ITC share price: FMCG sector giant ITC is increasing competitiveness and strengthening innovative capacity as part of its next strategy. The Group aims to become a leader in the segments in which it operates. Company’s Chairman and Managing Director (CMD) Sanjeev Puri has said this. A rise of 1.70 percent was seen in the company’s shares last Friday and the stock closed at Rs 440.15 on BSE. The market cap of the company is Rs 5.50 lakh crore.
ITC prepared a special strategy
Puri told news agency PTI that the company, which deals in everything from cigarettes to consumer goods, has prepared a special strategy ‘ITC Next Strategy’, which aims to shape a future-ready enterprise and drive the next phase of growth and profitability. Have to define.
As part of the ITC Next Strategy, the company has identified competitiveness factors including digitalisation, sustainability, innovation and supply chain efficiency to drive its future growth.
Puri said, “These have been identified as areas where special interventions have been made to become competitive and contemporary. The idea is to continue to innovate while leveraging the strengths of the enterprise.” The idea is to be a leader and grow into a much larger scale business, with ITC making ‘commendable progress’ in its journey over time.
Puri said, “For us, ITC’s next strategy is an actionable journey. Whereas we have made commendable progress in many areas. I wouldn’t say this journey is anywhere close to being completed. Our aim is to become a huge name in every sector in which we operate.” “We are already leaders in some areas,” he said. Our goal is to grow in every area in which we operate.” According to Puri, the world is now much more unstable and uncertain given the geo-political and geo-economic situation and the ongoing climate crisis.