New Delhi, March 07, 2026: Elitecon International Limited, a prominent player in the Tobacco and FMCG sectors, has announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The company demonstrated significant year-on-year growth in operations despite navigating complex legal and regulatory environments.
Financial Highlights
Elitecon reported a robust surge in its standalone revenue, driven primarily by its expanding FMCG and tobacco business segments:
- Total Income: The company clocked a total income of ₹50,312.67 Lakhs for the quarter, compared to ₹4,899.45 Lakhs in the same period last year.
- Net Profit: Profit for the quarter stood at ₹953.88 Lakhs, marking a steady performance compared to ₹662.05 Lakhs in Q3 of the previous fiscal.
- Segment Performance: The FMCG Products segment emerged as a massive contributor, generating ₹42,187.82 Lakhs in revenue during the quarter, while Tobacco Products accounted for ₹8,085.10 Lakhs.
Strategic Expansion and Acquisitions
The company is actively pursuing a strategy to acquire controlling interests in the agro-sector. During the year, Elitecon entered into Share Purchase Agreements to acquire equity stakes in Sunbridge Agro Private Limited and Landsmill Agro Private Limited. While a portion of the consideration has been paid and shares transferred, the balance was tied to a proposed Qualified Institutional Placement (QIP) that could not be concluded. The management is currently in talks to modify timelines and terms for these acquisitions.
Regulatory and Legal Updates
The Board also addressed several ongoing regulatory matters:
- FDA Inspection: After the quarter-end, the FDA inspected the company’s Nashik facility, seizing certain tobacco inventory and machinery. The company clarified that other operations continue normally and does not anticipate a material impact on its “going concern” status.
- GST Litigation: The company is contesting a show-cause notice from the DGGI, Nagpur, regarding alleged wrongful input tax credit. Elitecon has submitted detailed replies and attended personal hearings as recently as February 2026.
- Legal Dispute with Advik Capital: Elitecon is currently contesting an insolvency petition filed by Advik Capital Limited before the NCLT and has filed applications to vacate previous ex parte orders. The next hearings are scheduled for late March and July 2026.
Corporate Actions
During the nine months, the company completed a stock split, sub-dividing its equity shares from a face value of ₹10 each to ₹1 each to enhance liquidity and investor accessibility. Additionally, the company recognised an expense of ₹0.49 Lakhs related to the implementation of the Government of India’s new Labour Codes.
