Elitecon International shares opened at ₹9.35 per share on BSE today, compared to the previous close of ₹9.14 on Wednesday. The penny stock reached an intraday high of ₹9.59 on September 24, hitting the upper circuit for the second consecutive day. According to Mint, the stock extended its upward momentum for the fifth consecutive session despite a broader market decline. The latest board meeting for audited results was held on September 21, 2026, as reported by Elitecon Intl.
The latest rally in Elitecon International shares comes amid ITC's latest cigarette price increases that have created a more favorable competitive landscape for alternative manufacturers. As per the company's latest press release, ITC's Gold Flake Premium has increased from ₹125 to ₹135 for a 10-cigarette pack, representing an 8% price hike. Earlier in September, Classic Connect rose from ₹390 to ₹428 for a 20-cigarette pack, while Gold Flake Superstar increased from ₹79 to ₹89 for a 10-cigarette pack. The company believes this repricing could give alternative manufacturers greater scope to compete for customers and improve product positioning.
Elitecon International Limited reported a strong increase in consolidated revenue from operations to ₹5,074.80 crore for the financial year ended March 31, 2026, compared with ₹548.76 crore in the previous fiscal. As reported by Mint, the diversified FMCG company posted a consolidated profit after tax (PAT) of ₹185.06 crore in FY2025-26, compared with ₹69.65 crore a year earlier. The performance reflects a significant transformation driven partly by the addition of edible-oil subsidiaries Sunbridge Agro and Landsmill Agro.
According to the company, both Sunbridge Agro and Landsmill Agro were consolidated from September 30, 2025, resulting in only six months of their profits being included in FY2025-26. Their full-year financial contribution is expected to be reflected in FY2026-27. On a standalone basis, Elitecon International's revenue from operations rose to ₹1,529.50 crore from ₹297.51 crore in the previous fiscal, while standalone PAT declined to ₹13.09 crore from ₹32.21 crore.
During FY2025-26, the Group further strengthened its edible-oil and agro business through Sunbridge Agro, which operates a refinery in Kandla, and Landsmill Agro, based in Mathura. As reported by Mint, these businesses expanded the Group's capabilities across refining, storage, port-linked infrastructure and nationwide distribution. The company's international subsidiaries in the UAE and Singapore completed a full year of operations, supporting FMCG and electronics trading activities across the Middle East, Africa and ASEAN markets. Mr. Pradeep Kumar, Managing Director stated that the company enters the new year focused on expanding capacity across tobacco and edible oil, strengthening presence across the Middle East, Africa, ASEAN and Europe, and exploring joint ventures with overseas companies.
