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ITC Q3 Results: PAT up 9.9% YoY, FMCG PBIT Jumps 42%, Rs 6.50 Interim Dividend Declared
ITC Limited reported a steady performance for the quarter ended December 31, 2025, with consolidated Gross Revenue up 7.1% and PAT (before exceptional items) rising 9.9% YoY. The FMCG-Others segment was a major highlight, delivering 12.6% revenue growth and a significant 42% surge in PBIT due to 145 bps margin expansion. The Cigarette business maintained volume-led growth with a 7.9% revenue increase, although management warned of headwinds from a recent 'unprecedented' tax hike. The Board has declared an interim dividend of Rs. 6.50 per share.
Key Highlights
Consolidated PAT (before exceptional items) grew 9.9% YoY; Standalone Gross Revenue reached Rs. 19,200 crores.
FMCG-Others segment PBIT surged 42% YoY, driven by 11% revenue growth and 145 bps EBITDA margin expansion.
Cigarette segment Net Revenue grew 7.9% YoY, supported by sustained volume-led momentum and premiumization.
Board recommended an interim dividend of Rs. 6.50 per share for the financial year ending March 31, 2026.
Digital-first and Organic portfolio brands (Yogabar, Mother Sparsh, etc.) saw a high growth trajectory of 60% YoY.
💼 Action for Investors
Investors should take confidence in the rapid margin scaling of the FMCG-Others business, which is diversifying ITC's profit base. While the cigarette tax hike is a regulatory headwind to monitor, the strong dividend payout and robust cash flows remain attractive for long-term holders.
ITC Declares Interim Dividend of ₹6.50 Per Share; Sets Feb 4 as Record Date
ITC Limited has declared an interim dividend of ₹6.50 per ordinary share for the financial year ending March 31, 2026. The announcement followed a Board meeting on January 29, 2026, where the company also approved its unaudited financial results for the quarter and nine months ended December 31, 2025. The record date for determining shareholder eligibility for this dividend has been fixed as February 4, 2026. Shareholders can expect the dividend payment to be processed between February 26 and February 28, 2026.
Key Highlights
Interim dividend of ₹6.50 per ordinary share of ₹1 face value declared.
Record date for dividend entitlement fixed as February 4, 2026.
Dividend payment scheduled between February 26 and February 28, 2026.
Board approved unaudited standalone and consolidated financial results for Q3 and 9M FY26.
The Board meeting concluded at 6.25 p.m. following a 1.10 p.m. start.
💼 Action for Investors
Investors looking to benefit from the dividend should ensure they hold the stock before the ex-dividend date. The ₹6.50 payout reflects ITC's consistent policy of returning value to shareholders.
ITC Declares Interim Dividend of ₹6.50 per Share for FY 2025-26
ITC Limited has declared an interim dividend of ₹6.50 per ordinary share of ₹1 each for the financial year ending March 31, 2026. The company has fixed February 4, 2026, as the record date for determining shareholder eligibility for this payout. The dividend is scheduled to be paid between February 26 and February 28, 2026. This announcement was made alongside the approval of the company's unaudited financial results for the quarter and nine months ended December 31, 2025.
Key Highlights
Interim dividend of ₹6.50 per share declared on a face value of ₹1 each
Record date for dividend entitlement fixed as February 4, 2026
Dividend payment to be completed between February 26 and February 28, 2026
Board approved unaudited standalone and consolidated financial results for Q3 FY26
Statutory auditors S R B C & CO LLP completed the limited review of the results
💼 Action for Investors
Investors seeking dividend income should ensure they hold the stock before the record date of February 4, 2026. The consistent payout reinforces ITC's status as a reliable dividend-yielding stock for long-term portfolios.
ITC Q3 Results: Net Profit at ₹5,089 Cr, Declares ₹6.50 Interim Dividend
ITC Limited reported a steady performance for Q3 FY26 with revenue from operations reaching ₹19,359.46 crore, compared to ₹18,290.24 crore in the same quarter last year. The company declared an interim dividend of ₹6.50 per share, maintaining its consistent payout policy. Net profit for the quarter stood at ₹5,088.83 crore, which was impacted by a one-time exceptional charge of ₹273.83 crore due to the implementation of New Labour Codes. Notably, the Hotel business has been demerged effective January 1, 2025, which affects year-on-year bottom-line comparisons.
Key Highlights
Revenue from operations grew 5.8% YoY to ₹19,359.46 crore.
