ITC acquires remaining Sproutlife stake for ₹645 crore, takes full ownership
ITC has acquired the remaining stake in Sproutlife Foods for around ₹645 crore, lifting its holding from 47.5% to 100%. The maker of Yoga Bar products is now a wholly owned ITC subsidiary, strengthening the group’s presence in health-focused packaged foods.
The development
ITC acquired Sproutlife’s remaining stake for around ₹645 crore, raising its holding from around 47.50% to 100% and making the food-products company a wholly owned subsidiary effective September 28, 2026.
The numbers
- around ₹645 crore
- 13,445 equity shares
- 100%
- September 28, 2026
- around 47.50%
- August 31
- 22.106%
- 3.37 crore shares
- 1.68 crore shares
- 11%
- ₹390 per share
- ₹653.25 crore
- 1.69 crore shares
- 11.106%
- ₹400 per share
- ₹676.47 crore
- around ₹1,330 crore
- 1.06%
- ₹266.15
Why it matters to operators and investors
ITC’s move from a 47.5% minority stake to 100% ownership demonstrates a bolt-on acquisition strategy of scaling promising brands before fully integrating them.
What to watch next
- Quarterly disclosures on Yoga Bar revenue growth, profitability and integration costs.
- New Yoga Bar SKU launches, especially in protein, cereals, breakfast and functional snacks.
- Distribution expansion into general trade, tier-2/tier-3 cities and quick-commerce platforms.
- ITC Foods segment margin movement and management commentary on premium/health-food contribution.
- Competitive pricing, promotions and launches from Tata Consumer, Nestle India, PepsiCo, Mondelez and direct-to-consumer nutrition brands.
- Expand Yoga Bar distribution through ITC’s traditional trade and rural-adjacent retail network.
- Launch adjacent products in protein, breakfast, kids nutrition and better-for-you snacking under Yoga Bar or ITC foods brands.
- Use ITC’s manufacturing and sourcing capabilities to lower input costs and improve capacity utilization.
- Increase visibility through bundled promotions with ITC food brands, modern retail placements and quick-commerce partnerships.
- Consolidate Sproutlife financials and assess further investments in health-focused packaged-food brands.