Elitecon International's stock price increased by 2.78%, reaching ₹40.60, after the company announced a significant long-term supply contract valued at ₹2.02 billion for cigarettes and tobacco products. This contract, effective from April 6, 2026, includes well-known brands such as Red and Black, B&W, Cape, Ossum, and Golden Flake. The payment terms stipulate a 90-day period from delivery, providing the company with steady export visibility and reflecting strong demand in international markets. This agreement not only strengthens Elitecon's foothold in South Africa but also supports its broader strategy of expanding exports across Africa and the Middle East. Furthermore, the company reported a remarkable 676.4% increase in net profit, amounting to ₹103.57 crore, with net sales soaring 1,750% to ₹1,741.26 crore in the third quarter of FY26 compared to the same period last year. The contract is expected to enhance operational planning and contribute positively to the company's long-term growth and stability.