Declared an interim dividend of ₹6.50 per share with a record date of February 4, 2026.
Cigarette segment revenue increased 8% YoY to ₹8,790.76 crore.
FMCG-Others EBITDA grew to ₹601.71 crore from ₹462.71 crore YoY, showing margin improvement.
Recognized a one-time exceptional expense of ₹273.83 crore related to gratuity and wage liabilities under New Labour Codes.
💼 Action for Investors
Investors should maintain a positive outlook given the steady growth in the FMCG-Others segment and resilient cigarette volumes. The stock remains a preferred pick for dividend-seeking investors with a long-term horizon.
ITC Declares ₹6.50 Interim Dividend; Q3 Revenue Rises to ₹19,359 Crore
ITC Limited has declared an interim dividend of ₹6.50 per share for the financial year ending March 31, 2026, with a record date of February 4, 2026. The company reported a 5.8% YoY increase in standalone revenue from operations to ₹19,359.46 crore for Q3 FY26. Net profit for the quarter stood at ₹5,088.83 crore, which was slightly impacted by a one-time exceptional charge of ₹273.83 crore related to the New Labour Codes. The cigarette and FMCG-Others segments showed steady growth, contributing ₹8,790.76 crore and ₹6,019.69 crore to the revenue respectively.
Key Highlights
Declared interim dividend of ₹6.50 per equity share with payment scheduled for late February 2026.
Standalone Revenue from Operations grew 5.8% YoY to ₹19,359.46 crore.
Cigarette segment revenue increased to ₹8,790.76 crore compared to ₹8,136.29 crore in the previous year.
FMCG-Others EBITDA improved significantly to ₹601.71 crore from ₹462.71 crore YoY.
Recognized an exceptional cost of ₹273.83 crore due to revised gratuity liabilities under New Labour Codes.
💼 Action for Investors
Investors should maintain their positions to benefit from the steady dividend yield and consistent growth in the FMCG and Cigarette verticals. Ensure holdings are in the demat account by the February 4 record date to qualify for the ₹6.50 dividend.
ITC Q3 Results: Net Profit at ₹5,089 Cr; Declares ₹6.50 Interim Dividend
ITC Limited reported a 5.8% YoY growth in standalone revenue from operations at ₹19,359.46 crore for the quarter ended December 31, 2025. Net profit from continuing operations stood at ₹5,088.83 crore, compared to ₹5,421.36 crore in the previous year, primarily impacted by a one-time exceptional charge of ₹273.83 crore related to the New Labour Codes. The company declared an interim dividend of ₹6.50 per share with a record date of February 4, 2026. The Cigarette and FMCG-Others segments showed resilient growth, while the Hotel business has been successfully demerged as of January 1, 2025.
Key Highlights
Standalone Revenue from Operations grew 5.8% YoY to ₹19,359.46 crore.
Declared an interim dividend of ₹6.50 per share for the financial year ending March 31, 2026.
Cigarette segment revenue increased by 8% YoY to ₹8,790.76 crore.
FMCG-Others segment EBITDA rose significantly to ₹601.71 crore from ₹462.71 crore YoY.
Exceptional item of ₹273.83 crore recognized due to liability changes from the New Labour Codes, 2019-2020.
💼 Action for Investors
Investors should maintain a positive outlook on ITC's core cigarette and FMCG businesses which continue to show steady growth. The interim dividend provides a reliable yield, though the one-time labor cost impact slightly dampened the bottom line this quarter.
ITC Hotels Q3 FY26: Record Revenue of ₹1,231 Cr, PAT Surges 42% YoY
ITC Hotels reported its highest-ever Q3 revenue and profits, with consolidated revenue growing 21% YoY to ₹1,231 crore. Net profit (PAT before exceptional items) saw a significant jump of 42% to ₹307 crore, driven by strong demand in the luxury, wedding, and MICE segments. The company's RevPAR grew by 13%, maintaining a substantial 48% premium over the industry average. Expansion remains aggressive, with the portfolio crossing 150 operational hotels and the Colombo project turning EBITDA positive.
Key Highlights
Consolidated Revenue from Operations rose 21% YoY to ₹1,231 crore, while EBITDA increased 23% to ₹467 crore.
PAT (before exceptional items) surged 42% YoY to ₹307 crore with a consolidated EBITDA margin of 38%.
RevPAR grew by 13% driven by a 9% increase in ADR and 290 bps expansion in occupancy.
