Elitecon Eyes Global Expansion Amid Record Revenue Growth
Elitecon International Limited has completed its first year of operations in FY2025-26. The company, which operates across tobacco and allied products, edible oil, and agro, as well as international FMCG trading through subsidiaries in the UAE and Singapore, is focused on expanding its presence in Middle East, Africa, and ASEAN markets.
The group reported consolidated revenue from operations of Rs 5,074.80 crore for FY2025-26, compared to Rs 548.76 crore in FY2024-25. Consolidated profit after tax stood at Rs 185.06 crore, against Rs 69.65 crore in the previous financial year.
Elitecon is also exploring joint ventures with overseas companies to manufacture products abroad and bring global partners' capabilities to India. The company's Managing Director, Pradeep Kumar, said, 'We enter the new year with a strengthened Board and leadership team and a clear agenda: expanding capacity in both tobacco and edible oil, deepening our presence across the Middle East, Africa, ASEAN and Europe, and exploring joint ventures with overseas companies.'