Elitecon International plans to expand its international FMCG and electronics trading operations across West Asia, Africa and ASEAN markets, while exploring joint ventures with overseas companies to manufacture products abroad and bring global capabilities to India.
The company, which operates across tobacco and allied products, edible oil and agro-processing and international FMCG trading, said its subsidiaries in the UAE and Singapore completed a full year of operations during FY26.
Elitecon will evaluate overseas partnerships that could work in both directions — manufacture products in international markets and bring foreign companies’ products and capabilities to India through its distribution and business platforms.
Any definitive joint-venture agreement will be disclosed to the stock exchanges in accordance with applicable regulations, said the company.
Pradeep Kumar, Managing Director, Elitecon International said the company has strengthened Board and leadership team with clear agenda to expand capacity in both tobacco and edible oil and deepen presence across West Asia, Africa, ASEAN and Europe besides exploring joint ventures with overseas companies.
In FY26, the Group reported consolidated revenue from operations of ₹5,075 crore, compared with ₹549 crore in FY25. Consolidated net profit increased to ₹185 crore (₹70 crore).
The acquisitions of Sunbridge Agro and Landsmill Agro have expanded Elitecon’s presence across refining, storage, port-linked infrastructure and distribution in the edible-oil and agro-processing value chain.
The company is expanding refining and processing capacity at its Kandla and Mathura facilities while strengthening storage and distribution networks. The expansion is aimed at meeting domestic demand and creating capacity for export markets.
Elitecon said international expansion and capacity building across tobacco and edible oil would remain key components of its growth strategy.
Published on September 24, 2026
