Godfrey Philips India (down 4.71%), VST Industries (down 3.34%) and ITC (down 1.08%) declined.
Media reports suggest the government may increase the GST on cigarettes and other tobacco products once the compensation cess ends. Currently, these products, classified as sin goods, are taxed at 53% (28% GST plus other levies), short of the WHO's 75% target. A potential strategy is to raise the GST to the 40% limit and add an excise duty. Tobacco products, including cigarettes and pan masala, contribute significantly to government revenue.
VST Industries standalone net profit rises 153.65% in the December 2024 quarter
07 - Feb - 2025 12:00 AM | 35 days ago
Net profit of VST Industries rose 153.65% to Rs 136.26 crore in the quarter ended December 2024 as against Rs 53.72 crore during the previous quarter ended December 2023. Sales rose 1.24% to Rs 366.34 crore in the quarter ended December 2024 as against Rs 361.84 crore during the previous quarter ended December 2023.
VST Industries standalone net profit rises 153.65% in the December 2024 quarter
07 - Feb - 2025 12:00 AM | 35 days ago
Net profit of VST Industries rose 153.65% to Rs 136.26 crore in the quarter ended December 2024 as against Rs 53.72 crore during the previous quarter ended December 2023. Sales rose 1.24% to Rs 366.34 crore in the quarter ended December 2024 as against Rs 361.84 crore during the previous quarter ended December 2023.
VST Industries appoints Naresh Kumar Sethi as Executive Chairman
05 - Nov - 2024 12:00 AM | 129 days ago
The Board of VST Industries has approved the appointment of Naresh Kumar Sethi (DIN: 08296486), presently the Non-Executive Chairman as the Executive Chairman & Whole-time Director of the Company for a period of 5 years with effect from 5 November 2024.
Godfrey Philips India (down 4.71%), VST Industries (down 3.34%) and ITC (down 1.08%) declined.
Media reports suggest the government may increase the GST on cigarettes and other tobacco products once the compensation cess ends. Currently, these products, classified as sin goods, are taxed at 53% (28% GST plus other levies), short of the WHO's 75% target. A potential strategy is to raise the GST to the 40% limit and add an excise duty. Tobacco products, including cigarettes and pan masala, contribute significantly to government revenue.
VST Industries standalone net profit rises 153.65% in the December 2024 quarter
07 - Feb - 2025 12:00 AM | 35 days ago
Net profit of VST Industries rose 153.65% to Rs 136.26 crore in the quarter ended December 2024 as against Rs 53.72 crore during the previous quarter ended December 2023. Sales rose 1.24% to Rs 366.34 crore in the quarter ended December 2024 as against Rs 361.84 crore during the previous quarter ended December 2023.
VST Industries appoints Naresh Kumar Sethi as Executive Chairman
05 - Nov - 2024 12:00 AM | 129 days ago
The Board of VST Industries has approved the appointment of Naresh Kumar Sethi (DIN: 08296486), presently the Non-Executive Chairman as the Executive Chairman & Whole-time Director of the Company for a period of 5 years with effect from 5 November 2024.
Godfrey Philips India (down 4.71%), VST Industries (down 3.34%) and ITC (down 1.08%) declined.
Media reports suggest the government may increase the GST on cigarettes and other tobacco products once the compensation cess ends. Currently, these products, classified as sin goods, are taxed at 53% (28% GST plus other levies), short of the WHO's 75% target. A potential strategy is to raise the GST to the 40% limit and add an excise duty. Tobacco products, including cigarettes and pan masala, contribute significantly to government revenue.
VST Industries standalone net profit rises 153.65% in the December 2024 quarter
07 - Feb - 2025 12:00 AM | 35 days ago
Net profit of VST Industries rose 153.65% to Rs 136.26 crore in the quarter ended December 2024 as against Rs 53.72 crore during the previous quarter ended December 2023. Sales rose 1.24% to Rs 366.34 crore in the quarter ended December 2024 as against Rs 361.84 crore during the previous quarter ended December 2023.
VST Industries standalone net profit rises 153.65% in the December 2024 quarter
07 - Feb - 2025 12:00 AM | 35 days ago
Net profit of VST Industries rose 153.65% to Rs 136.26 crore in the quarter ended December 2024 as against Rs 53.72 crore during the previous quarter ended December 2023. Sales rose 1.24% to Rs 366.34 crore in the quarter ended December 2024 as against Rs 361.84 crore during the previous quarter ended December 2023.
VST Industries appoints Naresh Kumar Sethi as Executive Chairman
05 - Nov - 2024 12:00 AM | 129 days ago
The Board of VST Industries has approved the appointment of Naresh Kumar Sethi (DIN: 08296486), presently the Non-Executive Chairman as the Executive Chairman & Whole-time Director of the Company for a period of 5 years with effect from 5 November 2024.