Portfolio reached a milestone of 150+ operational hotels with 14,000+ keys; 28 new hotels signed in CY2025.
ITC Ratnadipa (Colombo) turned EBITDA positive on a YTD basis and commenced apartment handovers at Sapphire Residences.
💼 Action for Investors
The strong margin expansion and significant RevPAR premium over the industry indicate high brand equity and operational efficiency. Investors should maintain a positive outlook given the robust pipeline of 28 new signings and the strategic 'Asset-Right' expansion into Tier-II and Tier-III cities.
ITC Hotels Q3 Net Profit Grows 9.6% to ₹236.8 Cr; Revenue Up 21% YoY
ITC Hotels reported a strong performance for Q3 FY26, with consolidated revenue from operations growing 21.2% year-on-year to ₹1,230.68 crore. Consolidated net profit increased by 9.6% to ₹236.83 crore, even after accounting for a significant exceptional loss of ₹84 crore. This exceptional charge includes a ₹55.42 crore provision for new labour codes and a ₹28.58 crore inventory loss caused by Cyclone Ditwah in Sri Lanka. The core hospitality segment continues to lead growth, while the real estate segment contributed ₹81.51 crore to the top line.
Key Highlights
Consolidated Revenue from Operations increased 21.2% YoY to ₹1,230.68 crore in Q3 FY26.
Consolidated Net Profit rose to ₹236.83 crore from ₹216.00 crore in the previous year's corresponding quarter.
Hotel segment revenue grew to ₹1,132.51 crore, up from ₹995.49 crore in Q3 FY25.
Exceptional items totaling ₹84 crore impacted the bottom line, including labor code provisions and cyclone-related losses.
Standalone EPS for the quarter stood at ₹1.18, reflecting steady operational efficiency post-demerger.
💼 Action for Investors
Investors should view the results positively as the core hospitality business shows robust double-digit growth despite one-off exceptional costs. Monitor the progress of the real estate segment and the finalization of labor code rules for any further financial adjustments.
Nitco Appoints Bikash Jain as CFO and Rupali Swami Kambli as Company Secretary
Nitco Limited has announced a significant leadership transition, appointing Mr. Bikash Jain as the new Chief Financial Officer effective January 16, 2026. Mr. Jain brings over 20 years of experience, including a decade as CFO or Head of Finance at major multinationals like GSK, Coca-Cola, and Colgate-Palmolive. Simultaneously, Mrs. Rupali Swami Kambli has been appointed as the Company Secretary and Compliance Officer, succeeding Mrs. Geeta Shah who resigned due to relocation. These appointments represent a strengthening of the company's Key Managerial Personnel (KMP) with high-caliber professionals.
Key Highlights
Mr. Bikash Jain appointed as CFO effective January 16, 2026, with 20+ years of experience in finance leadership.
New CFO has a strong pedigree with previous roles at GSK, Colgate-Palmolive, Coca-Cola, and Hero Cycles.
Mrs. Rupali Swami Kambli appointed as Company Secretary and Compliance Officer effective January 16, 2026.
Outgoing CS Mrs. Geeta Shah resigned effective January 14, 2026, but will remain until February 28, 2026, for a smooth transition.
The board meeting concluded at 4:50 P.M. on January 14, 2026, finalizing these key managerial changes.
💼 Action for Investors
Investors should view the appointment of a CFO with extensive multinational experience as a positive step toward improving financial governance and strategic growth. Monitor the company's upcoming financial results to see if the new leadership can drive better operational efficiency.
Nitco Appoints Bikash Jain as CFO and Rupali Swami Kambli as Company Secretary
Nitco Limited has announced a significant leadership transition, appointing Mr. Bikash Jain as the new Chief Financial Officer effective January 16, 2026. Mr. Jain brings over 20 years of experience from major multinational corporations including GSK, Colgate-Palmolive, and Coca-Cola, which is expected to strengthen the company's financial strategy. Additionally, Mrs. Rupali Swami Kambli has been appointed as the Company Secretary and Compliance Officer, succeeding Mrs. Geeta Shah who resigned to relocate abroad. The outgoing Company Secretary will remain with the firm until February 28, 2026, to ensure a smooth handover process.
Key Highlights
Mr. Bikash Jain appointed as CFO effective January 16, 2026, with 20+ years of experience in finance and strategic resource allocation.
