New Delhi [India], March 09: Elitecon International Ltd (formerly Kashiram Jain & Company Ltd) today announced robust financial results for the quarter and nine months ended December 31, 2025, reporting a sharp surge in revenue and profit driven by strong expansion across its tobacco and fast-moving consumer goods (FMCG) businesses. For the October–December 2025 quarter (Q3 FY26), consolidated total revenue jumped to Rs 1,741.26 crore compared with Rs 54.12 crore in the same quarter last year, a year‑on‑year increase of 3,117.2 per cent, while on a sequential basis, revenue moderated 20.6 per cent from Rs 2,192.09 crore in Q2 FY26. Net profit after tax (PAT) for the quarter stood at Rs 103.57 crore, up 676.3 per cent from Rs 13.34 crore in Q3 FY25, although PAT eased 12.8 per cent quarter‑on‑quarter from Rs 118.80 crore.
On a standalone basis, Elitecon also delivered strong performance with revenue from operations rising to Rs 502.73 crore, a 938.6 per cent increase from Rs 48.4 crore in Q3 FY25, and standalone net profit increasing to Rs 9.53 crore versus just Rs 0.01 crore a year earlier. The group's tobacco products segment remained a principal revenue contributor, accounting for Rs 431.73 crore of consolidated revenue during the quarter, while the FMCG products vertical generated Rs 1,309.13 crore, underscoring the company's rapid expansion into consumer goods and diversification of its business mix.
At the board meeting chaired by Managing Director Vipin Sharma, the company reviewed several operational and regulatory developments. On January 8, 2026, the Food and Drug Administration conducted an inspection at Elitecon's Nashik facility and seized certain inventories of tobacco products (other than cigarettes) along with packing machines; the company is evaluating the financial implications of this action and has stated that current business operations continue normally. The board also discussed strategic acquisitions: Elitecon has entered agreements to acquire majority stakes in Sunbridge Agro Private Ltd and Landsmill Agro Private Ltd. While part consideration has been paid and shares transferred, completion of those acquisitions has been delayed pending the conclusion of a planned Qualified Institutional Placement (QIP) funding that could not be finalized.
Elitecon is in the midst of a structural transition that includes adoption of Ind‑AS accounting standards and integration of international subsidiaries, including Elitecon International FZ LLC in Dubai and Elitecon International PTE Ltd in Singapore. The company has also relocated its headquarters to a new office in Okhla, New Delhi, as part of broader organizational consolidation and growth planning. Market confidence in the company is reflected in its market capitalization of over Rs 8,369.75 crore and a strong stock performance, with the share price rising more than 108 per cent over the last year and over 3,800 per cent over the last five years.
The board reaffirmed its commitment to driving disciplined growth across its core tobacco and FMCG portfolios, completing strategic acquisitions when funding conditions allow, and maintaining operational continuity while addressing regulatory matters. Management emphasized that the company will continue to prioritise integration, compliance, and market expansion to sustain long‑term value creation for shareholders.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor