News

Homegrown FMCG and tobacco export company Elitecon International on Wednesday reported a strong set of financial results for the July-September period, with a nearly three-times jump in net profit and a 6.4 times surge in sales.

Elitecon’s standalone net for the quarter ended stood at Rs 20.2 crore for the quarter ended September 30, 2025, marking a jump of 2.4 times over the corresponding period a year ago, according to a regulatory filing. Its sales grew 6.4 times on a year-on-year basis to Rs 504.9 crore, marking a phenomenal 538 per cent rise over the year-ago period. For the quarter ended September 30, 2024, the FMCG exported had registered a net profit of Rs 199.2 crore.

The company logged Rs 43.9 crore in its second-quarter earnings before interest, taxes, depreciation and amortisation (EBITDA). The strong financial performance, said the company, reflects its continued ability to translate operational scale into sustainable value creation.

Elitecon International also said that the sharp increase in revenue and profitability demonstrates not only its improved market penetration and cost efficiency, but also its successful diversification into higher-margin FMCG segments.

For shareholders and investors, these results signal stronger fundamentals, enhanced earnings visibility, and a clear trajectory toward long-term growth, it noted.

With a healthy balance sheet and expanding global footprint, Elitecon International said it remains well-positioned to deliver consistent returns and reinforce investor confidence in the quarters ahead.

“Our second quarter results demonstrate the power of our transformation strategy,” said Vipin Sharma, Managing Director, Elitecon International.

“We are seeing consistent traction across domestic and global markets, supported by capacity expansion, operational efficiency, and a sharp focus on value creation,” added Sharma.

Over the years, Elitecon International has grown into a diversified FMCG and global trade enterprise, with operations spanning more than 50 countries, including the UAE, the UK, and Singapore.

Elitecon International’s subsidiary, Golden Cryo Pvt Ltd, has become a fast-growing player in the FMCG space, supplying rice, pulses, sauces, dry fruits, and lifestyle beverages across more than 32 international markets.

Building on its strong performance, Elitecon International’s expansion plan includes launching proprietary food brands, scaling export-ready manufacturing, and adopting Artificial Intelligence and Machine Learning-driven production and compliance systems.

The company declared a dividend of five paise per equity share -- a five per cent payout given its face value of Re 1 per equity share.

Elitecon's board fixed November 12 as the record date for the dividend.

On Tuesday, Elitecon International shares jumped 4.3 per cent to close at Rs 162.8 apiece on BSE, outperforming a Mumbai market whose benchmark indices fell about half a per cent each.