Mrs. Rupali Swami Kambli appointed as Company Secretary and Compliance Officer with over 11 years of experience in corporate governance.
Outgoing CS Mrs. Geeta Shah resigned effective January 14, 2026, but will assist in the transition until February 28, 2026.
New CFO has a proven track record in driving profitable growth and leading large-scale restructuring in complex markets.
The appointments were approved by the Board based on recommendations from the Nomination & Remuneration and Audit Committees.
💼 Action for Investors
Investors should view the appointment of a CFO with extensive MNC experience as a positive step toward improving financial governance and operational efficiency. Monitor the impact of the new leadership on the company's cash flow management and strategic growth initiatives over the coming quarters.
Nitco Appoints Bikash Jain as CFO and Rupali Swami Kambli as Company Secretary
Nitco Limited has announced a significant leadership transition following its board meeting on January 14, 2026. The company has appointed Mr. Bikash Jain as the Chief Financial Officer, effective January 16, 2026, bringing over 20 years of experience from major MNCs like GSK and Coca-Cola. Additionally, Mrs. Rupali Swami Kambli has been appointed as the Company Secretary and Compliance Officer, replacing Mrs. Geeta Shah who resigned to relocate abroad. These strategic appointments of Key Managerial Personnel (KMP) are aimed at strengthening the company's financial governance and regulatory compliance frameworks.
Key Highlights
Mr. Bikash Jain appointed as CFO effective January 16, 2026, with 20+ years of experience at GSK, Colgate-Palmolive, and Hero Cycles.
Mrs. Rupali Swami Kambli appointed as Company Secretary and Compliance Officer with 11+ years of experience in corporate governance and law.
Outgoing CS Mrs. Geeta Shah resigned effective January 14, 2026, but will remain as an employee until February 28, 2026, for a smooth transition.
The new CFO's background includes expertise in driving profitable growth, cash flow improvement, and large-scale restructuring.
All appointments were made based on recommendations from the Nomination & Remuneration and Audit Committees.
💼 Action for Investors
The appointment of a CFO with high-profile MNC experience is a positive signal for Nitco's financial management and strategic planning. Investors should monitor if this leadership change translates into improved financial discipline and operational efficiency in the coming quarters.
Nitco Appoints Bikash Jain as CFO; Announces New Company Secretary
Nitco Limited has appointed Mr. Bikash Jain as its new Chief Financial Officer, effective January 16, 2026. Mr. Jain brings over 20 years of experience, including a decade as CFO or Head of Finance at major multinational organizations such as GSK, Colgate-Palmolive, and Coca-Cola. Simultaneously, the company appointed Mrs. Rupali Swami Kambli as the new Company Secretary and Compliance Officer. These appointments follow the resignation of the previous Company Secretary, Mrs. Geeta Shah, who is relocating outside India.
Key Highlights
Mr. Bikash Jain appointed as CFO and Key Managerial Personnel effective January 16, 2026.
New CFO has 20+ years of experience with leadership stints at GSK, Colgate-Palmolive, Coca-Cola, and Hero Cycles.
Mrs. Rupali Swami Kambli appointed as Company Secretary and Compliance Officer with 11+ years of experience.
Outgoing CS Mrs. Geeta Shah will remain as an employee until February 28, 2026, to ensure a smooth transition.
The board meeting concluded on January 14, 2026, approving these key leadership changes.
💼 Action for Investors
The appointment of a CFO with extensive MNC experience is a positive development for Nitco's financial governance and strategic planning. Investors should watch for improvements in the company's cash flow management and operational efficiencies under the new leadership.
Nitco Appoints Bikash Jain as CFO and Rupali Swami Kambli as Company Secretary
Nitco Limited has announced a significant leadership transition following its board meeting on January 14, 2026. Mr. Bikash Jain, a Chartered Accountant with over 20 years of experience at multinational firms like GSK and Coca-Cola, has been appointed as the new Chief Financial Officer effective January 16, 2026. Simultaneously, Mrs. Rupali Swami Kambli will take over as Company Secretary and Compliance Officer, bringing 11 years of experience in corporate governance. These appointments follow the resignation of the current Company Secretary, Mrs. Geeta Shah, who is relocating abroad but will assist in the transition until February 28, 2026.
Key Highlights
Mr. Bikash Jain appointed as CFO effective January 16, 2026, with 20+ years of experience at GSK, Coca-Cola, and Hero Cycles.
