Diversified conglomerate ITC Ltd on Monday said it acquired the remaining 52.5 per cent stake in Sproutlife Foods, which manufactures and sells food products under “Yoga Bar”, for around ₹645 crore.
“The company today further acquired 13,445 equity shares of ₹10 each (through secondary purchase) of Sproutlife,” ITC said in a stock exchange filing.
“The company now holds 100 per cent of the entire share capital of Sproutlife. Accordingly, Sproutlife has become a wholly owned subsidiary of the company with effect from today,” it added.
The company said the acquisition of Sproutlife aligns with its strategy to strengthen its future-ready portfolio in the foods segment.
Sproutlife manufactures and sells food products under the “Yoga Bar” trademark. Positioned as a digital-first brand, Yoga Bar currently has high salience in online sales (D2C, e-commerce platforms, etc.), with a growing presence in offline stores.
As of March 31, 2026, ITC’s stake in Sproutlife Foods stood at 47.5 per cent, on a fully diluted basis, with cumulative investment of ₹255 crore. “During the year, Yoga Bar sustained its strong momentum in Bars, Muesli and Oats segments, complemented by expansion of the protein range across the portfolio and new launches in Plant Protein Powder segment. With effect from April 1, 2026, Sproutlife Foods Private has become a subsidiary of your company,” the cigarette-to-soap maker said in its FY26 annual report.
Published on September 29, 2026
