VST Industries Limited (VST) has been present in the Indian tobacco industry for more than 90 years. We have been a consistent performer over the years with the last half decade a standout. We have been the fastest growing cigarette company in this period. This growth has been driven by multiple first-to-market consumer relevant innovations, wider geographic footprint, and a strong focus on people and processes. This has helped VST create a vibrant brand portfolio, deliver superior returns to shareholders, and play a proactive role in community development.
Our strong fundamentals helped us deliver best ever bottom line even in a pandemic year. We further expanded our geographic footprint in spite of market disruptions. We were also able to successfully launch new brand variants that cater to changing adult smoker preferences. All this is a testimony to organisational resilience and commitment of the employees.
As the impact of the pandemic reduces and markets normalise, our aim is to remain the fastest growing cigarette company by continuing to invest in relevant product innovations, increased market presence, manufacturing modernisation, digital technologies, and people development. We stand committed to sustainable business practices, serve communities, and generate shareholder value in line with our credo of winning consistently.
ANNUAL REPORT 2020-21