Elitecon plots Rs 20,000 cr FY30 revenue, Rs 700 cr FMCG push from Nashik plant
Tobacco-FMCG firm Elitecon International outlined a Rs 20,000 cr FY30 revenue blueprint, anchored by a Rs 700 cr FMCG investment into packaged foods, snacks and edible oils. The 40,000 sq ft Nashik facility will feed 150+ SKUs through 5,000 distributors targeting 5 lakh retail outlets. Stock jumped 11% on 24 lakh+ shares traded.
Elitecon International stock jumped 11% on heavy volumes after the tobacco-FMCG company outlined a Rs 20,000 cr FY30 revenue plan, including Rs 700 cr FMCG expansion into packaged foods, snacks and edible oils via its Nashik plant, targeting 5 lakh retail outlets.