Elitecon eyes Rs 20,000 cr revenue by FY30; stock jumps 20%
Elitecon International unveiled a Rs 20,000 crore FY30 revenue target, backed by a Rs 700 crore FMCG push from a 40,000 sq ft Nashik plant, a $119 million tobacco export order book and the Rs 202 crore Bozza deal. Distribution spans 5,000 distributors and 5 lakh outlets across 10 brands.
Elitecon International stock jumped 20% after the cigarette and tobacco maker unveiled a Rs 20,000 crore FY30 revenue target, anchored on tobacco exports and a phased FMCG entry into packaged foods, snacks and edible oils via its Nashik plant.
Why this matters
Builds on Elitecon's recently disclosed Rs 700 crore FMCG roadmap and 20% upper circuit rally, formalizing a Rs 20,000 crore FY30 target backed by Nashik manufacturing and the Bozza deal.
Retail-company signals steady at 2,581 over the last 90 days.