ITC Chairman Sanjiv Puri revealed a ₹20,000 crore investment plan to increase manufacturing operations across different sectors. Puri declared at the AGM 2025 that the company will continue to increase its production capabilities through eight operational new units. The expansion supports ITC’s ‘Bharat First’ initiative which prioritizes domestic growth before expanding globally.
The first quarter of FY26 showed a minimal decrease in net profit to ₹5,091.59 crore yet ITC achieved a 7.5% annual revenue growth reaching ₹20,029.60 crore. The company achieved its best performance through cigarettes and FMCG segments which showed 5.8% revenue growth in cigarettes and 6.3% growth in non-cigarette FMCG. The packaged food and personal care segments maintained strong demand which drove the increase in revenue.
The different business segments produced varied results during this period. The hotel division achieved revenue growth of 14.29% but its profits decreased because ITC Ratnadipa started operations in Colombo. The Agri-business sector achieved a 22.19% revenue increase but faced declining profit margins. Paperboards encountered two major challenges because domestic wood costs were high and Chinese imports were expensive.
Puri stated that non-cigarette businesses now generate 65% of ITC’s revenue which demonstrates the company’s transition toward sustainable diversified growth.
