Elitecon International Gains 4 Percent as Rs202 Crore Global Tobacco Deal Boosts Export Visibility

New Delhi [India], April 23: Elitecon International Ltd shares rose around 4 per cent on Thursday to Rs 43.20 from the previous close of Rs 41.20, after the company announced a significant international contract win valued at approximately Rs 202 crore. The development underscores growing investor confidence in the company's export-driven growth strategy.

The company has secured a long-term supply agreement with Bozza Tobacco (PTY) Ltd for the supply of cigarettes and tobacco-allied products. The contract, international in nature, will be executed over a period of two years and is expected to provide steady revenue visibility. The order includes the supply of multiple cigarette brands such as Red & Black, B&W, Cape, Ossum, Golden Flake, among others.

According to the company, the order has been received in the normal course of business and will aid in efficient capacity utilisation and streamlined operational planning. The deal also strengthens Elitecon's foothold in international markets, particularly South Africa, and represents a strategic step in expanding its presence across the African continent.

Management indicated that the long-term nature of the contract is likely to enhance revenue stability while improving business predictability. The agreement aligns with the company's broader strategy to build a scalable export-led business model and strengthen its global distribution network.

On the shareholding front, promoter holding saw a marginal dip from 59.50 per cent in June 2025 to 59.43 per cent in September 2025, remaining stable through December 2025. Foreign institutional investors slightly reduced their stake to 38.00 per cent by December, while public shareholding increased to 2.57 per cent. Notably, the shareholder base expanded sharply to 62,902 by December 2025.

Elitecon International continues to focus on strengthening its global presence through strategic partnerships and export opportunities.

Disclaimer: This article is for informational purposes only and does not constitute financial advice.

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