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Cover Story

Sanjiv Puri, Chairman and MD of ITC -- Photograph by Yasir Iqbal

Payoff Time for ITC

Jul 08, 2021

India's largest FMCG firm's cigarette and hotel businesses continue to weigh on valuations, making investors restless. Can a demerger help it attract investor attention?

Sanjiv Puri, Chairman and MD of ITC -- Photograph by Yasir Iqbal

"We Are Sharply Focused on Creating Long-term Value for Stakeholders"

Jul 08, 2021

ITC's FMCG business has been at the centre of the company’s transformation journey. But the market is not impressed, and investors believe a demerger is the only way to bring the stock out of the woods. Chairman and MD Sanjiv Puri is, however, non-committal. In a conversation with Ajita Shashidhar and Rajeev Dubey, Puri shares his strategy for the company’s next level of growth. Edited excerpts: