Elitecon International targets ₹20,000 cr revenue by FY2030 with ₹700 cr FMCG push
Tobacco and FMCG firm Elitecon International rose up to 5%, trading near ₹26. The company plans a ~₹700 crore expansion into packaged foods, snacks and edible oils from its 40,000 sq ft Nashik plant, targeting 5 lakh retail outlets, 5,000 distribution partners and 10 consumer brands across 150+ SKUs.
Elitecon International shares rose up to 5%. The tobacco and FMCG firm targets ₹20,000 crore revenue by FY2030, planning ~₹700 crore FMCG expansion into packaged foods, snacks and oils via its Nashik plant, aiming for 5 lakh retail outlets and 10 brands.
Why this matters
Elitecon International, a tobacco and FMCG firm, is diversifying into packaged foods and edible oils, signaling a scaled retail distribution build-out toward its FY2030 revenue goal.
Retail-company signals accelerating, up +677700% QoQ.