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  <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <link:label id="lab_eli_PaymentsFromIssueOfPreferenceShares_label_en" xlink:label="lab_eli_PaymentsFromIssueOfPreferenceShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Payments From Issue Of Preference Shares</link:label>
    <link:label id="lab_eli_PaymentsFromIssueOfPreferenceShares_documentation_en" xlink:label="lab_eli_PaymentsFromIssueOfPreferenceShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Payments From Issue Of Preference Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_eli_PaymentsFromIssueOfPreferenceShares" xlink:href="eli-2023-12-31.xsd#eli_PaymentsFromIssueOfPreferenceShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eli_PaymentsFromIssueOfPreferenceShares" xlink:to="lab_eli_PaymentsFromIssueOfPreferenceShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinanceIncomeCost_e4ccd847-5c2a-4b7a-99e1-b207731e80c1_totalLabel_en" xlink:label="lab_ifrs-full_FinanceIncomeCost" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Finance income (cost)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinanceIncomeCost" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinanceIncomeCost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinanceIncomeCost" xlink:to="lab_ifrs-full_FinanceIncomeCost" xlink:type="arc" order="1"/>
    <link:label id="lab_eli_HybridCapitalMemberMember_label_en" xlink:label="lab_eli_HybridCapitalMemberMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Hybrid Capital [Member]</link:label>
    <link:label id="lab_eli_HybridCapitalMemberMember_documentation_en" xlink:label="lab_eli_HybridCapitalMemberMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Hybrid capital member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_eli_HybridCapitalMemberMember" xlink:href="eli-2023-12-31.xsd#eli_HybridCapitalMemberMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eli_HybridCapitalMemberMember" xlink:to="lab_eli_HybridCapitalMemberMember" xlink:type="arc" order="1"/>
    <link:label id="lab_eli_HybridDividendAccrualTheInterestAccruedOnOurHybridBondAccountedForInRetainedEarningAsTheInstrumentIsClassifiedAsAnEquityInstrument_label_en" xlink:label="lab_eli_HybridDividendAccrualTheInterestAccruedOnOurHybridBondAccountedForInRetainedEarningAsTheInstrumentIsClassifiedAsAnEquityInstrument" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Hybrid: dividend accrual the interest accrued on our hybrid bond, accounted for in retained earning as the instrument is classified as an equity instrument</link:label>
    <link:label id="lab_eli_HybridDividendAccrualTheInterestAccruedOnOurHybridBondAccountedForInRetainedEarningAsTheInstrumentIsClassifiedAsAnEquityInstrument_documentation_en" xlink:label="lab_eli_HybridDividendAccrualTheInterestAccruedOnOurHybridBondAccountedForInRetainedEarningAsTheInstrumentIsClassifiedAsAnEquityInstrument" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Hybrid: dividend accrual</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_eli_HybridDividendAccrualTheInterestAccruedOnOurHybridBondAccountedForInRetainedEarningAsTheInstrumentIsClassifiedAsAnEquityInstrument" xlink:href="eli-2023-12-31.xsd#eli_HybridDividendAccrualTheInterestAccruedOnOurHybridBondAccountedForInRetainedEarningAsTheInstrumentIsClassifiedAsAnEquityInstrument"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eli_HybridDividendAccrualTheInterestAccruedOnOurHybridBondAccountedForInRetainedEarningAsTheInstrumentIsClassifiedAsAnEquityInstrument" xlink:to="lab_eli_HybridDividendAccrualTheInterestAccruedOnOurHybridBondAccountedForInRetainedEarningAsTheInstrumentIsClassifiedAsAnEquityInstrument" xlink:type="arc" order="1"/>
    <link:label id="lab_eli_HybridSetUpFeeAgioInTheTransactionFees_label_en" xlink:label="lab_eli_HybridSetUpFeeAgioInTheTransactionFees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Hybrid: set-up fee &amp; agio in the transaction fees</link:label>
    <link:label id="lab_eli_HybridSetUpFeeAgioInTheTransactionFees_documentation_en" xlink:label="lab_eli_HybridSetUpFeeAgioInTheTransactionFees" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Hybrid: set-up fee &amp; agio</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_eli_HybridSetUpFeeAgioInTheTransactionFees" xlink:href="eli-2023-12-31.xsd#eli_HybridSetUpFeeAgioInTheTransactionFees"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eli_HybridSetUpFeeAgioInTheTransactionFees" xlink:to="lab_eli_HybridSetUpFeeAgioInTheTransactionFees" xlink:type="arc" order="1"/>
