ITC to make Yoga Bar maker Sproutlife Foods a subsidiary from April 1, 2026
ITC confirmed Sproutlife Foods, the Kolkata-based company behind Yoga Bar, becomes its subsidiary effective April 1, 2026, with board nomination rights. The move deepens ITC's push into health-focused FMCG/food, aided by GST rationalisation. Director David Simpson has resigned.
What happened
ITC Limited · ITC confirms Sproutlife Foods (Yoga Bar maker) becomes its subsidiary effective April 1, 2026, with board nomination rights. ITC is scaling its
Key facts
- April 1, 2026
Why this matters
The subsidiary conversion with board nomination rights and a director exit shows ITC consolidating governance control, a template for further bolt-on health-food acquisitions.
What to watch
- April 1, 2026 subsidiary effective date and consolidated reporting
- Further senior exits beyond David Simpson signalling integration strain
- GST rate changes on packaged health foods affecting category pricing
- Competitor responses from Nestle/Mondelez and D2C nutrition brands
- Sproutlife revenue run-rate vs ITC's stated health-FMCG targets
- ITC consolidates Sproutlife financials and discloses revenue/margin contribution from Q1 FY27
- Cross-listing Yoga Bar SKUs on ITC e-Store and expanding GT placement
- Potential founder earn-out/lock-in clarifications and key-management retention plans
- New product launches in protein/healthy-snacking under ITC nutrition umbrella