ITC acquires control of Sproutlife Foods

ITC Limited has formally announced that Sproutlife Foods, the manufacturer of the health-focused brand Yoga Bar, has become its subsidiary effective April 1, 2026. This strategic move gives ITC Limited control over Sproutlife Foods by securing the right to nominate a majority of directors on its board, despite holding approximately 47.5% of its share capital. The acquisition aligns with ITC Limited's strategy to augment its future-ready portfolio in the foods segment, particularly in new and innovative food products. Sproutlife Foods has shown significant growth, with a turnover of Rs 200 crore for the 2024-25 fiscal year. This development follows ITC Limited's earlier announcement in January 2023 to acquire 100% of Sproutlife Foods over three to four years. Additionally, ITC Limited recently dissolved its US-based step-down subsidiary, Blazeclan Americas Inc., as part of a broader restructuring exercise, though this had a negligible impact on ITC Limited's overall business.