Elitecon hits 20% upper circuit on ₹20,000 cr FMCG roadmap

Small-cap Elitecon International locked 20% upper circuit at ₹32.41 after unveiling an aggressive FMCG playbook: ₹20,000 cr FY2030 revenue target, ₹700 cr capex, a 40,000+ sq ft Nashik facility, 10 brands and 150+ SKUs across packaged foods, edible oils and household essentials, distributed via 5,000 partners into 5 lakh outlets and 15+ markets.

— Source publishedWed, 10 Jun, 2026, 15:11 IST·First seen Wed, 10 Jun, 2026, 15:20 IST·Source Mint · Markets

What happened

Elitecon International hit 20% upper circuit at ₹32.41 after unveiling FMCG roadmap targeting ₹20,000 crore revenue by FY2030, with ₹700 crore capex, 10 brands,

Key facts

  • 20% upper circuit
  • ₹32.41
  • ₹20,000 crore FY2030 revenue target
  • ₹700 crore capex
  • 40,000+ sq ft Nashik facility
  • 5,000 distribution partners
  • 5,00,000 retail outlets
  • 15+ international markets
  • 10 brands
  • 150+ SKUs
  • USD 119 million order book

Why this matters

Elitecon's land-grab across packaged foods, edible oils and household essentials via 5,000 distributors signals an acquisitive consolidator emerging in tier-2 FMCG worth tracking for partnership or contract-manufacturing angles.