FMCG stock in focus as company targets revenue of Rs 20,000 crore by FY30, check share price and other details
Mumbai: Shares of Diversified FMCG Elitecon International Ltd are in focus after the company announced a major strategic shift to become a consumer-facing, multi-category FMCG powerhouse. The company, in an exchange filing, stated that it has set an ambitious revenue target of approximately Rs 20,000 crore by FY30, backed by a planned investment of Rs 700 crore to scale its domestic and global operations. To achieve this, it plans to build a network of over 5,000 distributors and over 500,000 retail outlets in India, and expand its presence in over 15 international markets. Share price today The stock started the…