Mrs. Rupali Swami Kambli appointed as Company Secretary and Compliance Officer effective January 16, 2026.
Outgoing CS Mrs. Geeta Shah resigned effective January 14, 2026, but remains an employee until February 28, 2026, for transition support.
The new CFO has a proven track record in large-scale restructuring and merger integration across Southeast Asia and North Africa.
💼 Action for Investors
Investors should view the appointment of a CFO with extensive multinational experience as a positive step toward strengthening financial governance and strategic growth. Monitor the company's upcoming financial reports for any shifts in fiscal strategy under the new leadership.
NITCO Limited CFO Sitanshu Satapathy Resigns Effective January 13, 2026
NITCO Limited has announced the resignation of Mr. Sitanshu Satapathy from his position as Chief Financial Officer and Key Managerial Personnel. The resignation is effective from the close of business hours on January 13, 2026. Mr. Satapathy cited his future plans for self-engagement as the reason for stepping down. The company will now need to identify a successor to lead its financial operations and maintain regulatory compliance.
Key Highlights
Mr. Sitanshu Satapathy resigned as CFO and Key Managerial Personnel effective January 13, 2026.
The reason for the resignation is stated as future plans for self-engagement.
The resignation also results in his cessation as a Senior Management Personnel of the company.
The company has acknowledged the services rendered by him during his tenure.
💼 Action for Investors
Investors should monitor the company's upcoming announcements regarding the appointment of a new CFO to ensure leadership continuity. While the resignation appears routine, a timely replacement is essential for maintaining financial oversight.
ITC Hotels Bags Land Lease at Yashobhoomi, Delhi for ₹326.5 Cr to Build 5-Star Hotel
ITC Hotels Limited has secured a 91-year lease for land at Yashobhoomi, Dwarka, New Delhi, from the India International Convention and Exhibition Centre Limited (IICC). The company will pay a lease premium of ₹326.50 crores for the site, which has a permissible Floor Area Ratio (FAR) of approximately 26,179 square meters. The land is earmarked for the development of a premium 5-star hotel featuring signature cuisine and extensive banqueting facilities. This move strategically positions ITC Hotels to capture the growing MICE (Meetings, Incentives, Conferences, and Exhibitions) demand at India's largest convention hub.
Key Highlights
Allotment of land at Yashobhoomi, Dwarka, on a long-term lease of approximately 91 years.
Total lease premium consideration of ₹326.50 crores to be paid to IICC.
Permissible FAR of ~26,179 square meters on a ground coverage of ~3,648 square meters.
Project involves the development and operation of a premium 5-star hotel with signature dining.
Strengthens Delhi NCR footprint where ITC already operates 10 properties with 1,599 keys.
💼 Action for Investors
Investors should look favorably on this strategic expansion into a high-traffic MICE destination, which promises long-term revenue visibility. Monitor the company's upcoming capital expenditure plans for the construction phase of this project.
NITCO Limited Reports 85% Sales Growth in December 2025 vs January 2025
NITCO Limited announced a significant sales growth of approximately 85% in December 2025 compared to January 2025 on a month-on-month basis. This robust performance was driven by increased customer demand, a strengthened product portfolio, and improved distribution reach. The company also attributed the success to strategic partnerships and enhanced operational efficiencies. Management remains optimistic about future growth prospects while maintaining a focus on financial discipline.
Key Highlights
Achieved approximately 85% sales growth in December 2025 compared to January 2025.
Growth driven by higher customer demand and a strengthened product portfolio.
Improved distribution network and strategic partnerships contributed to the sales surge.
Management emphasized a focus on sustainable growth, capacity expansion, and operational efficiency.
💼 Action for Investors
Investors should watch for the upcoming quarterly earnings to see if this high sales growth translates into improved net profit margins. It is important to verify if this momentum is sustainable or a result of year-end cyclical demand in the construction materials sector.
Ritco Logistics Secures ₹205 Cr New Contracts in Dec 2025; TrucksUp Plans Fundraise
Ritco Logistics reported a strong performance in December 2025, securing new transportation contracts worth approximately ₹205 crore. A significant portion of this growth comes from a ₹165 crore multi-year contract in the polymer sector, alongside ₹35 crore in the steel and metals segment. The company's digital platform, TrucksUp, demonstrated operational efficiency with 35,679 downloads and a 31.89% load match rate. Additionally, TrucksUp is planning a fundraise to support expansion and has solidified partnerships with Jio-bp, HDFC Bank, and IDFC Bank for fuel, financing, and digital services.
