VST Industries

** India's Nifty 50 .NSEI, BSE Sensex .BSESN rise 0.3% each, poised for second straight weekly gains on hopes of de-escalation in the Iran war ahead of peace talks

** Both Nifty, Sensex up about 1% for the week, following a 6% jump last week on U.S.-Iran ceasefire

** A 3% drop in Wipro WIPR.NS and HDFC Life HDFL.NS on lackluster quarterly results caps benchmark gains

** Thirteen of 16 major sectors advance on the day, the broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 rise about 0.8% each

** A 10-day ceasefire between Lebanon and Israel went into effect on Thursday; U.S. President Donald Trump says next U.S.-Iran meeting may take place over the weekend

** Other Asian markets .MIAPJ0000PUS drop 0.8%, but set for weekly gains ahead of U.S.-Iran negotiations MKTS/GLOB

** Brent crude LCOc1 trades below $100 a barrel; lower prices are positive for the world's third-largest oil importer, India O/R

** Among stocks, cigarettes maker VST Industries VSTI.NS jumps 15% and brokerage Angel One ANGO.NS gains 3.3% on upbeat quarterly results

(Reporting by Bharath Rajeswaran in Bengaluru)

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April 16 (Reuters) - VST Industries Ltd VSTI.NS:

• RECOMMENDED FINAL DIVIDEND OF 12 RUPEES PER SHARE

Source text: ID:nNSE5R7JgP

Further company coverage: VSTI.NS

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** Shares of ITC ITC.NS rise 4.9% to 325.45 rupees

** Nearly 13 mln shares in ITC traded across 22 block deals on NSE, with 21 deals at premium of 0.6% to 5.4%, LSEG data shows

** Effective Feb 1, India imposed an excise duty on cigarettes in range of 2,050-8,500 rupees ($22.8-$94.5) per thousand sticks based on length of products

** Other Indian cigarette makers Godfrey Phillips India GDFR.NS and VST Industries VSTI.NS up 10.2% and 4.7%, respectively

** In January, ITC, Godfrey Phillips India, and VST Industries dropped 20.1%, 26.3% and 8.9%, respectively

(Reporting by Vijay Malkar)

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Jan 29 (Reuters) - VST Industries Ltd VSTI.NS:

• VST INDUSTRIES DEC-QUARTER PAT 602.3 MILLION RUPEES

• VST INDUSTRIES DEC-QUARTER TOTAL REVENUE FROM OPERATIONS 4.92 BILLION RUPEES

• VST INDUSTRIES LTD - PIYUSH SRIVASTAVA APPOINTED AS MANAGING DIRECTOR & CEO

Source text: ID:nBSE1MyzX9

Further company coverage: VSTI.NS

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** Indian cigarette makers down between 0.5% to 5% in a market propelled higher by sweeping changes proposed to the nation's goods and services tax regime

** Items such as cigarettes, high-end cars currently attract higher levies in addition to the 28% GST rate, which the government has proposed to abolish

** Analysts at Citi say tobacco could potentially be at risk for tax increases under the revamped GST structure

** On the day, Godfrey Phillips GDFR.NS down about 5% to 9660 rupees

** Co gets nearly allits revenue from cigarettes, tobacco, and related products

** Diversified conglomerate ITC ITC.NS, for which cigarettes make up about 40% of revenue, down 0.7%, while smaller tobacco co VST Industries VSTI.NS down 0.6%

** On the day, benchmark Nifty 50 .NSEI index up 1.3%, led by gains across auto, consumption and insurance stocks which are set to benefit from tax regime overhaul .BO

(Reporting by Ananta Agarwal in Bengaluru)

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Jan 23 (Reuters) - VST Industries Ltd VSTI.NS:

• CENTRAL GST AUTHORITIES INITIATE INSPECTION AT VST INDUSTRIES

• COOPERATING FULLY WITH ONGOING INSPECTION

• BUSINESS OPERATIONS UNAFFECTED BY INSPECTION

Source text: ID:nBSE6Pn566

Further company coverage: VSTI.NS

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** Indian government is likely to propose a new "special rate" of 35% on tobacco products and aerated beverages, CNBC TV18 reports, citing sources

