Elitecon International Limited (EIL), a company listed on the Bombay Stock Exchange (BSE), announced today that it has been awarded a significant long-term supply contract for tobacco and allied products. The contract, valued at $97.35 Million (approximately ₹8.75 billion), spans a period of two years and significantly boosts Elitecon’s international export visibility.
The Long-Term Supply Contract ("LTSC") was awarded by Yuvi International Trade FZE, an international entity operating out of the Ajman Free Zone in the United Arab Emirates (UAE).
The contract mandates the supply of various tobacco products, including cigarettes, premix sheesha, hookah tobacco, smoking mixtures, and other tobacco-allied products. The execution period for this long-term supply agreement is two years, with the contract scheduled to commence on the 1st day of January 2026.
Elitecon International Limited, which maintains its administrative office and factory in Nashik, Maharashtra, is the seller. The long-term contract outlines a scheduled delivery plan spanning from March 2026 through December 2027. Specific payment terms for the quarterly delivery amounts dictate that payment is due 90 days after delivery.
Elitecon views this substantial order as a crucial step toward solidifying its business stability and achieving long-term growth.
The agreement, which was awarded in the normal course of business, provides the company with steady export visibility over the contract period. Furthermore, the LTSC is expected to support the efficient utilisation of Elitecon’s manufacturing capacities and facilitate better operational planning.
Crucially, the contract specifically strengthens the Company’s presence in Middle Eastern markets and aligns with its ongoing strategy of expanding exports and building a scalable business model.
The buyer, Yuvi International Trade FZE, is identified as a merchant trader involved in the purchase of tobacco commodities and other allied products from Elitecon International Limited. Elitecon International, including its wholly-owned subsidiary Golden Cryo Private Limited, acts as the seller authorized to manufacture, store, handle, and ship the products.
Elitecon International Limited (EIL), a company in the tobacco industry, has reported strong earnings for Q2 and H1FY26. For the quarter ended September 30, 2025, consolidated revenue from operations reached ₹2,192 crore, marking a 318% QoQ growth. PAT came in at ₹117.19 crore, up 62.58% QoQ. For H1FY26, revenue from operations was ₹3,735 crore, with PAT at ₹207.59 crore. EPS for the period stood at ₹1.30.
EIL recently acquired a 55% stake in Landsmill Agro Private Limited and a 51.65% stake in Sunbridge Agro Pvt Ltd for cash consideration. These acquisitions aim to strengthen EIL’s FMCG business vertical and consolidate its presence in agro products and allied activities. The company plans to acquire 100% equity in both companies within 12 months to enhance operational scale, product depth, and diversify revenue streams.
Elitecon International operates in manufacturing and trading a range of tobacco products, including cigarettes, smoking mixtures, and sheesha. The company exports to markets such as the UAE, Singapore, Hong Kong, the UK, and Europe. EIL is exploring expansion into new product categories like chewing tobacco, snuff, match lights, matches, and tobacco accessories to broaden its offerings.
On Thursday, Elitecon International share price made an intraday high of ₹128. In the last 12 months, the stock price has given returns of 1,285%.
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