Multibagger stock: Elitecon International share price rose 5% to ₹120.58, hitting the upper circuit for the seventh session straight on Tuesday, December 16, after the company announced that it has secured a long-term supply contract from Yuvi International Trade FZE.
Elitecon International share price has been rallying over the past six days, gaining 27.40% during this period.
Meanwhile, the stock has doubled investors' wealth by giving multibagger returns of 120% in just six months and more than 1,000% on a year-to-date (YTD) basis.
Elitecon International new deal win
In an exchange filing on Monday, Elitecon International announced that it has been awarded a long-term supply contract from Yuvi International Trade FZE, a UAE-based company, worth $97.35 million ( ₹875 crore).
Under the contract, the company will supply cigarettes, premix sheesha, hookah tobacco, smoking blends, and other tobacco-related products. The agreement includes a one-year lock-in clause and is expected to ensure consistent export volumes over the contract period.
The company stated that the agreement is expected to enhance capacity utilisation and improve efficiency in manufacturing and logistics planning. It also reinforces Elitecon’s foothold in Middle Eastern markets, where demand for tobacco-related products remains robust.
“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,” said Vipin Sharma, Managing Director at Elitecon International.
The company further informed that its wholly owned subsidiary, Golden Cryo Private Limited, has been authorised to manufacture, store, handle, and dispatch products on behalf of Elitecon International under the agreement. The contract will take effect from January 1, 2026, and will be valid for a period of two years, unless ended earlier.
Elitecon International Q2 results 2025
Elitecon International posted a strong showing in the September 2025 quarter (Q2 FY26), registering significant growth across its key financial indicators.
Quarterly net sales soared 318% to ₹2,192.09 crore, while net profit increased 63% to ₹117.20 crore compared with Q1 FY26, highlighting solid operational performance.
For the first half of FY26, revenue surged 581% to ₹3,735.64 crore, and net profit rose 195% year-on-year from H1 FY25, reflecting sustained demand and enhanced operating scale.
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