** The new rate will "over and above the existing four-slab structure of 5%, 12%, 18%, and 28%," CNBC reports

** Tobacco companies ITC ITC.NS, VST Industries VSTI.NS and Godfrey Phillips India GDFR.NS drop as much as 2%-3%

** ** Pepsi India bottler Varun Beverages VARB.NS down 2%

(Reporting by Anuran Sadhu in Bengaluru)

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** Shares of VST Industries VSTI.NS up 2.3% to 322 rupees, set for their best day in November

** Co, which manufactures cigarettes, has sold 2.7 acres of land for 1.02 billion rupees ($12 million)

** VSTI up 4% YTD, lagging peers Godfrey Phillips India's GDFR.NS and NTC Industries' NTCI.BO, which have risen 173% and 142%, respectively

($1 = 84.2725 Indian rupees)

(Reporting by Nishit Navin)

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Nov 11 (Reuters) - VST Industries Ltd VSTI.NS:

• COMPLETES SHIFTING OF MANUFACTURING OPERATIONS OF CO TO TOOPRAN

Source text: ID:nNSE3sHTT0

Further company coverage: VSTI.NS

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July 25 (Reuters) - VST Industries Ltd VSTI.NS:

• VST INDUSTRIES - TO ISSUE BONUS SHARES IN RATIO OF 10:1

• VST INDUSTRIES JUNE-QUARTER PAT 535.8 MILLION RUPEES

• VST INDUSTRIES JUNE-QUARTER TOTAL REVENUE FROM OPERATIONS 4.24 BILLION RUPEES

Further company coverage: VSTI.NS

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** Shares of VST Industries VSTI.NS soar nearly 15%, hitting their highest level since Jan. 2020

** The cigarettes maker said it will consider issue of bonus shares on July 25

** VSTI set for its best day since January 2, when it jumped after a high net investor bought stake in co

** More than 288,000 shares traded, vols at 12.5x the 30-day avg

** Stock up 39.5% YTD

($1 = 83.6360 Indian rupees)

(Reporting by Nishit Navin)

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July 18 (Reuters) - VST Industries Ltd VSTI.NS:

• VST INDUSTRIES - MAY CONSIDER ISSUE OF BONUS SHARES

Source text for Eikon: ID:nBSE6dBz3b

Further company coverage: VSTI.NS

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** Shares of Marlboro cigarette-maker Godfrey Phillips India Ltd GDFR.NS rise as much as 18.1% to record 4,789.85 rupees

** Over 53,800 shares change hands in block deals at a 11.7%-17.8% premium to previous closing price of 4,057.10 rupees - National Stock Exchange of India data

** Stock's previous block deal had happened in March, per BSE data

** In total, more than 1.6 mln shares traded in stock's second-busiest day in 2024 vs 30-day avg volume of 99,266 shares

** Stock up 2.2x this year – better than ITC ITC.NS, which has barely changed this year, and VST Industries' VSTI.NS 24% rise

(Reporting by Nandan Mandayam in Bengaluru)

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June 13 (Reuters) - VST Industries Ltd VSTI.NS:

• VST INDUSTRIES - GETS DEMAND NOTICE FOR CC DUES ISSUED FOR HT SERVICES AVAILED BY CO FOR 3.7 MILLION RUPEES

Source text for Eikon: ID:nNSE6ct6Z9

Further company coverage: VSTI.NS

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** Shares of cigarettes maker VST Industries VSTI.NS rises as much as 3.6% before trimming some gains; last up 1.7% to 3,749 rupees

** HDFC Mutual Fund sells more than 330,000 shares at price range of 3,690-3,690.38 rupees; billionaire investor Radhakishan Shivkishan Damani buys nearly 234,000 shares for 3,689.96 rupees

** Shares traded in bulk deal at slightly higher price than last close of 3,685.25, per exchange data

** Stock has been trading above its 200-day simple moving avg since early Dec 2023, volumes at 4.2x the 30-day avg

** Including session's gains, stock up ~10% so far this year

(Reporting by Manvi Pant in Bengaluru)

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Feb 1 (Reuters) - VST Industries Ltd VSTI.NS:

• GOT TAX ORDER FOR 25 MILLION RUPEES

Source text for Eikon: ID:nBSEdHhZV

Further company coverage: VSTI.NS

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Jan 30 (Reuters) - VST Industries Ltd VSTI.NS:

