Indian equity markets opened sharply lower on Friday, following weak cues from Asian and US markets overnight. The Sensex began the session near 82,805, down 506 points, or 0.61%, while the Nifty50 traded at 25,363, shedding 147 points, or 0.58%.
Meanwhile, Elitecon International Limited (EIL), a leading player in the tobacco industry, reported stellar earnings for H1FY26.
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.
The board of the company has declared an Interim Dividend of ₹0.05 per equity share of ₹1 each for the financial year 2025-26. The board has fixed Wednesday, November 12, 2025, as the record date.
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.
EIL owns several distinct brands, including Inhale (cigarettes), Al Noor (sheesha), and Gurh Gurh (smoking mixtures), catering to varied consumer preferences. The company focuses on long-term growth and is scaling its manufacturing capabilities and workforce to meet increasing demand.
The company operates a state-of-the-art manufacturing facility with automated machinery for high-quality output and operational efficiency. Technological upgrades and a robust warehousing infrastructure enhance EIL’s ability to meet dynamic market demands efficiently.
Elitecon emphasizes product innovation, with an experienced R&D team developing new blends, flavors, and formats aligned with global trends. Flexible production capabilities allow EIL to customize products to meet specific client requirements, ensuring responsiveness and customer satisfaction.
On Friday, Elitecon International share price locked in the 5% upper circuit. The stock price has surged massively in recent times with over 3,300% returns in the last 12 months.
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