ITC Acquires 100% Stake in Sproutlife Foods for ₹645 Crore
ITC Limited acquired 100% of Sproutlife Foods Private Limited for approximately ₹645 crores. Sproutlife, known for its 'Yoga Bar' brand, became ITC's wholly-owned subsidiary on September 28, 2026. This acquisition strengthens ITC's food portfolio. Sproutlife reported ₹452 crore turnover in FY26.
The acquisition, while strategic, involves a consideration of ₹645 crore, which is a significant but not transformative amount for a company of ITC's scale. It is expected to positively impact the company's food segment growth.
The acquisition of 100% stake in Sproutlife Foods Private Limited is a strategic move to expand ITC's food portfolio, which is generally viewed positively by the market.
ITC Limited has announced the completion of its acquisition of Sproutlife Foods Private Limited ('Sproutlife'), a company engaged in the manufacturing and selling of food products under the trademark ‘Yoga Bar’. The company acquired an additional 13,445 Equity Shares of ₹10 each through a secondary purchase, confirming the transaction at 8:05 p.m. on 28th September 2026.
Consequent to this acquisition, ITC now holds 100% of the entire share capital of Sproutlife, making it a wholly owned subsidiary effective from 28th September 2026. This move is in line with ITC's strategy to augment its future-ready portfolio in the foods segment.
The total consideration for the acquisition is approximately ₹645 crores. Sproutlife, incorporated on 13th February 2015, operates in India and is known for its digital-first brand 'Yoga Bar', with a significant online sales presence and growing offline retail presence. For the fiscal year 2025-26, Sproutlife reported a turnover of ₹452 crores, compared to ₹200 crores in 2024-25 and ₹108 crores in 2023-24.
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ITC Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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