In early 2026, Elitecon International outperformed tobacco giants ITC and Godfrey Phillips following massive tax overhaul. While domestic-heavy players saw shares tumble due to new excise duties effective February 1, Elitecon’s export-led model remains zero-rated. With 581% surge in H1FY26 sales and staggering ₹875 crore contract, Elitecon has successfully insulated itself from domestic volatility