• GETS SHOW CAUSE NOTICE FROM UTTAR PRADESH FOR AMOUNT OF 3.1 MILLION RUPEES

• NOTICE ISSUED DEMANDING PAYMENT OF EXCESS ITC CLAIM PERTAINING TO YEAR 2018-19

Source text for Eikon: ID:nBSEb2Kc7

Further company coverage: VSTI.NS

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Corrects paragraph 11 to say ITC's cigarettes revenue rose, not fell

BENGALURU, Jan 29 (Reuters) - Tobacco maker Godfrey Phillips India GDFR.NS reported higher third-quarter profit on Monday, driven by growth in its core market and easing expenses.

The company reported a consolidated net profit of 2.12 billion rupees (~$26 mln) for the quarter ended Dec. 31, up 6.6% from last year.

Total revenue from operations rose 34% to 14.88 billion rupees, with the company's core cigarettes segment registering a growth of 37%.

During the two quarters in FY24, Godfrey saw its cigarette segment's revenue grow 17% and 29% each, while larger rival ITC posted a growth of 9% and 12%.

Godfrey Phillips manufactures and distributes Marlboro-branded cigarettes under a licence agreement with U.S-based Philip Morris International PM.N. The company did not specify how much it impacts Godfrey's revenue.

The growth in the cigarette segment was led by the Marlboro Compact, which is priced at 10 rupees apiece, said analysts at Centrum Institutional Research.

It competes with India Kings and Mini Gold, the cheaper options produced by ITC in a similar price range.

Analysts also said the company's core markets - Maharashtra, Gujarat and Rajasthan - have seen growth in demand.

The cost of materials consumed rose 18%, tugging the total expenses up more than 37%.

However, its smaller retail segment, which operates round-the-clock convenience store 24Seven and contributes 7.5% to the revenue, accrued a loss of 158.6 million rupees compared with a loss of 208.2 million rupees a year earlier.

Larger rival ITC ITC.NS beat profit estimates, helped by price hikes, with revenue from its cigarettes business rising around 4%.

Godfrey shares closed 1.7% higher ahead of the results.

($1 = 83.1300 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Varun H K and Sohini Goswami)

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** Shares of cigarette manufacturer VST Industries VSTI.NS fall 2.5% to 3,540 rupees in early trade

** Stock on track for a second consecutive session of losses, if trend holds

** Co on Monday reported a nearly 32% Y/Y fall in its Dec-qtr profit, while rev from ops slipped 6%

** Stock rose 3% in 2023, and has already risen 3.9% this year

(Reporting by Yagnoseni Das in Bengaluru)

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Jan 22 (Reuters) - VST Industries Ltd VSTI.NS:

• DEC-QUARTER PAT 537.2 MILLION RUPEES VERSUS 789.8 MILLION RUPEES

• DEC-QUARTER TOTAL REVENUE FROM OPERATIONS 4.68 BILLION RUPEES VERSUS 4.42 BILLION RUPEES

Further company coverage: VSTI.NS

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Jan 4 (Reuters) - VST Industries Ltd VSTI.NS:

• GETS TAX DEMAND NOTICE FOR 29.7 MILLION RUPEES

• MAXIMUM FINANCIAL IMPACT IS TO EXTENT OF AMOUNT DEMANDED

Further company coverage: VSTI.NS

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** Shares of cigarettes maker VST Industries VSTI.NS rise as much as 6.52% to three-year high of 4,324.70 rupees, before paring some gains

** VSTI shares last up 1%

** High net-worth investor Radhakishan Damani bought 222,935 shares (1.4% stake) at 3,390 rupees apiece via bulk deals on Tuesday - exchange data

** Damani, through his investment firms - Derive Trading and Resorts and Bright Star Investments - had held 30.71% stake in the company at end of September quarter - shareholder data

** SBI Mutual Fund also bought 1.4% stake, while HDFC Mutual Fund and DSP Mutual Fund offloaded combined 3% stake

** Stock most active in 12 years with trading volume of 271,315 shares as of 10:38 a.m. IST, 23x the 30-day avg - LSEG data

(Reporting by Bharath Rajeswaran in Bengaluru)

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Dec 1 (Reuters) - VST Industries Ltd VSTI.NS:

