Announced Wed, 28 Oct, 2026 · 16:08 IST
Six-month profit falls 28% as cigarette tax burden rises
VSTIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
For the six months ended September 30, 2026, net revenue fell 21.4% to Rs 498 crore from Rs 634 crore, while profit after tax declined 27.6% to Rs 83.5 crore from Rs 115.3 crore. Cigarette volume was down 16.8%. The average tax burden on cigarettes rose about 50% after compensation cess was removed and GST and excise duties increased, hurting affordability and demand.
Likely market impact
Higher taxes, lower volumes and margin compression weaken near-term earnings and create downside risk for the share price.