ITC’s Chairman details "Responsible Competitiveness" while highlighting corporate growth and sustainability efforts

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ITC’s Chairman details "Responsible Competitiveness" while highlighting corporate growth and sustainability efforts​

ITC Limited reviewed its performance and future strategies in an address delivered at the 115th Annual General Meeting on July 23, 2026. The Chairman, Sanjiv Puri, addressed the complex global economic climate, emphasizing the company's commitment to national value creation across agriculture, FMCG, and manufacturing.

Mr. Puri noted that amid global volatility driven by crises and geopolitical tensions, Indian businesses must align their strategies with national resilience. He stressed that a nation’s progress is shaped by its economic and technological strength.

Corporate Performance and Financial Highlights​

The company reported robust performance despite the challenging operating context. Key financial achievements over the past five years include:

• Net Segment Revenue: Currently stands at over ₹83,300 crore, demonstrating a CAGR of 10.7%.
• EBITDA: Grew by 9.7% over the last five years. Non-cigarette businesses now constitute nearly two-thirds of net segment revenue.
• Shareholder Rewards: The company distributed nearly ₹85,000 crore to shareholders through dividends during the same period.
• International Earnings: Foreign exchange earnings aggregated nearly US$ 6.5bn over five years, with agri exports accounting for over 60% of this amount.

ITC's FMCG businesses showed sustained growth, with revenues rising from around ₹14,720 crore in FY21 to cross ₹24,200 crore in FY26. The company’s Paperboards business maintained leadership in the VAP segment despite input cost inflation and cheap imports. Furthermore, over five years, more than 76% of its Value Added amounting to ₹2,30,000 crore accrued to the Exchequer.

Transforming Agriculture and FMCG Ecosystem​

The Chairman highlighted that agriculture remains a core focus for ITC, which is now cited as the country's largest private sector agrienterprise. The Agri Business segment revenue doubled in just over five years to nearly ₹20,300 crore in FY26.

To drive NextGeneration Agriculture, ITC implemented the ITCMAARS phygital ecosystem. This initiative has onboarded over 2.6 million farmers across 11 States, with an ambition to reach 10 million by 2030. Initial estimates indicate that CSA practices have improved net returns by 23% or more in rice and wheat.

In the FMCG sector, ITC’s portfolio of over 30 world-class brands generates annual consumer spends estimated at nearly ₹37,000 crore. These brands serve around 280 million households and are exported to over 70 countries, anchoring local value chains. The company is focusing on a Good-for-You portfolio that addresses nutrition deficiencies, including offerings like Yoga Bar protein range and Aashirvaad Protein Atta.

Powering Domestic Manufacturing​

ITC’s Bharat Built Manufacturing architecture involves an ecosystem spanning over 300 factories, including 45 owned plants, which engage with more than 9,500 MSMEs. Nearly 90% of ITC's value addition is completed within India. The company has proposed a medium-term capex of ₹20,000 crore for the Group in multiplier impact areas.

ITC’s leadership in paperboards is being bolstered by the acquisition of Century Pulp & Paper, which will increase capacity by over 50% to 1.5 million metric tonnes. Additionally, manufacturing investments have been made in domestic capsule and Décor Paper plants, interventions expected to generate foreign exchange savings exceeding ₹ 17,500 crore over the next decade through import substitution efforts.

Commitment to Climate Action and Sustainability​

ITC’s sustainability journey is characterized by longevity, scale, and integration. The company has achieved significant reductions in climate impact:

• GHG intensity reduced by 53%.
• Specific energy and water consumption lowered by 42% each.
• 51% of total energy needs are met from renewables.

ITC is committed to achieving Net Zero Operations by 2050, aiming for a reduction in GHG by over 85% in the next 25 years.

Beyond decarbonisation, ITC focuses heavily on Adaptation and Nature-based Solutions. Climate Smart Agriculture (CSA) currently spans nearly 32 lakh acres across 17 States, benefiting over 12 lakh farmers, with plans to cover 40 lakh acres by 2030. Water stewardship initiatives are divided into demand-side and supply-side projects:


The company is a global exemplar in sustainability, being the only company in the world to be carbon-positive, water-positive and solid-waste recycling positive for around two decades. ITC also holds multiple high ratings from international bodies, including 'A' for CDP Forest and Water, and 'Leadership' for CDP Climate.

ITC Stock Price Movement​

Today, shares of ITC Limited finished strong, climbing 0.27% in trading sessions and settling at ₹281.30. The stock saw significant activity during the day, fluctuating between a low of ₹279.65 and a high of ₹284.00.