    <link:label id="lab_eli_EquityAttributableToOrdinaryEquityHoldersOfParentEntityMemberMember_label_en" xlink:label="lab_eli_EquityAttributableToOrdinaryEquityHoldersOfParentEntityMemberMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Equity attributable to ordinary equity holders of Parent Entity [Member]</link:label>
    <link:label id="lab_eli_EquityAttributableToOrdinaryEquityHoldersOfParentEntityMemberMember_documentation_en" xlink:label="lab_eli_EquityAttributableToOrdinaryEquityHoldersOfParentEntityMemberMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Equity attributable to ordinary equity holders of parent entity member</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_eli_EquityAttributableToOrdinaryEquityHoldersOfParentEntityMemberMember" xlink:href="eli-2023-12-31.xsd#eli_EquityAttributableToOrdinaryEquityHoldersOfParentEntityMemberMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eli_EquityAttributableToOrdinaryEquityHoldersOfParentEntityMemberMember" xlink:to="lab_eli_EquityAttributableToOrdinaryEquityHoldersOfParentEntityMemberMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital_6609bf32-83a2-43a8-b4da-9b5e8bc8fd8a_totalLabel_en" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Cash flow from operating activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:to="lab_ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInWorkingCapital_b7664204-eec1-4888-9828-25ef4eecf92d_totalLabel_en" xlink:label="lab_ifrs-full_IncreaseDecreaseInWorkingCapital" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Changes in working capital</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInWorkingCapital" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IncreaseDecreaseInWorkingCapital"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInWorkingCapital" xlink:to="lab_ifrs-full_IncreaseDecreaseInWorkingCapital" xlink:type="arc" order="1"/>
    <link:label id="lab_eli_CouponPaymentsOnHybridCapitalClassifiedAsFinancingActivities_label_en" xlink:label="lab_eli_CouponPaymentsOnHybridCapitalClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Coupon payments on hybrid capital, classified as financing activities</link:label>
    <link:label id="lab_eli_CouponPaymentsOnHybridCapitalClassifiedAsFinancingActivities_documentation_en" xlink:label="lab_eli_CouponPaymentsOnHybridCapitalClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Coupon payments on hybrid capital, classified as financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_eli_CouponPaymentsOnHybridCapitalClassifiedAsFinancingActivities" xlink:href="eli-2023-12-31.xsd#eli_CouponPaymentsOnHybridCapitalClassifiedAsFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eli_CouponPaymentsOnHybridCapitalClassifiedAsFinancingActivities" xlink:to="lab_eli_CouponPaymentsOnHybridCapitalClassifiedAsFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_eli_ProfitLossAttributableToHybridCapitalOwners_label_en" xlink:label="lab_eli_ProfitLossAttributableToHybridCapitalOwners" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Profit (loss), attributable to hybrid capital owners</link:label>
    <link:label id="lab_eli_ProfitLossAttributableToHybridCapitalOwners_documentation_en" xlink:label="lab_eli_ProfitLossAttributableToHybridCapitalOwners" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Profit (loss), attributable to hybrid capital owners</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_eli_ProfitLossAttributableToHybridCapitalOwners" xlink:href="eli-2023-12-31.xsd#eli_ProfitLossAttributableToHybridCapitalOwners"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eli_ProfitLossAttributableToHybridCapitalOwners" xlink:to="lab_eli_ProfitLossAttributableToHybridCapitalOwners" xlink:type="arc" order="1"/>
    <link:label id="lab_eli_ShortTermBorrowingsAndCurrentLeaseLiabilities_label_en" xlink:label="lab_eli_ShortTermBorrowingsAndCurrentLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Short-term borrowings and current lease liabilities</link:label>
    <link:label id="lab_eli_ShortTermBorrowingsAndCurrentLeaseLiabilities_documentation_en" xlink:label="lab_eli_ShortTermBorrowingsAndCurrentLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Short-term borrowings and current lease liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_eli_ShortTermBorrowingsAndCurrentLeaseLiabilities" xlink:href="eli-2023-12-31.xsd#eli_ShortTermBorrowingsAndCurrentLeaseLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eli_ShortTermBorrowingsAndCurrentLeaseLiabilities" xlink:to="lab_eli_ShortTermBorrowingsAndCurrentLeaseLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities_15b3eaab-1233-4eab-8043-e9e176eb0ae6_totalLabel_en" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Net cash from operating activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_eli_IncomeExpenseFromSettlementMechanism_label_en" xlink:label="lab_eli_IncomeExpenseFromSettlementMechanism" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Income (expense) from settlement mechanism</link:label>
