ITC (ITC) M&A Presentation summary

Strategic acquisition overview

• 100% acquisition of Sresta Natural Bioproducts (24 Mantra Organic) for Rs. 400 crore upfront, with up to Rs. 72.5 crore additional consideration over two years based on pre-agreed criteria.

• Founder Raj Seelam to assist in transition and remain with the business for two years; transaction expected to close in Q1 FY26.

Business profile and market position

• Leading organic staples player in India with ~Rs. 300 crore revenue; 50% international sales, mainly US.

• Pioneer in organic movement for 21 years, with omni-channel presence and strong US market footprint.

• Own distribution setup and robust backend sourcing network covering 1.4 lakh acres of certified organic land.

• Extensive certifications including USDA Organic, India APEDA Organic, FSSC 22000, and FSSAI.

Product portfolio

• Wide range of organic products: core staples, specialty staples, spices, condiments, and processed foods.

• Notable products include organic rice, wheat, jaggery, honey, pulses, spices, and ready-to-cook items.