ITC Limited has informed the Exchange about excerpts from the address by the Chairman on the theme - ITC: Navigating a TURN to Reimagine the Future delivered at the 114th Annual General Meeting of the Company
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ITC's Chairman Sanjiv Puri addressed shareholders at the 114th AGM themed 'Navigating a TURN to Reimagine the Future.' Key highlights included the completed demerger of the Hotels Business into ITC Hotels Limited on January 1, 2025, and the announcement of multiple acquisitions including Century Pulp and Paper, Mother Sparsh (baby care), 24 Mantra Organic, Prasuma (frozen foods), and Blazeclan Technologies. The company announced plans to invest Rs 20,000 crores across businesses in the medium term, with 8 new world-class manufacturing facilities already set up. The Food-Tech business has scaled to 60 cloud kitchens across 5 cities with a 108% CAGR over 3 years. ITC also committed to achieving Net Zero operations by 2050, requiring an 85% emissions reduction over 25 years despite business growth.
Shareholders can expect EPS accretion from the Century Pulp acquisition in year one, with a targeted 30-40% increase in EBITDA per ton after 2 years of operation, signaling meaningful margin expansion. The Rs 20,000 crore medium-term investment plan and multiple value-accretive acquisitions across FMCG, Paperboards and Agri businesses point to a growth-focused strategy that should support long-term shareholder value.