Upper circuit alert: FMCG stock surges 20% as company unveils Rs 700 crore expansion, check share price

Shares of diversified FMCG company Elitecon International hit the upper circuit on Wednesday, June 10, 2026, as the company has shared a Rs 700 crore expansion plan. Under this expansion plan, the company has outlined an indicative capital outlay of Rs 700 crore. With this, the company plans to build a distribution network targeting 5,000 partners and presence across 5,00,000+ retail outlets and 15+ international markets over time. The company also aims to develop a portfolio featuring 10 consumer brands and over 150 stock keeping units (SKUs). According to the company, the production will be spearheaded by its existing manufacturing facility in Nashik. The firm also said that the facility is undergoing capacity additions and automation upgrades.