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.
ITC confirms Sproutlife Foods (Yoga Bar maker) becomes its subsidiary effective April 1, 2026, with board nomination rights. ITC is scaling its FMCG/food business, aided by GST rationalisation; director David Simpson resigned.
Why this matters
The subsidiary move extends ITC's health-focused FMCG expansion, following recent efforts to convert agri-byproducts into a margin lever alongside Godrej Agrovet and Suguna.
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