Shares of multibagger stock Elitecon International climbed 7% from the day’s low, benefiting from a recovery in the domestic benchmark indices. The Elitecon International share price today opened at ₹81.95 each on the BSE and reached an intraday high of ₹87 per share, with an intraday low of ₹81.51.
The Nifty 50 and Sensex declined on Wednesday as foreign investors continued to sell amid worries about trade conflicts, rising crude oil prices, and geopolitical tensions. Nevertheless, the main indices bounced back, but volatility continues to linger.
Elitecon International recently revealed that its board is considering a strategic merger plan aimed at enhancing business synergies.
The board’s consideration of the merger plan marks a crucial move towards business consolidation for Elitecon International. This proposed initiative involves the company’s group firms and is intended to improve operational efficiencies and foster stronger business synergies within the organization.
To support this strategic effort, the company has engaged Deloitte Touche Tohmatsu India LLP as its advisor for the intended merger plan.
Elitecon International – Q2 Results
Elitecon International experienced remarkable revenue growth, with total operational income reaching ₹5,056.75 crore in Q2 FY2026, a considerable increase from ₹802.42 crore during the same quarter last year. This notable rise was mainly fueled by strong performance in the Tobacco Products and FMCG Products sectors.
The company’s profitability also significantly improved, with profit before tax climbing to ₹224.34 crore, compared to ₹95.45 crore in Q2 FY2025. The net profit for this quarter amounted to ₹201.96 crore, reflecting a 129% year-over-year increase.
Company details
Elitecon International mainly operates in the fast-moving consumer goods (FMCG) and tobacco export industries, establishing itself as a top player in these fields. The suggested merger plan may enhance the company’s competitive edge by merging resources and improving operations across its affiliated entities.
The firm’s choice to engage in this corporate initiative demonstrates its strategic intent to refine business processes and maximize synergies within its organizational framework. The assessment process will probably include thorough due diligence and adherence to regulatory requirements before any conclusive actions are taken.
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