ITC Chairman outlines growth strategy at 115th AGM; cigarette tax impact flagged

Mgmt Guided Margin ImprovementMgmt Guided Margin PressurePromoter Disclosed Acquisition PlansOrder Pipeline DisclosedInvestor Communications View source PDF

ITC · price

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AI summary

Chairman Sanjiv Puri at 115th AGM highlighted 5-year revenue CAGR of 10.7 percent with segment revenue over Rs 83,300 crore and EBITDA CAGR of 9.7 percent. FMCG grew from Rs 14,720 crore (FY21) to over Rs 24,200 crore (FY26). Planned capex Rs 20,000 crore with 6 projects in pipeline. Century Pulp and Paper acquisition to lift capacity 50 percent. Flagged impact of Feb 2026 cigarette tax hike on legal industry. Targets Net Zero by 2050.

Likely market impact

Cigarette tax concerns may pressure cigarettes segment; FMCG, agri diversification and capex plans support long-term growth.