FMCG exports to make substantial contribution to ITC's growth: Sanjiv Puri

ITC launched 110 products in FY22 to mark its capacity for innovation, he says

Diversified conglomerate ITC on Wednesday said it would continue to focus on delivering competitively superior performance in every segment and allow the market to determine its stock valuation.

The appreciation in the ITC stock, company performance, and high dividend payout were highlighted by many shareholders at the company’s annual general meeting (AGM) on Wednesday. This was a sharp departure to the earlier two AGMs when shareholders had raised concerns about the stock’s underperformance.

On Wednesday, the stock closed at Rs 298.1 on the BSE after touching a new 52-week high of Rs 299.55. On a one-year basis, the ITC stock