ITC Restricted has acquired the remaining 52.5% stake in Sproutlife Meals Personal Restricted, the corporate behind wholesome meals model Yoga Bar, for about Rs 645 crore, finishing its acquisition of the enterprise.

The FMCG firm acquired 13,445 fairness shares of Sproutlife via a secondary buy for a money consideration. The transaction elevated ITC’s shareholding from about 47.5% to 100%, making Sproutlife an entirely owned subsidiary of ITC with impact from 28 September 2026.

The most recent deal completes an acquisition course of that ITC started greater than three years in the past as a part of its efforts to broaden its presence in nutrition-led and health-focused meals.

How ITC constructed its stake in Yoga Bar

ITC first introduced plans to amass Sproutlife in January 2023, saying it supposed to take 100% possession of the corporate over a interval of three to 4 years.

Beneath the transaction construction introduced on the time, ITC deliberate to initially purchase a 47.5% stake in phases, with the remaining shareholding to be bought later primarily based on pre-agreed valuation standards.

ITC accomplished the primary tranche in Might 2023, buying a 39.42% stake on a totally diluted foundation for an mixture consideration of Rs 175 crore.

It subsequently elevated its holding to about 47.5% earlier than shopping for the remaining 52.5% within the newest transaction.

Sproutlife had already grow to be a subsidiary of ITC from 1 April 2026, regardless of ITC holding about 47.5% of its share capital on the time. This adopted ITC gaining the proper below the shareholders’ settlement to appoint a majority of administrators on Sproutlife’s board.

The September transaction gave ITC full possession of the corporate, making Sproutlife an entirely owned subsidiary.

Sproutlife turnover rises to Rs 452 crore

Sproutlife has recorded a pointy rise in turnover over the previous three monetary years.

The corporate reported turnover of Rs 452 crore in FY26, in contrast with Rs 200 crore in FY25 and Rs 108 crore in FY24.

Sproutlife manufactures and sells meals merchandise below the Yoga Bar model. Its portfolio consists of vitamin bars, muesli, oats and cereals.

ITC has described Yoga Bar as a digital-first model, with a big proportion of its gross sales coming via D2C and e-commerce channels and a rising presence in offline retail.

The brand was co-founded by Suhasini Sampath Kumar and Anindita Sampath Kumar.

When ITC first introduced the funding in 2023, it stated the transaction would strengthen its presence within the nutrition-led wholesome meals class and contribute to the event of a “future-ready” portfolio.

“We look ahead to scaling the Yoga Bar model, providing superior and wholesome shopper decisions,” Hemant Malik, then Divisional Chief Government of ITC’s Meals Division, stated on the time.

ITC expands newer shopper companies

Yoga Bar is a part of a broader push by ITC to construct its presence in newer shopper classes and digital-first companies.

In February 2025, ITC introduced agreements to acquire Prasuma, whose portfolio consists of frozen, chilled and ready-to-cook meals in addition to the Meatigo D2C enterprise.

That acquisition was additionally structured in phases, with ITC initially buying a 43.8% stake in Ample Meals for about Rs 131 crore and outlining plans to extend its holding over the next years.

ITC has additionally expanded within the mom and child care section.

In April 2025, the corporate introduced plans to amass the remaining 73.5% stake in Mom Sparsh Child Care, wherein it already held 26.5%, over a interval of two to a few years. ITC had first invested in Mom Sparsh in 2021.

ITC stated in its FY26 outcomes that its digital-first and natural portfolio, together with Yoga Bar, 24 Mantra, Prasuma and Meatigo, and Mom Sparsh, was clocking an annualised income run price of greater than Rs 1,350 crore.