    <link:label id="lab_eli_IncomeExpenseFromSettlementMechanism_documentation_en" xlink:label="lab_eli_IncomeExpenseFromSettlementMechanism" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Income (expense) from settlement mechanism</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_eli_IncomeExpenseFromSettlementMechanism" xlink:href="eli-2023-12-31.xsd#eli_IncomeExpenseFromSettlementMechanism"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eli_IncomeExpenseFromSettlementMechanism" xlink:to="lab_eli_IncomeExpenseFromSettlementMechanism" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities_c754c116-29c8-4c91-aa16-0be956a8a8ec_totalLabel_en" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Net cash flow from (used in) financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_eli_IssuanceOfHybridBonds_label_en" xlink:label="lab_eli_IssuanceOfHybridBonds" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Issuance of hybrid bonds</link:label>
    <link:label id="lab_eli_IssuanceOfHybridBonds_documentation_en" xlink:label="lab_eli_IssuanceOfHybridBonds" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Issuance of hybrid bonds</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_eli_IssuanceOfHybridBonds" xlink:href="eli-2023-12-31.xsd#eli_IssuanceOfHybridBonds"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eli_IssuanceOfHybridBonds" xlink:to="lab_eli_IssuanceOfHybridBonds" xlink:type="arc" order="1"/>
    <link:label id="lab_eli_EquityAttributableToOrdinaryEquityHoldersOfParentEntity_cde41189-3f49-44b7-83f9-444bcb7225c0_totalLabel_en" xlink:label="lab_eli_EquityAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Equity attributable to ordinary equity holders of parent entity</link:label>
    <link:label id="lab_eli_EquityAttributableToOrdinaryEquityHoldersOfParentEntity_label_en" xlink:label="lab_eli_EquityAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Equity attributable to ordinary equity holders of parent entity</link:label>
    <link:label id="lab_eli_EquityAttributableToOrdinaryEquityHoldersOfParentEntity_documentation_en" xlink:label="lab_eli_EquityAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Equity attributable to ordinary equity holders of parent entity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_eli_EquityAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:href="eli-2023-12-31.xsd#eli_EquityAttributableToOrdinaryEquityHoldersOfParentEntity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eli_EquityAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:to="lab_eli_EquityAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:type="arc" order="1"/>
    <link:label id="lab_eli_DeferredTaxImpactOnTheInterests_label_en" xlink:label="lab_eli_DeferredTaxImpactOnTheInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Deferred tax impact on the interests</link:label>
    <link:label id="lab_eli_DeferredTaxImpactOnTheInterests_documentation_en" xlink:label="lab_eli_DeferredTaxImpactOnTheInterests" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Deferred tax impact on the interests</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_eli_DeferredTaxImpactOnTheInterests" xlink:href="eli-2023-12-31.xsd#eli_DeferredTaxImpactOnTheInterests"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eli_DeferredTaxImpactOnTheInterests" xlink:to="lab_eli_DeferredTaxImpactOnTheInterests" xlink:type="arc" order="1"/>
    <link:label id="lab_eli_ComprehensiveIncomeAttributableToHybridCapitalOwners_label_en" xlink:label="lab_eli_ComprehensiveIncomeAttributableToHybridCapitalOwners" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Comprehensive income attributable to hybrid capital owners</link:label>
