Sanjiv Puri’s AGM speech blends purpose, performance & potential; to build future tech, climate positive enterprise
“The pursuit of the company about ‘responsible capitalism’ has inspired our vision to build a very competitive company that contributes to the same size to people, planets, and profits. Sab when Badhein ‘, said Puri.Opportunities arising from Indian growth stories have also encouraged us to invest in 5 new manufacturing facilities that will be assigned in the near future in fields such as Agri & Food Processing, as well as packaging, among others.
ITC, in recent years, has implemented a broad strategy reset for structural driving architects to form the next growth and competitiveness horizon with a sharp focus on agility, innovative capacity, digital transformation, optimization of structural costs, sustainability and talent that is empowered to create eternal values For all our stakeholders, said Puri.
The year passed marked by increased volatility in the operating business environment, especially in the first round. Apart from these challenges, which are also exacerbated by severe inflation, ITC’s gross income grew 22.7 percent to more than 59,000 Crore Hospital while EBITDA rose to almost 19,000 CRORE RS with a 22 percent increase.
“Today, strongly encourages your newer company FMCG business to collect annual consumer expenses of 24,000 crores. The portfolio chosen carefully, with a substantial head space to grow, is estimated to have a total market potential that can be overcome by RS 5,00,000 Crore Crore in 2030, which is the highest in the Indian FMCG room, “Puri said.
ITC launched 110 products this year, indeed the testimony of consumer centricity, agility, innovative capacity, and digital transformation of the company. We continue to incubate new growth machines to create a place to stand in areas that promise the future. In addition, the acquisition of values-accrate such as sunrise spices and investments in startups that support technology such as Mother Sparsh and Mylo, in rapidly developing spaces such as mothers and childcare, will provide new vectors to accelerate growth.
“When we reached a scale for your company’s FMCG portfolio, as well as our aspirations to bring these world-class brands to foreign markets. In recent years, we have set distribution arrangements abroad that allow considerable export progress from the brand- The ‘Indian brand is proud’ to ITC to become an Indian brand ‘proudly in India’ ITC ITC ITC more than 60 countries. Over time, such exports will make a major contribution to the growth of the FMCG Portfolio of your company’s added value, “said Puri .
Agri ITC’s business source is more than 40 Agri-Combo tons of 22 states and 20 AGRI value chains and is a leading exporter to more than 95 countries worldwide.In essence, it is the company’s effort to restructure backend to the FPO network that is eager to gather farmers’ efforts and improve efficiency. Over time, ITC will be involved and empower more than 4,000 FPO, so that it benefits more than 1 crore farmer.
The vision of ITC Next imagined the strategic focus on growth vectors that promised by increasing their value of added value and spearheading the Sustainable Packaging Solutions The next generation.ITC has launched 9 hotels this year and has a healthy pipe from a new property that will be opened for the next few quarters. ITC will soon reveal ITC Narmada, our typical property in Ahmedabad, as a suitable respect for rich legacy and eager culture from the State of Gujarat.
Building Substantive Expertise in Product Life Cycle Management Services, ITC Infotech Baru -Newly obtained most of the PTC Inc. Professional Services Business. This makes it one of the biggest organizations in this segment and strengthen its position as a leader in digital manufacturing while increasing his global presence, said Puri.
