Multibagger Small-cap Tobacco Stock Delivered Over 3,800% Returns in 5 Years Reports 3,117% Revenue Growth in Q3 FY26

On Friday, shares of Elitecon International Ltd fell 4.97 per cent to Rs 52.36 per share from its previous closing of Rs 55.10 per share. The stock’s 52-week high is Rs 422.65 per share and its 52-week low is Rs 24.1 per share. 

Elitecon International Ltd (formerly known as Kashiram Jain & Company Ltd) announced its financial results for the quarter and nine months ended December 31, 2025, reporting a sharp surge in revenue and profit driven by strong expansion in its tobacco and FMCG businesses.

During the October–December 2025 quarter (Q3 FY26), the company’s consolidated total revenue jumped to Rs 1,741.26 crore compared with Rs 54.12 crore in the same quarter last year, registering a massive year-on-year increase of 3,117.2 per cent. However, on a sequential basis, revenue declined 20.6 per cent from Rs 2,192.09 crore reported in Q2 FY26.

Net profit after Tax (PAT) for the quarter stood at Rs 103.57 crore, marking a 676.3 per cent rise from Rs 13.34 crore in Q3 FY25. On a quarter-on-quarter basis, profit slipped 12.8 per cent from Rs 118.8 crore in the previous quarter.

On a standalone basis as well, the company reported strong growth. Revenue from operations rose to Rs 502.73 crore, reflecting a 938.6 per cent increase from Rs 48.4 crore in Q3 FY25. Net profit surged to Rs 9.53 crore compared with just Rs 0.01 crore in the year-ago period.

The tobacco products segment remained the primary revenue driver for the group, contributing Rs 431.73 crore to consolidated revenue during the quarter. Meanwhile, the FMCG products segment generated revenue of Rs 1,309.13 crore, highlighting the company’s rapid expansion in the consumer goods segment.

During the board meeting chaired by Managing Director Vipin Sharma, several operational and regulatory developments were also discussed. On January 8, 2026, the Food and Drug Administration conducted an inspection at the company’s Nashik facility and seized certain inventories of tobacco products (other than cigarettes) along with packing machines. The company stated that it is evaluating the financial implications of the action, while current business operations continue normally.

Elitecon has also entered into agreements to acquire majority stakes in Sunbridge Agro Private Ltd and Landsmill Agro Private Ltd. While a part of the consideration has been paid and shares have been transferred, the complete acquisition has been delayed because the planned Qualified Institutional Placement funding could not be concluded.

The company is also contesting a legal matter before the Delhi High Court and the National Company Law Tribunal against Advik Capital Ltd regarding a petition seeking to quash an insolvency process. Additionally, Elitecon is responding to a show cause notice from the Directorate General of GST Intelligence related to the alleged wrongful availment of input tax credit between 2020 and 2024.

Elitecon International is currently undergoing a structural transition that includes the adoption of Ind-AS accounting standards and integration of its subsidiaries such as Elitecon International FZ LLC in Dubai and Elitecon International PTE Ltd in Singapore. The company has also shifted its headquarters to a new office in Okhla, New Delhi.

The company has a market cap of over Rs 8,369.75 crore. The stock price has surged over 108 per cent in the last one year and over 3,800 per cent in the last five years.

Disclaimer: The article is for informational purposes only and not investment advice.