & Retail

Annual Quarterly₹ CrorePeersELITECONMcap ₹3,217 Cr

View

In ₹ Crore except Per Share 3 Months Ending	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations	468.4	476.0	423.9	461.0	470.6	454.0	414.1	450.4	491.9	689.4	861.7	844.1
Other Income	8.7	29.5	9.1	8.0	7.9	9.8	10.8	12.0	9.1	9.5	19.8	20.9
Total Income	477.1	505.5	432.9	469.1	478.4	463.8	424.9	462.3	500.9	698.9	881.5	864.9
Expenses
+ Cost of Materials Consumed	216.1	202.8	157.1	201.6	225.8	201.8	145.6	188.4	212.1	137.4	122.8	122.4
+ Changes in Inventories	-4.7	-8.8	11.1	4.0	-8.1	3.4	-0.5	-7.5	-6.5	16.5	-0.7	4.5
+ Employee Benefit Expense	33.6	34.1	36.2	34.1	35.6	32.4	33.4	31.8	36.4	37.7	35.8	34.0
+ Depreciation & Amortisation	10.1	10.9	10.1	10.9	11.1	12.4	11.8	12.2	13.9	63.4	11.2	10.8
+ Other Expenses	151.0	151.4	146.2	153.7	148.9	146.8	158.7	159.1	164.0	289.4	654.1	639.9
Total Expenses	406.1	390.3	360.7	404.4	413.3	396.8	348.9	383.9	419.8	544.3	823.2	811.6
EBITDA	72.4	96.6	73.3	67.6	68.4	69.5	76.9	78.6	85.9	208.4	49.7	43.2
EBIT	62.3	85.7	63.2	56.7	57.3	57.2	65.2	66.5	72.0	145.1	38.5	32.4
Profit
PBT before Exceptional Items	71.0	115.2	72.3	64.7	65.1	67.0	76.0	78.4	81.1	154.6	58.3	53.3
+ Exceptional Items	0.0	0.0	0.0	0.0	100.5	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Pretax Income	71.0	115.2	72.3	64.7	165.6	67.0	76.0	78.4	81.1	154.6	58.3	53.3
+ Current Tax	16.9	19.9	18.6	19.6	29.8	14.6	18.5	21.5	19.3	63.9	13.9	11.2
+ Deferred Tax	0.5	7.1	0.1	-2.4	-0.5	-0.6	1.4	-2.3	1.5	-26.1	1.9	1.1
Tax Expense	17.3	27.0	18.7	17.1	29.4	14.0	19.9	19.2	20.9	37.9	15.9	12.3
Net Income	53.7	88.2	53.6	47.6	136.3	53.0	56.1	59.2	60.2	116.7	42.4	41.0
+ Net Income — Continuing Ops	53.7	88.2	53.6	47.6	136.3	53.0	56.1	59.2	60.2	116.7	42.4	41.0
+ Other Comprehensive Income	0.3	0.9	0.3	0.1	-0.5	0.9	0.6	-0.8	0.1	0.4	0.3	0.1
Total Comprehensive Income	54.0	89.1	53.9	47.7	135.8	53.9	56.7	58.4	60.3	117.1	42.7	41.1
Per Share
Basic EPS	34.80	57.11	34.70	2.80	8.02	3.13	3.30	3.49	3.55	6.87	2.50	2.41
Diluted EPS	34.80	57.11	34.70	0.00	8.02	3.13	0.00	3.49	3.55	6.87	2.50	2.41
Other Comprehensive Income — detail
+ Other Comprehensive Income	—	—	—	—	—	0.9	0.6	-0.8	0.1	0.4	0.3	0.1
+ Items NOT to be Reclassified to P&L	0.3	0.9	0.5	0.4	-0.1	0.8	0.5	-0.1	0.0	1.4	0.4	—
+ Tax on Items NOT to be Reclassified	—	—	—	—	—	0.2	0.1	0.2	0.0	0.3	0.0	—
+ Tax on Items NOT to be Reclassified — alt tag	0.0	-0.1	0.2	0.1	-0.1	—	—	—	—	—	—	—
+ Items to be Reclassified to P&L	0.0	-0.1	0.1	-0.2	-0.5	0.4	0.2	-0.8	-0.0	-0.8	-0.1	0.1
+ Tax on Items to be Reclassified	—	—	—	—	—	0.1	0.0	-0.2	-0.1	-0.2	0.0	0.0
+ Tax on Items to be Reclassified — alt tag	0.0	0.0	0.0	-0.0	-0.1	—	—	—	—	—	—	—
Per Share — as-filed variants
Basic EPS — Continuing Operations	34.80	57.11	34.70	2.80	8.02	3.13	3.30	3.49	3.55	6.87	2.50	2.41
Diluted EPS — Continuing Operations	34.80	57.11	34.70	0.00	8.02	3.13	0.00	3.49	3.55	6.87	2.50	2.41
Regulatory Disclosures — filed alongside, not part of the P&L
Related-party Transactions — During the Period	—	—	—	—	—	10.1	—	112.3	—	15.7	—	134.2
Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories)
Gross Profit	257.0	282.0	255.7	255.4	252.8	248.8	269.0	269.5	286.3	535.5	739.6	717.2
Gross Margin %	54.86	59.25	60.32	55.41	53.73	54.79	64.95	59.83	58.21	77.68	85.83	84.96
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	71.0	115.2	72.3	64.7	65.1	67.0	76.0	78.4	81.1	154.6	58.3	53.3
− Exceptional Items (reconciliation)	0.0	0.0	0.0	0.0	100.5	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Income Adj (tax-effected)	53.7	88.2	53.6	47.6	53.6	53.0	56.1	59.2	60.2	116.7	42.4	41.0
EPS Adj	34.80	57.11	34.70	2.80	3.15	3.13	3.30	3.49	3.55	6.87	2.50	2.41
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Paid Up Equity Capital	15.4	15.4	15.4	169.9	169.9	169.9	169.9	169.9	169.9	169.9	169.9	169.9