Key Highlights
Secured new transportation contracts totaling ₹205 crore in December 2025 alone.
Major ₹165 crore multi-year contract won from a leading Rajasthan-based polymer company.
TrucksUp platform added 267,542 loads and grew its subscriber base to 5,471 users.
Announced a fundraise for TrucksUp to support platform capabilities and business expansion.
Strategic collaborations established with Jio-bp for fuel cards and HDFC Bank for truck financing.
💼 Action for Investors
Investors should view the strong order wins and sector diversification as a positive sign of revenue visibility. Monitor the upcoming fundraise for TrucksUp as it could unlock further value in the company's digital logistics ecosystem.
ITC Hotels Shareholders Approve Employee Stock Appreciation Rights Scheme with 99.8% Majority
ITC Hotels Limited has announced the successful passage of two special resolutions via postal ballot to implement an Employee Stock Appreciation Rights (ESAR) Scheme. The resolutions, covering employees of both the company and its subsidiaries, received overwhelming support with over 99.8% of votes cast in favour. Approximately 83.56% of the total shareholding participated in the voting process, reflecting strong shareholder engagement. This move is aimed at aligning employee interests with long-term shareholder value and enhancing talent retention.
Key Highlights
Special resolution for ESAR Scheme for company employees passed with 99.86% majority in favour.
Resolution for ESAR Scheme for subsidiary employees passed with 99.91% majority in favour.
Total voter turnout was 83.56%, representing 174.04 crore shares out of 208.27 crore total shares.
Institutional investors showed high participation at 97.01% with near-unanimous support for the scheme.
Promoter group holding 83 crore shares voted 100% in favour of both resolutions.
💼 Action for Investors
Investors should view this as a positive step for long-term talent retention and organizational stability. While ESARs lead to minor equity dilution, the alignment of employee incentives with stock performance is generally beneficial for shareholders.
ITC Receives CCI Approval for Acquisition of Century Pulp & Paper Business
ITC Limited has received formal approval from the Competition Commission of India (CCI) for its acquisition of the pulp and paper business of Aditya Birla Real Estate Limited, known as 'Century Pulp & Paper'. The transaction is being executed as a slump sale on a going concern basis, following the initial agreement announced on March 31, 2025. This regulatory clearance is a critical milestone in completing the deal, which aims to bolster ITC's Paperboards and Packaging division. The integration of this business is expected to enhance ITC's manufacturing capacity and market share in the paper sector.
Key Highlights
CCI approved the acquisition of 'Century Pulp & Paper' business on December 16, 2025
The acquisition is structured as a slump sale on a going concern basis from Aditya Birla Real Estate Limited
This update follows the initial transaction disclosure made by ITC on March 31, 2025
The move strengthens ITC's non-tobacco business segment, specifically Paperboards and Packaging
💼 Action for Investors
Investors should view this regulatory clearance as a positive step toward business diversification and vertical integration. Monitor for further disclosures regarding the final transaction value and the expected timeline for operational integration.
ITC Appoints Amitabh Kant as Independent Director; Re-appoints Hemant Malik as Wholetime Director
ITC Limited has received shareholder approval for the appointment of Mr. Amitabh Kant as an Independent Director for a five-year term starting January 1, 2026. Mr. Kant, a former G20 Sherpa and CEO of NITI Aayog, brings over 40 years of administrative and policy experience to the board. Additionally, the company has re-appointed Mr. Hemant Malik as a Wholetime Director for a two-year term starting August 12, 2026. Mr. Malik currently leads the critical Foods and Personal Care divisions and has been with ITC for over 35 years.
Key Highlights
Mr. Amitabh Kant appointed as Independent Director for a 5-year term effective January 1, 2026
Mr. Hemant Malik re-appointed as Wholetime Director for a 2-year term effective August 12, 2026
Mr. Kant previously served as G20 Sherpa and CEO of NITI Aayog with 40+ years of experience
Mr. Malik has 35+ years of experience at ITC and oversees the Foods and Personal Care businesses
Appointments were approved by shareholders via Postal Ballot through e-voting
💼 Action for Investors
Investors should view the addition of a high-profile policy expert like Amitabh Kant as a positive for corporate governance and strategic direction. The re-appointment of Hemant Malik ensures leadership continuity in the company's high-growth FMCG segments.