• GOT NOTICE FROM SUPERINTENDING ENGINEER, OPERATION CENTRAL CIRCLE, TSSPDCL, HYDERABAD

• TSSPDCL NOTICE TO CO FOR RECOVERY OF SURPLUS ENERGY AND SURCHARGE TOTALING 86.7 MILLION RUPEES

Source text for Eikon: ID:nNSE4cZJXZ

Further company coverage: VSTI.NS

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** Shares of VST Industries VSTI.NS fall as much as 2.93% to a near five-month low of 3,285 rupees

** Slide after the cigarette maker posts 17.59% Y/Y fall in September quarter profit after tax to 759.5 mln rupees

** Revenue from operations rises 2.86% to 4.52 bln rupees, while total expenses jump 8.07%, weighing on profit

** Trading volume is 7,724 shares as of 10:54 a.m. IST, 1.7x the 30-day avg - LSEG data

** Including session's losses, VSTI up 0.16% in 2023 so far

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463))

July 31 (Reuters) - VST Industries Ltd VSTI.NS:

• VST INDUSTRIES LTD - CO HAS OPTED TO SETTLE ITS WEST BENGAL ENTRY TAX DISPUTE BY PAYING 57.5 MILLION RUPEES, WHICH IS 50% OF DISPUTED TAX AMOUNT

Source text for Eikon: ID:nBSE3v1PMv

Further company coverage: VSTI.NS

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July 14 (Reuters) - VST Industries Ltd VSTI.NS:

• JUNE-QUARTER PAT 837 MILLION RUPEES VERSUS PROFIT 871.4 MILLION RUPEES

• JUNE-QUARTER TOTAL REVENUE FROM OPERATIONS 4.41 BILLION RUPEES VERSUS 4.02 BILLION RUPEES

Source text for Eikon: ID:nBSEbHK8RY

Further company coverage: VSTI.NS

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By Biplob Kumar Das and Aditya Kalra

BENGALURU/NEW DELHI, May 31 (Reuters) - India unveiled guidelines on Wednesday requiring streaming platforms such as Netflix and Amazon Prime Video to display prominent warnings about smoking and other forms of tobacco use while airing shows with such scenes.

While film and television certification bodies already moderate public content in India, its laws have few provisions to censor content on popular online platforms.

The Cigarettes and other Tobacco Products Amendment Rules, 2023 made it mandatory for such platforms to display "anti-tobacco health spots" of at least 30 seconds each at the start and middle of a programme, a notice from the health ministry showed.

The new rules also made it compulsory for the platforms to display an anti-tobacco health warning as a "static message" at the bottom of the screen while displaying tobacco products on screen. It also mandated audio-visual disclaimers about the ill-effects of tobacco use.

The stringent laws come after a survey by the World Health Organization found that nearly 267 million Indians of age 15 and above consume tobacco.

"India's new regulations will ensure that streaming services are not the next vehicle for Big Tobacco's aggressive targeting of Indian youth," said Yolonda Richardson, an executive from non-profit group Campaign for Tobacco-Free Kids.

The amendment further states that the federal government will take suo moto action against streaming sites if they fail to adhere to the new rules.

Netflix and Amazon Prime Video and trade group Internet & Mobile Association of India (IAMAI), which represents the interests of several streaming websites, did not immediately respond to Reuters' request for comment.

The tough rules come years after court cases and complaints filed to the police alleged that some content on streaming platforms was obscene or insulted religious sentiment.

(Reporting by Biplob Kumar Das in Bengaluru and Aditya Kalra in New Delhi; Editing by Sonia Cheema)

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** Shares of VST Industries Ltd VSTI.NS fall as much as nearly 4%, steepest intraday decline in two months, to 3,231 rupees

** Slide comes after the cigarettes maker reported a 21.2% fall in March quarter profit to 687 mln rupees; revenue also declined marginally

** Co recommends a final dividend of 150 rupees per share

** Trading volume is 10,398 shares as of 10:16 a.m. IST, 2.5 times the 30-day avg of 4,101 shares - Refinitiv data

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463))

April 25 (Reuters) - VST Industries Ltd VSTI.NS:

• RECOMMENDED A FINAL DIVIDEND OF 150 RUPEES PER SHARE

Further company coverage: VSTI.NS

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