Elitecon plots Rs 20,000 cr FY30 revenue, Rs 700 cr FMCG push from Nashik plant
Tobacco-FMCG firm Elitecon International outlined a Rs 20,000 cr FY30 revenue blueprint, anchored by a Rs 700 cr FMCG investment into packaged foods, snacks and edible oils. The 40,000 sq ft Nashik facility will feed 150+ SKUs through 5,000 distributors targeting 5 lakh retail outlets. Stock jumped 11% on 24 lakh+ shares traded.
What happened
Elitecon International stock jumped 11% on heavy volumes after the tobacco-FMCG company outlined a Rs 20,000 cr FY30 revenue plan, including Rs 700 cr FMCG
Key facts
- 11% stock surge
- Rs 20,000 cr FY30 revenue target
- Rs 700 cr FMCG investment
- $119 mn tobacco export order book
- Rs 202 cr Bozza deal
- 5,000 distributors
- 500,000 retail outlets
- 150+ SKUs
- 40,000 sq ft Nashik plant
Why this matters
Elitecon's diversification into packaged foods and edible oils opens partnership, co-manufacturing or distribution-tie-up windows around the Nashik hub before the 5,000-distributor footprint hardens.