ANNUAL REPORT 2021-22
INNOVATIVE. RESPONSIBLE. FOCUSED.
Contents
CORPORATE OVERVIEW | |
Chairman's Statement | 8 |
Managing Director & CEO's Message | 10 |
PERFORMANCE OVERVIEW | |
Distinctive Brand Portfolio | 12 |
Key Performance Indicators | 14 |
HOW WE CREATE VALUE | |
Value Creation Model | 16 |
Strategic Priorities and Progress | 18 |
ESG APPROACH | |
Reducing our Environmental Footprint | 21 |
Committed to an Inclusive Workplace | 24 |
COVID-19 Response | 28 |
Promoting Community Well-being and Prosperity | 30 |
Ensuring ESG Compliant Governance | 34 |
STATUTORY REPORTS | |
Corporate Information | 35 |
Notice of Meeting | 37 |
Report of the Board of Directors & | |
Management Discussion and Analysis | 44 |
Report on Corporate Governance | 56 |
Annexure to the Directors' Report | 76 |
Business Responsibility & | |
Sustainability Reporting (BRSR) | 88 |
FINANCIAL STATEMENTS | 119 |
FY 2021-22 Highlights
FINANCIAL HIGHLIGHTS
- 1,56,067 Lakhs
Revenue
- 32,023 Lakhs
Net profit
- 207.4
Earnings per share
24.5%
EBIT margin
- 1,07,430 Lakhs
Net Assets employed
- 140
Dividend per share
40.7%
RoCE
NON-FINANCIAL HIGHLIGHTS
~25%
Of energy requirements generated from renewable energy
- 775 Lakhs*
CSR expenditure
400
Solar streetlights
10
Classrooms and a drinking water facility
1,685 Smart Toilets
INNOVATIVE.
RESPONSIBLE.
FOCUSED.
At VST Industries, our strategic approach is driven by consumer choice and product relevance. In the past six years, innovation has become a strategic lever to achieve our goals and objectives while creating a distinct brand positioning.
In line with this innovation focus, we continue to introduce new concepts that provide a unique experience to variety-seeking adult consumers. We also expanded into new markets, strengthened brand salience, and invested in developing an integrated digital ecosystem.
At the same time, we made significant progress in our commitment towards society and the environment. We have set bold targets under various sustainability objectives, including energy management, emission control, water management, employee recognition and farmer livelihood.
Looking ahead, our focus will continue to be on driving innovation while elevating our ESG performance by upholding recognised standards on people practices, community interventions, environmental initiatives, and corporate governance.
- Excludes spent on ongoing project - `230 lakhs from unspent CSR amount of preceding financial year.
VST INDUSTRIES LIMITED CORPORATE OVERVIEW
VST at a Glance
VST Industries Limited is an established cigarette company in India manufacturing and distributing cigarettes, and trading in unmanufactured tobacco. We are an associate undertaking of British American Tobacco Plc., a leading global player in combustibles.
DISTINCTIVE BRAND
PORTFOLIO
VST INDUSTRIES LIMITED CORPORATE OVERVIEW
We have made continued investments in increasing geographic footprint across regions. We have been able to achieve operational coverage of more than 80% of the country, from 60% in FY 2014-15. We have also increased our outlet coverage from 7 to more than 11 lakhs in the same period. This expansion has been driven by our new brand portfolio, therefore transforming our retail presence from 1-2 SKUs per region to more than 3-4 SKUs per region currently.
We have created a vibrant brand portfolio catering to the evolving needs of adult consumers. The strength of the portfolio is reflected in the business and financial growth we have achieved in the
last seven years.
INNOVATION | NATIONAL DISTRIBUTION | |
We have a dedicated product | ||
CORE | We have significantly expanded our | |
innovation hub that enables us to | ||
footprint and are now present in | ||
continuosuly develop innovation | ||
our vibrrant brand portfolio. | STRENGTHS | almost all states across the country. |
Our distribution channel | ||
concepts that are brought to life by | ||
comprising large wholesale and retail | ||
network enables us to serve adult | ||
consumers across the length and | ||
breadth of the country. |
DRIVEN BY AMBITION
The long term success and growth of an organisation requires effective management of resources, desire to win and good governance. Our passionate and skilled workforce is driven by a clear vision to deliver superior performance.
Mumbai
OFFICES AND MANUFACTURING FACILITIES
Market presence (states)
Regional offices
Corporate office Manufacturing facilities
New Delhi
Hyderabad
Toopran
Chennai
Guwahati
Kolkata
2
Manufacturing facilities in Hyderabad and Toopran
6
Regional offices in Hyderabad, Mumbai, Delhi, Kolkata, Chennai, and Guwahati
850
Wholesalers
11 Lakh+
Retail outlets
2 ANNUAL REPORT 2021-22 | 3 ANNUAL REPORT 2021-22 |
VST INDUSTRIES LIMITED CORPORATE OVERVIEW | VST INDUSTRIES LIMITED CORPORATE OVERVIEW |
Board of Directors | Management Team |
MR. ADITYA DEB GOOPTU | MR. KALYAN BASU | DR. T. LAKSHMI NARASAIAH |
Managing Director & CEO | President-Marketing | Vice President-Leaf |
MR. S. SRIRAM | MR. ANISH GUPTA | MR. AJAY CHAUDHARY |
Vice President - Technical | Chief Financial Officer | Vice President-Digital |
Transformation |
Left to Right
MR. S. THIRUMALAI | MR. ADITYA DEB GOOPTU | MS. RAMA BIJAPURKAR |
Non-Executive Director | Managing Director & CEO | Independent Non-Executive Director |
MR. NARESH KUMAR SETHI | MR. SUDIP BANDYOPADHYAY | MR. RAJIV GULATI |
Non Executive Director & | Independent Non-Executive Director | Independent Non-Executive Director |
Chairman of the Board |
MS. ISHITA BARDHAN | MR. PHANI MANGIPUDI |
Chief Human Resource Officer | Company Secretary and Head - |
Legal & Secretarial |
4 ANNUAL REPORT 2021-22 | 5 ANNUAL REPORT 2021-22 |
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VST Industries Ltd. published this content on 06 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 July 2022 12:33:08 UTC.