ITC board backs reappointing Sanjiv Puri for five more years as CMD
₹16.31 crore, an increase of 53% from the previous year. ITC’s shares rose 1.53% on Tuesday on BSE.
Meanwhile, commenting on its fast-moving consumer goods business, ITC said it is “focused" on rapidly scaling up the FMCG businesses anchored on strong growth platforms and a future-ready portfolio. ITC is also proactively pursuing value accretive acquisition, joint venture and collaboration opportunities towards accelerating growth and value creation of its FMCG business, the company said in its FY23 annual report.
“It is noteworthy that your company is well poised to address value-added adjacencies and categories of the future by leveraging the over 25 powerful mother brands it has established over the years. ..Simultaneously, the FMCG Businesses continue to make strategic investments in building categories of the future," it said.
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