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q2 FY27 · StandaloneFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

VST Industries Q2 FY27 results (July–September 2026)

Filed with NSE on Wednesday, 28 October 2026 at 3:36 pm IST

VST Industries (NSE: VSTIND) reported its Q2 FY27 results (July–September 2026) on Wednesday, 28 October 2026 at 3:36 pm IST. Consolidated net profit was ₹41 crore, down 30.7% from ₹59.2 crore in Q2 FY26 and down 3.3% from ₹42.4 crore in Q1 FY27. Revenue from operations was ₹844 crore, up 87.4% year on year and down 2.0% from the previous quarter.

Q2 FY26 results (a year earlier): 29 October 2025
Q3 FY27 results due by: 14 February 2027

Q2 FY27 at a glance · consolidated

Net profit: ₹41 Cr−30.7% vs Q2 FY26−3.3% vs Q1 FY27
Revenue from operations: ₹844 Cr+87.4% vs Q2 FY26−2.0% vs Q1 FY27
Operating margin (EBIT): 3.8%−10.9 pts vs Q2 FY26−0.6 pts vs Q1 FY27EBIT ₹32.4 Cr
EBITDA: ₹43.2 Cr−45.0% vs Q2 FY26−12.9% vs Q1 FY27margin 5.1%
Earnings per share (basic): ₹2.41−30.9% vs Q2 FY26−3.6% vs Q1 FY27
Net profit margin: 4.9%−8.3 pts vs Q2 FY26−0.1 pts vs Q1 FY27

Questions

What was VST Industries' net profit in Q2 FY27?

Consolidated net profit was ₹41 crore, down 30.7% from ₹59.2 crore in Q2 FY26 and down 3.3% from ₹42.4 crore in Q1 FY27.

What is VST Industries' net profit margin?

VST Industries' net profit margin was 4.9% in Q2 FY27 (net profit as a share of revenue from operations), against 13.1% in Q2 FY26 (down 8.3 percentage points). For FY26 as a whole it was 14.3%.

What was VST Industries' net profit in FY26?

Consolidated net profit was ₹292 crore in FY26 (April 2025–March 2026), up 0.6% from ₹290 crore in FY25. It was ₹302 crore in FY24 and ₹327 crore in FY23: down 10.6% over three years, an average fall of 3.7% a year.

What was VST Industries' revenue in Q2 FY27?

Revenue from operations was ₹844 crore, up 87.4% year on year and down 2.0% from the previous quarter.

What was VST Industries' EPS in Q2 FY27?

Basic earnings per share were ₹2.41, against ₹3.49 in Q2 FY26.

What was VST Industries' revenue in FY26?

Revenue from operations was ₹2,046 crore in FY26 (April 2025–March 2026), up 13.1% from ₹1,809 crore in FY25. It was ₹1,838 crore in FY24 and ₹1,673 crore in FY23: up 22.3% over three years, 6.9% a year on average.

How were VST Industries' Q2 FY27 results?

Revenue grew from a year earlier while net profit fell: revenue was up 87.4% at ₹844 crore, and net profit was down 30.7% at ₹41 crore. The operating margin was 3.8%, down 10.9 percentage points from 14.8% a year earlier. Against Q1 FY27, net profit was down 3.3% and revenue down 2.0%.

What was VST Industries' operating margin in Q2 FY27?

Operating profit (EBIT — revenue less operating expenses, before finance costs and other income) was ₹32.4 crore, a margin of 3.8%, against 4.5% in Q1 FY27 and 14.8% in Q2 FY26. EBITDA was ₹43.2 crore, 5.1% of revenue.

What was VST Industries' net profit in the first half of FY27?

Consolidated net profit for the first half of FY27 (April–September 2026) was ₹83.5 crore, down 27.6% from ₹115 crore in the same months a year earlier. Revenue from operations was ₹1,706 crore, up 97.3%.

How has VST Industries' profit changed over the last four quarters?

Net profit by quarter: ₹60.2 crore in Q3 FY26, ₹117 crore in Q4 FY26, ₹42.4 crore in Q1 FY27 and ₹41 crore in Q2 FY27. That is ₹260 crore over the four quarters, down 14.5% from ₹305 crore in the four quarters before. Revenue from operations: ₹492 crore, ₹689 crore, ₹862 crore and ₹844 crore.

When did VST Industries announce its Q2 FY27 results?

On Wednesday, 28 October 2026 at 3:36 pm IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 29 October 2025.

When will VST Industries announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

Where do these VST Industries figures come from?

From VST Industries' own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 28 October 2026). Growth compares the same consolidated figures a year and a quarter earlier.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.