VST Industries Appoints New CEO, Reports Steady Q3 Results

VST Industries Ltd, a leading tobacco manufacturer, announced a significant leadership change with the appointment of Piyush Srivastava as its new Managing Director and Chief Executive Officer. The announcement coincides with the company’s December quarter results, which reflect steady operational performance despite industry challenges.  

Key highlights

• Piyush Srivastava appointed as Managing Director and CEO of VST Industries.  
• December quarter consolidated revenue from operations stood at Rs 4.92 billion.  
• Profit after tax reported at Rs 602.3 million.  
• Leadership transition expected to strengthen strategic direction and operational efficiency.  
• Company continues to focus on sustaining profitability amid regulatory and market pressures.  
• Analysts view the appointment as a positive step toward long-term growth and stability.  

The combination of stable financial results and new leadership marks an important phase for VST Industries. With Srivastava at the helm, the company is expected to sharpen its focus on operational resilience and strategic expansion while navigating evolving industry dynamics.  

Sources: Reuters, Economic Times, Business Standard