Overview

• At its July 25 annual meeting, ITC approved a medium-term investment of Rs 20,000 crore to expand manufacturing across its diversified businesses.
• The company has already commissioned eight new factories in recent years and will develop an integrated consumer goods plant in Sandila, Uttar Pradesh.
• Chairman Sanjiv Puri highlighted the ‘Bharat First’ strategy, prioritising domestic capacity building before significant overseas ventures.
• Non-cigarette operations now contribute 65% of ITC’s revenue, reflecting a strategic shift towards a broader portfolio.
• ITC’s FMCG arm has reaffirmed a target of 80–100 basis points of annual margin improvement despite current inflationary and geopolitical challenges.