ITC stock to absorb Yoga Bar maker Sproutlife without new shares

Published on 11/10/2026 at 17:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ITC stock will absorb Yoga Bar maker Sproutlife Foods after board approval. The plan targets simpler operations without issuing new shares.

ITC streamlines its food portfolio

ITC's board approved the proposed amalgamation of Sproutlife Foods on November 2, subject to statutory and regulatory approvals.
Sproutlife reported FY26 turnover of Rs 451.71 crore and operates the Yoga Bar health-food brand.
The transaction is intended to simplify the group structure without changing ITC's shareholding pattern.

ITC, INE154A01025, Illustration mit AI erstellt.

ITC's board approved the proposed amalgamation of Sproutlife Foods Private Limited on Monday, November 2, 2026, according to The Economic Times. The proposed scheme would merge the wholly owned health-food subsidiary into ITC, subject to the required statutory and regulatory approvals.

Health foods move closer to parent

Sproutlife makes bars, muesli, oats, protein-rich foods and peanut butter under the digital-first Yoga Bar brand. The company reported turnover of Rs 451.71 crore, total assets of Rs 150.07 crore and net worth of Rs 5.22 crore in fiscal 2026, based on audited standalone accounts.

ITC said the combination is intended to integrate operations, improve the use of financial and managerial resources and simplify its corporate structure. The proposed effective date is April 1, 2026, while completion still depends on the remaining approval process.

No new shares in proposed deal

ITC stated that the amalgamation would not change its shareholding pattern and would not require the issue of fresh shares. For investors, the structure points to an internal consolidation rather than an equity-funded expansion, while the financial contribution from the health-food business remains a key factor in assessing its longer-term significance.