ITC Chairman's Address at 115th AGM Highlights Responsible Competitiveness and National Value Creation
ITC's 115th AGM on July 23, 2026, featured Chairman Sanjiv Puri's address on 'Responsible Competitiveness'. The company reported ₹83,300 crore in Net Segment Revenue (5-year CAGR 10.7%) and distributed ₹85,000 crore in dividends. FMCG revenues reached over ₹24,200 crore in FY26. ITC plans ₹20,000 crore capex and aims for Net Zero Operations by 2050.
The announcement covers a broad range of company strategies and performance indicators, including financial results, sustainability efforts, and future investments, which are material for stakeholders but do not represent a single, immediate, game-changing event.
The Chairman's address highlights strong financial performance, strategic growth initiatives, and a deep commitment to sustainability and national development, painting a positive outlook for the company.
ITC Limited held its 115th Annual General Meeting (AGM) on July 23, 2026, where Chairman Sanjiv Puri delivered an address themed ‘ITC: Partnering India in its Defining Decade’. The speech underscored the company's ethos of Responsible Competitiveness and its role as a national value multiplier, emphasizing contributions to national competitiveness, sustainable and inclusive development.
Key highlights from the address included ITC's robust financial performance, with Net Segment Revenue growing at a CAGR of 10.7% and EBITDA at 9.7% over the last five years, reaching over ₹83,300 crore. The company has distributed nearly ₹85,000 crore to shareholders via dividends in the same period. ITC's FMCG businesses showed strong momentum, with revenues growing from approximately ₹14,720 crore in FY21 to over ₹24,200 crore in FY26. The company also highlighted its global leadership in sustainability, being carbon-positive, water-positive, and solid-waste recycling positive for two decades and supporting nearly 9 million sustainable livelihoods.
Mr. Puri detailed ITC's strategic pillars for future growth, focusing on NextGen Agri to strengthen rural India, the development of proud Indian brands to create and retain value, and powering 'Make in India' for a Viksit Bharat. The ITCMAARS phygital ecosystem aims to empower 10 million farmers by 2030, with initial estimates showing significant yield and return gains. The company plans a medium-term capex of ₹20,000 crore for the Group, including the acquisition of Century Pulp & Paper to increase capacity by over 50%. ITC reiterated its commitment to achieving Net Zero Operations by 2050 and has already surpassed several of its 2030 Sustainability 2.0 targets.
The address also touched upon the broader economic and geopolitical landscape, emphasizing India's ascent as a beacon of hope and progress. The Chairman stressed the importance of businesses contributing to national competitiveness, resilience, and compassionate capitalism. ITC's Social Investments Programme spans 275 districts, benefiting over 10 million people, with a focus on empowering women and improving livelihoods.
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ITC Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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