ITC Ltd posts Gross Revenue of Rs 46,300 crore for FY20
As part of the 109th AGM, Sanjiv Puri, Chairman, ITC Limited, said accelerated digital transformation has been integral to ITC’s future-ready strategy
ITC Ltd has recorded a Gross Revenue and PBT (before exceptional items) of Rs 46,300 crore and Rs 19300 crore respectively for FY20.
The non-cigarette segment revenue has increased to Rs 31,000 crore during the year, accounting for nearly 60% of ITC’s total segment revenue.
As part of the 109th AGM, Sanjiv Puri, Chairman, ITC Limited, said accelerated digital transformation has been integral to ITC’s future-ready strategy and is increasingly being harnessed to enhance competitive advantage.
In his speech Puri said, “New technologies such as Industry 4.0, Artificial Intelligence, Big Data, industrial Internet of Things (IoT) and Machine Learning are being deployed by all Businesses, including ITC’s supply chain and logistics to enhance operational effectiveness. Substantial investments have been made in the creation of a digital eco-system to drive smart manufacturing, product quality, traceability and supply chain agility, amongst others. This accelerated digital journey has begun to demonstrate appreciable outcomes.”
“ITC’s Marketing Command Centre - ‘Sixth Sense’ - leverages cloud-technology, cutting-edge social-media engagement tools and a digital marketing & analytics platform to drive contextual communication and product development rapidly. The Centre has today developed into a real time repository on market trends.”
Puri also shared his vision on the organisation’s top strategic priorities in preparing for the ‘Next Normal’ and Reimagining the Future for ITC during the unprecedented times.
He also spoke about “the company’s resolve to support an Atmanirbhar Bharat as well as the Company’s superordinate national purpose to create larger value for the country and its stakeholders”.
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