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ITC Acquires Sproutlife Foods for Rs 645 Crore, Gains Full Ownership of Yoga Bar Brand
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News18•28-09-2026, 22:30
ITC Acquires Sproutlife Foods for Rs 645 Crore, Gains Full Ownership of Yoga Bar Brand
- •ITC Ltd has acquired the remaining 52.5% stake in Sproutlife Foods Private Ltd for approximately Rs 645 crore, making it a wholly-owned subsidiary.
- •The acquisition was completed on September 28, increasing ITC's shareholding in Sproutlife Foods, the company behind the 'Yoga Bar' brand, from around 47.5% to 100%.
- •ITC acquired 13,445 equity shares of Sproutlife Foods through a secondary purchase for cash consideration.
- •This acquisition aligns with ITC's strategy to augment its future-ready portfolio in the foods segment.
- •Sproutlife Foods, incorporated in February 2015, reported a turnover of Rs 452 crore in 2025-26, up from Rs 200 crore in 2024-25 and Rs 108 crore in 2023-24.
Key Questions Answered
ITC acquired the remaining 52.5 per cent stake in Sproutlife Foods Private Ltd for approximately Rs 645 crore through a secondary purchase for cash consideration.
Sproutlife Foods manufactures and sells health-focused food products under the popular 'Yoga Bar' trademark.
Sproutlife Foods reported a turnover of Rs 452 crore in 2025-26, showing significant growth from Rs 200 crore in 2024-25 and Rs 108 crore in 2023-24.
