ITC chief Sanjiv Puri's pay drops 6.8% to ₹23.91 crore as bonuses and LTIs shrink
CMD remuneration slipped from ₹25.66 crore in FY25 on softer variable pay, even as median employee compensation rose 4%. CEO-to-median ratio settled at 338:1, with the board recommending a final dividend of ₹8 per share.
ITC CMD Sanjiv Puri's total remuneration fell 6.8% to ₹23.91 crore in FY26 on lower bonus and long-term incentives, while median employee pay rose 4%. CEO-to-median ratio stood at 338:1.
Why this matters
Pay cut comes despite ITC's FMCG momentum, with packaged foods crossing $2B and non-cigarette FMCG consumer spend topping ₹37,000 cr across 280 mn households in FY26.
Leadership signals steady at 448 in the last 90 days.