Elitecon eyes Rs 20,000 cr revenue by FY30; stock jumps 20%
Elitecon International unveiled a Rs 20,000 crore FY30 revenue target, backed by a Rs 700 crore FMCG push from a 40,000 sq ft Nashik plant, a $119 million tobacco export order book and the Rs 202 crore Bozza deal. Distribution spans 5,000 distributors and 5 lakh outlets across 10 brands.
What happened
Elitecon International stock jumped 20% after the cigarette and tobacco maker unveiled a Rs 20,000 crore FY30 revenue target, anchored on tobacco exports and a
Key facts
- Rs 20,000 crore FY30 revenue target
- Rs 700 crore FMCG investment
- $119 million tobacco export order book
- Rs 202 crore Bozza deal
- $97.35 million Middle East order
- 40,000 sq ft Nashik plant
- 5,000 distributors
- 5 lakh retail outlets
- 10 brands
- 150+ SKUs
- share +19.45% to Rs 32.31
Why this matters
The Rs 202 crore Bozza acquisition signals an inorganic playbook, so expect more bolt-on FMCG and tobacco distribution deals as Elitecon races to fill the gap to its FY30 ambition.