Sanjiv Puri

The ITC chief attributed the recovery in FMCG demand to GST rationalisation, income tax relief and other government measures, while cautioning over West Asia and El Niño risks

ITC expects its FMCG market to expand to around Rs 8 lakh crore by 2035 as the conglomerate looks to strengthen its position through a combination of brand-building, digital commerce expansion, and strategic acquisitions, Chairman & Managing Director Sanjiv Puri said on Thursday. Addressing shareholders at the company's Annual General Meeting (AGM), Puri said the Indian FMCG market was "poised for significant expansion" as the consumer landscape evolves rapidly. "The rise of aspirational Bharat, premiumisation, Gen Z and Gen Alpha consumers, expanding digital access and the growth of quick commerce are reshaping categories, channels and expectations," he said. To capitalise on these trends, ITC is leveraging an AI-led consumer insight ecosystem that enables micro-segmentation and supports the development of differentiated offerings tailored to evolving consumer needs, lifestyles and occasions, Puri said. He also underscored the growing role of online and omnichannel commerce in ...

Being consumer-centric and continuously evolving with contemporary trends is paramount for fast-moving consumer goods (FMCG) companies

ITC CMD Sanjiv Puri says government tax cuts and GST reductions are aiding consumption, as digitisation, rural demand and evolving GenZ and millennial preferences reshape FMCG growth

At Business Standard's Manthan summit, ITC Chairman Sanjiv Puri said that consumer-centric growth, stronger R&D investment and deeper AI adoption are essentials for FMCG sector

Union ministers, top policymakers and industry leaders gather at Bharat Mandapam on February 24 to debate AI, reforms, mobility, trade and India's 2047 roadmap

ITC Chairman Sanjiv Puri said recent turmoil in Nepal will not affect the company's plans in FMCG and hospitality, with Surya Nepal and new hotels continuing expansion

ITC Ltd Chairman Sanjiv Puri on Tuesday hailed Prime Minister Narendra Modi's call for next-generation reforms, particularly in the Goods and Services Tax (GST) framework, saying the move will trigger a virtuous cycle of consumption, investment, growth and employment. He said the government's focus on affordability and accessibility of essential items, including food, will provide significant relief to the middle class, micro, small and medium enterprises (MSMEs), and farmers. "The government's resolve to ensure ease of living by enhancing affordability and accessibility of all items meant for daily consumption will benefit the sizeable middle-class population, MSMEs and farmers," Puri said in a statement. A transparent, simplified and growth-oriented tax structure will not only improve competitiveness of enterprises but also promote ease and cost efficiency in doing business, he added. "The proposed measures will enable formalisation of the economy, create a more tax-compliant ...

ITC Hotels, in its first AGM post demerger, announced a pipeline of 58 hotels with over 5,300 keys in five years, targeting 200 properties by 2030 and expanding abroad

Sanjiv Puri, ITC's Chairman and MD, expresses cautious optimism on demand recovery, driven by easing interest rates, better weather conditions, and benign inflation

Chairman Sanjiv Puri says 65 per cent of ITC's revenue now comes from non-cigarette businesses as the firm prioritises domestic growth under 'Bharat First' strategy

ITC Chairman Sanjiv Puri says cultural affinity and geography make Sri Lanka a preferred overseas destination as Indian companies expand and FTAs open new avenues

Puri said that the India-UK Free Trade Agreement (FTA) has set a template for future deals and will create opportunities for India to build alternate supply chains

He said that with the developments in the world, it was more likely that in a very short period of time, India could sign multiple FTAs

ITC Ltd chairman Sanjiv Puri, in an interview, firmly opposed the notion of mandating excessive working hours

CII President Sanjiv Puri said that exports are facing headwinds while suggesting measures such as minimum import and anti-dumping duty

Company has 'unwavering confidence' in country's economic growth, says Sanjiv Puri

India is growing at a time when most economies are under stress, Puri said

Puri said that the capital gains tax must also be rationalised as part of the 14-point agenda for the new government

With Prime Minister Narendra Modi taking oath for the third time, India Inc on Monday expressed optimism that the new government under his leadership can usher in the next phase of reforms to achieve the goal of Viksit Bharat. Several corporate leaders posted congratulatory messages on X, formerly Twitter, after Modi was sworn in as Prime Minister at the Rashtrapati Bhavan on Sunday, becoming only the second PM after Jawaharlal Nehru to secure a third consecutive term. Vedanta Group Chairman Anil Agarwal tweeted, "Congratulations to @narendramodi ji on being elected Prime Minister of India for the third consecutive time. Bharat has crossed many milestones under your visionary leadership. We are confident that the country will continue on its remarkable growth trajectory!". In a post on X, JSW Group CMD Sajjan Jindal said: "Congratulations @narendramodi ji on assuming office as Prime Minister for the third time, a feat last achieved by Nehru ji. With new cabinet, I am optimistic abou