Passing data from CakePHP component to a helper

My query was :- Is there any elegant way to pass data from a component to a helper?
Yes, the same way you pass any data to the helper. In your view.
Inside your component I would do something like the following. The beforeRender() action is a CakePHP component callback.

public function beforeRender(Controller $controller) {
    $yourVars = 'some data';
    $goHere = 'other stuff';

    $controller->set(compact('yourVars', 'goHere'));

Then in your view you can pass the data off to your helpers just like normal.

// view or layout *.ctp file