Elitecon International, a prominent player in the fast-moving consumer goods (FMCG) sector, is set to raise ₹300 crore through an equity share issuance via Qualified Institutional Placement. The funds generated will be directed towards the acquisition of Sunbridge Agro and Landsmill Agro, marking a crucial step in the company’s growth strategy.
Sunbridge Agro operates a state-of-the-art edible oil refinery with a capacity of 800 metric tons per day, complemented by a storage infrastructure of 9,250 metric tons, which is slated for expansion to 15,000 metric tons. Additionally, it boasts a customs-bonded warehouse with a capacity of 20,000 metric tons located at Kandla Port. In the financial year 2024-25 (FY25), Sunbridge reported net sales of ₹1,443 crore and a profit of ₹34 crore. Projections for FY26 anticipate a rise to ₹2,520 crore in net sales and a profit of ₹73 crore, reflecting a 75% growth in revenue and more than doubling of profits within a year.
Similarly, Landsmill Agro runs a modern processing facility with a capacity of 235 metric tons per day in Mathura, supported by storage infrastructure at Kandla Port. The company recorded revenues of ₹1,395 crore and a profit of ₹25 crore in FY25. For FY26, Landsmill is expected to achieve ₹1,800 crore in revenues and a profit of ₹44 crore, representing a 29% increase in sales along with a 72% growth in profits.
Landsmill Agro’s extensive distribution network, which includes over 500 distributors across India, supplies major institutional clients, including some of India’s largest FMCG and food companies. This strategic acquisition is expected to enhance Elitecon’s ability to expand its FMCG portfolio into new markets.
In FY25, Elitecon reported consolidated net sales of ₹549 crore and a profit of ₹70 crore. In the first quarter of FY26, the company’s sales reached ₹525 crore with a profit of ₹72 crore, driven by its venture into new business segments and the scaling of international operations.
Vipin Sharma, Managing Director of Elitecon International, remarked that by augmenting scale and capabilities in edible oils and household consumables, the company aims to strengthen its FMCG portfolio and create long-term value for its shareholders. He added that with Elitecon’s robust performance in FY26 already surpassing the previous year’s achievements within a single quarter, the company is positioned for an exciting phase of accelerated growth.
Published on September 25, 2025.
