Multibagger stock in focus: Although the Indian stock market remained under pressure, multibagger Elitecon International continues to attract investors’ interest, as its shares were locked under a 5% upper circuit limit in Tuesday’s intraday session (September 23), reaching ₹204.85 apiece. This marked the fourth consecutive day of such gains.

After remaining under pressure for a month, the shares rebounded last week and have continued to hold onto the same momentum despite the broader market fluctuating widely.

The company produces and trades cigarettes, smoking mixtures, sheesha, and other related tobacco products in both domestic and international markets. It currently conducts business in the UAE, Singapore, Hong Kong, and other European countries, including the UK, and has additional product lines, including chewing tobacco, snuff grinders, match lights, matches, matchboxes, pipes, and other items.

Stock rises over 7,000% in one year

Barring heavy losses in September due to profit booking, the stock has largely maintained its winning streak in recent months, making it one of the biggest wealth creators in the Indian stock market so far in 2025.

Over the last nine months, including September, ₹10.16 to the latest price of ₹204.85″>the stock has grown from ₹10.16 to the latest price of ₹204.85, resulting in a gain of nearly 2,000%. This rally has pushed the stock’s one-year gain to 7,295% and its five-year return to 20,385%.

Stellar performance in June quarter

In Q1 FY26, multibagger Elitecon International delivered a standalone performance that exceeded expectations, with revenue rising 302% YoY to ₹199.23 crore and EBITDA jumping 325% YoY to ₹20.93 crore from ₹5 crore in the same period last year.

On the bottom line, net profit improved by 350% YoY to ₹20.5 crore from ₹4.54 crore in Q1 FY25, supported by strong topline performance and effective cost management.

Expanding into FMCG items

The company is actively expanding into FMCG categories such as packaged foods, edible oils, and beverages, while strengthening its agri-commodities vertical in rice, pulses, and dry fruits.

To support this growth and further scale its global presence with a pipeline of future-ready, sustainable products, ₹300 crore fundraising”>the board of directors has recently approved an ₹300 crore fundraising through a Qualified Institutional Placement (QIP).

According to the company, the raised funds will be used to acquire high-potential FMCG companies via its wholly owned subsidiary, aiming to expand market presence and leverage operational synergies.

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