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ICICI Direct Report
VST Industries Ltd. reported flat sales (net of excise) at Rs 300.3 crore.
Gross sales increased 22% to Rs 394 crore led by 25% growth in cigarettes sales and 7% growth in tobacco sales. Cigarette volumes were down 11% during the quarter.
Trade promotional offers and schemes, which were taken back during lockdown period, have been gradually reinstated.
However, cut in promotions still had a positive impact on sales during the quarter. Volumes were down 26% in H1 FY21 and still have not revived completely.
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