ITC Rolls Out INR 20, 000 Cr Investment Plan Across Verticals

FMCG heavyweight, ITC Ltd., has announced a substantial investment of INR 20,000 crore over the next five to six years across its diverse business divisions. The announcement was made by Chairman Sanjiv Puri during the company’s Annual General Meeting (AGM) held on Friday.

As part of its growth strategy, ITC has already launched eight new manufacturing facilities, with a focus on FMCG, sustainable packaging, and value-added agri-products targeted at export markets.

“This may not be a linear rise, but it's a trajectory we believe will sustain,” Puri remarked, underlining the company’s long-term growth outlook.

He emphasized ITC’s vision to build a future-ready portfolio across all its businesses by leveraging institutional synergies and capitalizing on emerging opportunities. This vision is anchored in a three-horizon strategy that focuses on: a) Strengthening the core, b) Scaling up value-added adjacencies, and c) Fostering new growth vectors aligned with emerging consumer trends.

Highlighting ITC’s robust consumer base, Puri noted that the company sees annual consumer spending exceeding INR 34,000 crore, reaching over 260 million households across India and exporting to 70 international markets.

Over the past three years, ITC has launched 300 new FMCG products, a pace the company aims to maintain. “Segments such as health & wellness, nutrition, functional foods, and organic and natural products are evolving into the megatrends of the future,” Puri said, adding that new-age channels are amplifying these trends and reshaping consumer engagement.

Addressing the macroeconomic environment, the ITC Chairman acknowledged that while commodity prices remain high, overall inflation has moderated. “We anticipate a progressive improvement in consumer demand,” he concluded.