About ITC Limited

ITC Limited, incorporated in 1910, is a diversified Indian enterprise with businesses spanning Fast-Moving Consumer Goods (Cigarettes & Cigars; Branded Packaged Foods; Personal Care Products; Education & Stationery Products; Matches and Agarbattis), Paperboards, Paper & Packaging, Agri Business and Information Technology. The Company is headquartered at Virginia House, 37 Jawaharlal Nehru Road, Kolkata 700 071, and its shares are listed on NSE, BSE and CSE  . Its operations are national in scale—across 28 States and 7 Union Territories—and the Company serves markets in 114 countries . The ITC Group consolidates 37 subsidiaries (based on 32 subsidiaries audited by other auditors and five subsidiaries included on an unaudited basis in the consolidated statements)  .

 

Key milestones in the latest period include the demerger of the Hotels Business into ITC Hotels Limited, following which Hotels is presented as ‘Discontinued Operations’ and no longer constitutes a reportable segment for the Group; ITC Grand Central, Mumbai, has been retained within the Group under ‘Others’ . The Company also continued to articulate its “ITC Next” strategy, highlighting growth vectors across FMCG, Agri Business and Paperboards & Packaging, and strengthening innovation and manufacturing capabilities through its ICML network and Industry 4.0 adoption .

 

ITC Limited’s Business Segments

• Segment/vertical mix (share of turnover):

 – Cigarettes: 44.42%

  – Others (Branded Packaged Foods; Education & Stationery; Personal Care; Matches; Agarbattis): 29.91%

 – Agri-commodities: 16.42%

  – Paperboards, Paper & Packaging: 9.02%

 

• Geographic mix:

 – Exports as a share of total turnover: 10.66% in FY 2024-25

 

ITC Limited’s Key Management

• S. Puri – Chairman & Managing Director

 

• S. Dutta – Executive Director & Chief Financial Officer

 

• H. Malik – Executive Director

 

• B. Sumant – Executive Director

 

• R. K. Singhi – Executive Vice President & Company Secretary

 

Latest Updates on ITC Limited’s

• Strategic portfolio moves: The Hotels Business was demerged and listed separately; Hotels results are presented as discontinued operations from January 1, 2025, while ITC Grand Central, Mumbai, remains within ‘Others’ . Financial ratios in FY 2024-25 are computed on continuing operations due to the demerger .

 

• Inorganic initiatives: The Company cited “value-accretive” opportunities including Ample Foods (Prasuma and Meatigo), M/s. Sresta Natural Bioproducts (24 Mantra Organic Foods) and Mother Sparsh; a Business Transfer Agreement was signed to acquire Century Pulp & Paper . In April 2025, ITC executed definitive agreements to acquire the remaining 73.5% stake in Mother Sparsh in tranches, subject to conditions .

 

• Technology expansion: ITC Infotech expanded capabilities with the acquisition of Blazeclan Technologies; the combined IT services footprint operates across 41 countries .

 

• Governance actions: Shareholders approved the appointment of Mr. C. K. Mishra (Independent Director) and Mr. S. Mohanty (Non-Executive Director), and sanctioned ESARs for eligible employees via postal ballot/e-voting; resolutions recorded strong support in 2024–2025 .