Penny Stock Under Rs 10: Elitecon International Completes 1 Year of Overseas Operations, Explores Global JVs

Elitecon International Limited, which operates across tobacco and allied products, edible oil and agro-processing, and international FMCG trading, has completed one year of operations through its overseas subsidiaries in the United Arab Emirates and Singapore.

The company’s international subsidiaries are engaged in FMCG and electronics trading across markets in the Middle East, Africa and ASEAN regions. As part of its expansion strategy, Elitecon is also evaluating potential joint ventures with overseas companies. The proposed partnerships could include manufacturing operations in international markets, as well as bringing global products and capabilities to India through Elitecon’s distribution network.

The company said that any confirmed joint-venture agreements will be disclosed to the stock exchanges in accordance with applicable regulatory requirements. Elitecon is currently focusing on expanding capacity in its tobacco and edible oil segments, strengthening its international presence and exploring collaborations with overseas partners.

For FY2025–26, the group reported consolidated revenue from operations of Rs 5,074.80 crore, compared with Rs 548.76 crore in FY2024–25. Consolidated profit after Tax stood at Rs 185.06 crore, compared with Rs 69.65 crore in the previous financial year.

The company noted that the consolidated financial results include only six months of contribution from edible-oil subsidiaries Sunbridge Agro and Landsmill Agro, which were consolidated from September 30, 2025. Their full-year contribution will be reflected from FY2026–27 onwards.

On a standalone basis, Elitecon International reported revenue from operations of Rs 1,529.50 crore in FY2025–26, compared with Rs 297.51 crore in FY2024–25. Standalone profit after tax stood at Rs 13.09 crore during the year, compared with Rs 32.21 crore in the previous financial year.

Following the acquisition of Sunbridge Agro and Landsmill Agro, Elitecon has expanded its presence across the edible-oil and agro-processing value chain, covering refining, storage, port-linked infrastructure and distribution.

The company is also undertaking capacity expansion at its Kandla and Mathura facilities while strengthening its storage and distribution infrastructure to cater to both domestic and export markets.

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