ITC to make Yoga Bar parent Sproutlife Foods a subsidiary from April 1, 2026
ITC will convert Sproutlife Foods, maker of health brand Yoga Bar, into a subsidiary effective April 1, 2026, securing director nomination rights. Director David Simpson has resigned. The move underpins ITC's FMCG scale-up, helped by GST rationalisation lifting its food division.
ITC will make Sproutlife Foods, maker of health brand Yoga Bar, a subsidiary effective April 1, 2026, with director nomination rights. Director David Simpson resigned; ITC plans FMCG scale-up, aided by GST rationalisation boosting its food division.
Why this matters
The subsidiary move deepens ITC's FMCG push beyond its Yoga Bar stake, echoing its drive to turn agri-byproducts into margin levers alongside Godrej Agrovet and Suguna.
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