    <link:label id="lab_eli_ComprehensiveIncomeAttributableToHybridCapitalOwners_documentation_en" xlink:label="lab_eli_ComprehensiveIncomeAttributableToHybridCapitalOwners" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Comprehensive income attributable to hybrid capital owners</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_eli_ComprehensiveIncomeAttributableToHybridCapitalOwners" xlink:href="eli-2023-12-31.xsd#eli_ComprehensiveIncomeAttributableToHybridCapitalOwners"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_eli_ComprehensiveIncomeAttributableToHybridCapitalOwners" xlink:to="lab_eli_ComprehensiveIncomeAttributableToHybridCapitalOwners" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities_f9eb9ab3-6349-47ab-991d-01212671f912_totalLabel_en" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Net cash used in investing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_40a1ceab-3f78-42ea-8726-07fbf940a5cd_totalLabel_en" xlink:label="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Net increase (decrease) in cash and cash equivalents</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalents"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:to="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners_d7272db1-4c6e-4f0c-831c-5afec45f8226_totalLabel_en" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransactionsWithOwners" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Increase (decrease) through transactions with owners, equity</link:label>
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    <link:label id="lab_eli_ChangesInProvisionsRecognisedInProfitLossFromOperatingActivities_label_en" xlink:label="lab_eli_ChangesInProvisionsRecognisedInProfitLossFromOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Changes in provisions recognised in profit (loss) from operating activities</link:label>
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    <link:label id="lab_eli_ProfitLossFromOperatingActivitiesAfterShareProfitLossOfEquityAccountedInvestees_f6e9c87c-c74d-4d4b-9df6-fcfd10933ea8_totalLabel_en" xlink:label="lab_eli_ProfitLossFromOperatingActivitiesAfterShareProfitLossOfEquityAccountedInvestees" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">ProfitLossFromOperatingActivitiesBeforeShareOfProfitLossOfAssociatesAndJointVentures</link:label>
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    <link:label id="lab_eli_EquityAttributableToHybridCapitalOwners_label_en" xlink:label="lab_eli_EquityAttributableToHybridCapitalOwners" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Equity attributable to hybrid capital owners</link:label>
    <link:label id="lab_eli_EquityAttributableToHybridCapitalOwners_documentation_en" xlink:label="lab_eli_EquityAttributableToHybridCapitalOwners" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Equity attributable to hybrid capital owners</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_eli_EquityAttributableToHybridCapitalOwners" xlink:href="eli-2023-12-31.xsd#eli_EquityAttributableToHybridCapitalOwners"/>
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    <link:label id="lab_eli_SharesIssued_documentation_en" xlink:label="lab_eli_SharesIssued" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Shares Issued</link:label>
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    <link:label id="lab_eli_ComprehensiveIncomeAttributableToOrdinaryEquityHoldersOfParentEntity_label_en" xlink:label="lab_eli_ComprehensiveIncomeAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Comprehensive income, attributable to ordinary equity holders of parent entity</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_eli_ComprehensiveIncomeAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:href="eli-2023-12-31.xsd#eli_ComprehensiveIncomeAttributableToOrdinaryEquityHoldersOfParentEntity"/>
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    <link:label id="lab_eli_LongTermBorrowingsAndNonCurrentLeaseLiabilities_label_en" xlink:label="lab_eli_LongTermBorrowingsAndNonCurrentLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Long-term borrowings and non-current lease liabilities</link:label>
    <link:label id="lab_eli_LongTermBorrowingsAndNonCurrentLeaseLiabilities_documentation_en" xlink:label="lab_eli_LongTermBorrowingsAndNonCurrentLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Long-term borrowings and non-current lease liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_eli_LongTermBorrowingsAndNonCurrentLeaseLiabilities" xlink:href="eli-2023-12-31.xsd#eli_LongTermBorrowingsAndNonCurrentLeaseLiabilities"/>
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    <link:label id="lab_eli_CouponPaymentsOnHybridCapital_label_en" xlink:label="lab_eli_CouponPaymentsOnHybridCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Coupon payments on hybrid capital</link:label>
    <link:label id="lab_eli_CouponPaymentsOnHybridCapital_documentation_en" xlink:label="lab_eli_CouponPaymentsOnHybridCapital" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Coupon payments on hybrid capital</link:label>
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