VST Industries

VST Industries share price jumped 18.54% to ₹ 286.40 on the BSE following the Q4 results announcement. The cigarettes and tobacco products maker is also part of ace investor Radhakrishna Damani's stock portfolio.

Since the tax hike announcement made at the beginning of the year, cigarette stocks have declined between 10-17%. Industry leader ITC has emerged as the top loser as the Nifty 50 stock is down 17.55% at the ₹ 300 levels currently.

The rally in cigarette stocks comes amid several reports that these companies have taken steep price hikes to offset the impact of the excise duty increase.

Godfrey Phillips, VST Industries, and ITC shares declined up to 8% after a price hike on cigarettes due to new excise duties. Concerns over sales and profitability grow as consumers face higher costs for popular brands.

In the latest edition of Mint's Q4FY25 earnings coverage, we analyse sectoral performances. We begin with the FMCG sector, which continues to navigate the challenges of a persistent consumption slowdown but holds an unexpected card.

VST Industries Share Price Today: SBI Mutual Fund has disposed 65,705 shares representing 0.038 per cent of the company's paid-up share capital. The final holding of SBI MF is 3.69 per cent of the company's share capital.

Radhakishan Damani opposed the appointment of BAT's Naresh Kumar Sethi as VST Industries' chair, leading to a failed shareholder resolution. His concerns about VST's management strategy signal rare dissent from a significant investor, reflecting transparency issues.

Varun Beverages share price plunged as much as 5.18%, ITC stock price declined 3%, Godfrey Phillips India shares declined as much as 3.16%, while VST Industries stock fell 2.27% during Tuesday’s trading.