ITC completes 100% acquisition of Sproutlife Foods for ₹645 crore cash

Acquisition of Sproutlife Foods Private Limited

• Target: Sproutlife Foods Private Limited, India-based producer of Yoga Bar foods.
• Acquisition completed on 28 September 2026; ITC now holds 100% stake.
• Purchase consideration: cash; total cost around ₹645 crores.
• Post-acquisition shareholding: 100% (up from ~47.5%).
• Not a related party transaction; no promoter group interest.
• Industry: New and innovative food products; sector: foods.
• Strategic rationale: augments ITC's future-ready foods portfolio.
• Regulatory approvals: none required.
• Background: incorporated 13 February 2015; Yoga Bar brand.
• Business: manufacture and sale of food products; online D2C with growing offline presence.
• Turnover (last three years): ₹108 cr (2023-24); ₹200 cr (2024-25); ₹452 cr (2025-26).