ITC commits Rs 20,000 cr capex, targets 80-100 bps annual FMCG margin expansion
Chairman Sanjiv Puri says no demand slowdown yet but flags inflation and El Niño as risks. Quick commerce now 9% of FMCG sales, e-commerce 15%, modern trade 16%, general trade 70%. FMCG exports growing 32% CAGR; sourcing network spans 2.5 million farmers.
ITC chairman Sanjiv Puri outlines Rs 20,000 crore medium-term capex across FMCG, hotels and agri, targets 80-100 bps annual FMCG margin expansion, flags inflation and El Niño risks, and details quick commerce contributing 9% of sales.