NOVEMBER 20258SAMPRE NUTRITIONS SIGNS 15 CR PACT WITH RELIANCE CONSUMERELECTRONICS EXPORTS POISED TO OVERTAKE PETROLEUM IN INDIASampre Nutritions Limited, a prominent manufacturer of confectionery and nutraceuticals, announced on October 8 that it signed a manufacturing agreement with Reliance Consumer Products Limited (RCPL).Under the agreement, Sampre will manufacture, pack and supply nutraceuticals and food products -- such as hard-boiled confectionery, lollipops and toffees -- according to RCPL's specifications and quality standards.As Indian refiners are discouraged by the United States from purchasing Russian crude, electronics exports may become the second most shipped category, replacing petroleum items.The agreement is expected to generate annual business worth 12­15 crore over three years, which will be a significant boost to Sampre's revenue streams and standing in the nutraceuticals and food segments.In another strategic decision, Sampre approved the issuance of foreign currency convertible bonds (FCCBs) of USD 4 crore (355.06 crore) on October 3. The proceeds will be used to execute the global expansion of Sampre, especially Egypt and Liberia, and to expand Sampre's footprint in high-growth FMCG markets. The FCCBs will be quoted on the AFRINEX Exchange, Mauritius, between October 10 and 15.Sampre has also enhanced its international presence through new contracts with Tolaram Wellness Ltd. in Nigeria and Rama Exports, which are estimated to generate more than 45 crore in revenue over the next three years. The company posted a phenomenal 141% year-on-year revenue increase in Q1FY26 to 10.87 crore, while net profit soared 615% year-on-year to 70.76 lakh. Recently, Sampre Nutritions was awarded the India 5000 Best MSME Award 2024 for its excellence in quality, customer satisfaction, and social impact. In the first six months of FY26, India's electronics exports rapidly moved up the ranks, cementing their status as the country's third-largest and fastest-growing export category based on commerce ministry data.The electronics industry could be on track to surpass petroleum product exports in two years amid restrictions on the purchasing of Russian oil, and move to second position after engineering products, according to specialists.The electronics category ranked 7th among the leading export categories in FY22; during the year ending March, it was the fastest growing of the top 10 categories.It is now the fastest growing category among all 30 export categories in the first 6 months of FY26. In its climb to 3rd place, it displaced gems and jeweler from 3rd place and chemicals from 4th place in FY25. Prior to that, in its rise from 7th place in FY22, it overtook drugs and pharmaceuticals companies and readymade garments category to reach number 3 overall.The trade ministry's half-yearly export data shows that electronics shipments increased 42% to $22.2 billion, of which Apple's iPhones account for about half, from $15.6 billion the previous year. TOP STORIESTOP STORIESTOP STORIES
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