ITC Limited Acquires Sproutlife Foods

ITC Limited has formally announced that ITC Limited===Sproutlife Foods Private Limited, the manufacturer of the health-focused brand ITC Limited===Yoga Bar, has become its subsidiary effective April 1, 2026. This milestone follows a multi-year acquisition strategy, with ITC Limited securing the right to nominate a majority of directors on the Board of ITC Limited===Sproutlife Foods, despite holding 47.50% of its share capital. The acquisition is in line with ITC's strategy to augment its future-ready portfolio in the foods segment, particularly targeting new and innovative food products. ITC Limited===Sproutlife Foods, known for its digital-first approach and growing offline presence, reported a turnover of Rs 200 crore for the 2024-25 fiscal year. This move is part of chairman Sanjiv Puri's 'ITC Next' strategy, focusing on building a portfolio that serves evolving consumer needs. Separately, ITC Limited also dissolved its US-based step-down subsidiary, Blazeclan Americas Inc., effective March 24, 2026, as part of a broader restructuring exercise, though this had negligible impact on ITC's overall business.