Elitecon International Shares Jump 8% as Company Unveils ₹700 Crore FMCG Expansion Plan, Targets ₹20,000 Crore Revenue by FY30
New Delhi [India], June 11: Elitecon International share price surged nearly 8% in intraday trade on Thursday after the company announced an ambitious ₹700 crore investment plan to build a diversified fast-moving consumer goods (FMCG) business, with a long-term revenue target of approximately ₹20,000 crore by FY2030.
The company revealed that its expansion strategy will be backed by a contracted international tobacco order book exceeding USD 119 million across Africa and the Middle East, providing revenue visibility and supporting the phased rollout of its FMCG operations.
Elitecon’s international tobacco business continues to serve as a key growth engine. The company has secured a two-year export agreement worth nearly ₹202 crore with South Africa-based Bozza Tobacco (PTY) Ltd. Additionally, it is executing an ongoing USD 97.35 million order for the Middle East through Yuvi International Trade FZE.
According to the company, these contracts offer a stable revenue base and create a strong platform for diversification into consumer-focused product categories.
As part of its long-term roadmap, Elitecon plans to operate a dual-business model by expanding its international tobacco exports while simultaneously building a diversified FMCG portfolio. The proposed product range will include packaged foods and snacks, edible oils, and household essentials.
The company’s 40,000-square-foot manufacturing facility in Nashik, Maharashtra, will serve as the primary production hub for the FMCG venture.
The ₹700 crore expansion plan includes investments in manufacturing automation, quality control infrastructure, and phased capacity enhancement aligned with business demand.
Elitecon also intends to establish a large-scale distribution ecosystem, targeting over 5,000 distribution partners and a presence across more than 5 lakh retail outlets. The company plans to expand into over 15 international markets and build a portfolio of 10 consumer brands comprising more than 150 stock-keeping units (SKUs).
Management stated that product launches will follow a milestone-driven execution strategy, with manufacturing, sourcing, packaging, inventory management, pricing, and distribution frameworks being established before commercial rollouts.
Investor sentiment remained upbeat following the announcement, with Elitecon International shares touching an intraday high of ₹35.22, reflecting confidence in the company’s diversification strategy and long-term growth ambitions.
Elitecon International currently operates an international tobacco export business across Africa and the Middle East and is leveraging its manufacturing infrastructure to expand into the FMCG segment, aiming to strengthen both its domestic and global market presence.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
