By Bl Mumbai Bureau
Copyright thehindubusinessline
Elitecon International, a global leader in the FMCG sector, plans to raise ₹300 crore by issuing equity shares through Qualified Institutional Placement.
The funds raised will be used to acquire Sunbridge Agro and Landsmill Agro, a major strategic move aimed at strengthening the company’s growth.
Sunbridge Agro operates a modern edible oil refinery of 800 MT per day with storage infrastructure of 9,250 MT (being expanded to 15,000 MT) and an additional 20,000 MT customs-bonded warehouse at Kandla Port.
The company reported FY25 net sales of ₹1,443 crore and profit of ₹34 crore. It is projected to achieve ₹2,520 crore in net sales and profit of ₹73 crore in FY26, translating into 75 per cent growth in top-line and more than doubling of profit in a year.
Similarly, Landsmill Agro operates a modern facility of 235 MT per day in Mathura supported by storage infrastructure at Kandla Port. The company reported revenue of ₹1,395 crore and profit of ₹25 crore in FY’25. It is estimated to achieve ₹1800 crore in revenue and profit of ₹44 crore in FY26, representing 29 per cent growth in sales and 72 increase in profit.
With over 500 distributors across India, Landsmill supplies to leading institutional buyers, including some of the country’s largest FMCG and food companies. As a strategic acquisition, this network will also enable Elitecon to expand the reach of its broader FMCG portfolio across new markets.
In FY25, Elitecon reported consolidated net sales of ₹549 crore and profit of ₹70 crore. In Q1 FY26 alone, it reported sales of ₹525 crore and profit of ₹72 crore driven by venture into new business segments and scaling up international operations.
Vipin Sharma, Managing Director, Elitecon International said by adding scale and capabilities in edible oils and household consumables the company will be strengthening the FMCG portfolio while creating long-term value for shareholders.
With our robust performance in FY26 already surpassing last year’s achievements in a single quarter, Elitecon International is poised for an exciting phase of accelerated growth, he said.
Published on September 25, 2025
