ITC Chairman Sanjiv Puri's FY26 pay slips 6.8% to ₹23.91 crore on lighter bonus
Puri's package fell from ₹25.66 cr in FY25 to ₹23.91 cr in FY26, still 338x the median ITC employee. Annual report doubles down on ITC Next: FMCG leadership push, ITCMAARS digital agri platform, sustainable packaging, and the Aditya Birla pulp & paper buy — alongside net-zero by 2050 and 1 cr farmers by 2030.
What happened
ITC Chairman Sanjiv Puri's FY26 remuneration fell 6.8% to ₹23.91 crore on lower bonuses. Annual report outlines ITC Next strategy: FMCG leadership ambition,
Key facts
- ₹23.91 crore FY26 remuneration
- 6.8% decline
- ₹25.66 crore FY25
- 338x median employee pay
- 10,368 male employees
- 683 female employees
- net-zero by 2050
- 1 crore farmers by 2030
Why this matters
ITC's Aditya Birla pulp & paper acquisition plus the ITCMAARS digital agri build-out flag an active portfolio-reshaping phase — scope adjacencies in sustainable packaging, agri-tech, and farmer-linked supply chains for partnership or bolt-on plays.
What to watch
- FMCG segment margin crossing 12%
- Hotels demerger record date and listing
- Any ESOP/RSU scheme expansion announcement
- Cigarette volume growth vs illicit trade commentary
- Median employee pay disclosure in next annual report
- Track ITC Q1/Q2 FY26 FMCG EBITDA margin trajectory vs HUL/Nestle
- Monitor Aditya Birla pulp & paper integration capex disclosures
- Watch ITCMAARS farmer onboarding and GMV milestones
- Check proxy advisor reports on remuneration resolution at AGM