Elitecon International Soars with $97 Million Export Contract

Big Win for Elitecon International

Elitecon International's share price surged 5% to ₹114.84 on Monday, December 15, after the company announced a major long-term export contract worth $97.35 million. This is the sixth straight session where the stock has hit a 5% upper circuit.

Details of the Contract

The company has secured a two-year supply contract from Yuvi International Trade FZE, a United Arab Emirates-based entity. The contract covers the supply of cigarettes, premix sheesha, hookah tobacco, smoking mixtures, and other tobacco-allied products. The deal includes a one-year lock-in period and will support steady export volumes throughout its duration.

What This Means for Elitecon International

According to the company, the contract will help improve capacity utilisation and streamline planning for manufacturing and logistics. It also strengthens Elitecon's position in the Middle Eastern markets, where demand for tobacco-allied products continues to show resilience.

Managing Director Vipin Sharma said, 'This long-term supply order provides the company with steady export visibility over the contract period and reflects continued demand for its products in international markets. The agreement supports efficient utilisation of capacities, stable operations, and strengthens our presence in Middle Eastern markets while aligning with our long-term growth strategy.'

Key Facts About the Contract

• The contract becomes effective on January 1, 2026, and will remain valid for two years, unless terminated earlier.
• The company's wholly-owned subsidiary, Golden Cryo Private Limited, is authorised to manufacture, store, handle, and ship products on behalf of Elitecon International under the terms of the agreement.

Elitecon International's Financial Performance

The company reported a robust performance for the September quarter of 2025 (Q2FY26), with net sales surging 318% to ₹2,192.09 crore, and net profit climbing 63% to ₹117.20 crore compared to Q1FY26.

For the first half of FY26, the company's sales jumped 581% to ₹3,735.64 crore, and net profit rose 195% over H1FY25, reflecting sustained demand and improved scale of operations.

Elitecon International Share Performance

The multibagger stock has soared 1000% in 2025 YTD and over 1,200% in the last 1 year. It has also rallied 119% in the past 6 months. However, in recent times, it has been under pressure, down 38% in the past 3 months and 15% in the last 1 month.

It has gained 33% in December so far after 3 months of losses. The stock shed 42% in November, 23% in October, and 41% in September.