Archive · 25 Sep 2026
Elitecon Plans Global FMCG Expansion Through Overseas Ventures
Elitecon International wants to grow its business in several overseas markets.
These markets include West Asia, Africa, ASEAN countries and Europe.
The company trades in everyday consumer products and electronics.
It has subsidiaries in the United Arab Emirates and Singapore.
Elitecon is also considering partnerships with companies in other countries.
These partnerships could help it make products abroad or bring foreign products and skills to India.
The company’s total group revenue and profit were much higher in FY26 than in FY25.
However, its standalone profit, which measures the main company by itself, went down.
Recent acquisitions also gave Elitecon businesses involved in edible oil, refining, storage and distribution.
Elitecon plans to expand FMCG and electronics trading across West Asia, Africa, ASEAN markets and Europe.
The company is exploring overseas joint ventures to manufacture products abroad and bring foreign capabilities to India.
Its UAE and Singapore subsidiaries completed a full year of operations during FY26.
Consolidated FY26 revenue rose to ₹5,074.80 crore from ₹548.76 crore, while profit after tax increased to ₹185.06 crore from ₹69.65 crore.
Acquisitions of Sunbridge Agro and Landsmill Agro expanded Elitecon’s edible-oil and agro-processing operations, while standalone profit declined.
- Who
- Elitecon International Limited, led by Managing Director Pradeep Kumar.
- What
- The company plans international FMCG and electronics expansion, overseas joint ventures, and greater tobacco and edible-oil capacity.
- When
- The plans and FY26 results were reported on September 24, 2026.
- Where
- Expansion targets West Asia, Africa, ASEAN markets and Europe, while Indian capacity is being expanded at Kandla and Mathura.
- Why
- Elitecon aims to deepen international operations, meet domestic demand and create capacity for export markets.
Expansion Opportunity
Financial Caution
Overall financial performance
Expansion Opportunity
Consolidated revenue and profit increased sharply in FY26, supported partly by the acquired edible-oil businesses.
Financial Caution
The FY26 consolidated figures include only six months of profits from Sunbridge Agro and Landsmill Agro, so they do not represent a full year of their contribution.
Company-level profitability
Expansion Opportunity
Elitecon’s standalone revenue grew substantially, indicating increased business activity at the company level.
Financial Caution
Standalone profit fell to ₹13.09 crore from ₹32.21 crore, despite the increase in standalone revenue.
International strategy
Expansion Opportunity
Overseas joint ventures could support manufacturing abroad and bring international products and capabilities to India.
Financial Caution
The company is still exploring partnerships, and any definitive joint-venture agreement has not yet been announced.
- FY26 consolidated revenue
- ₹5,074.80 crore, compared with ₹548.76 crore in FY25
- FY26 consolidated profit after tax
- ₹185.06 crore, compared with ₹69.65 crore in FY25
- Standalone FY26 revenue
- ₹1,529.50 crore, compared with ₹297.51 crore in FY25
- Standalone FY26 profit after tax
- ₹13.09 crore, compared with ₹32.21 crore in FY25
- Target markets
- West Asia, Africa, ASEAN markets and Europe
- International subsidiaries
- Subsidiaries in the United Arab Emirates and Singapore completed a full year of operations during FY26
- Acquisitions and capacity
- Sunbridge Agro and Landsmill Agro added edible-oil and agro-processing operations; refining and processing capacity is being expanded at Kandla and Mathura
