ITC Ltd has outlined a long-term growth strategy targeting an Indian FMCG market size of approximately Rs 8 lakh crore by 2035.
Chairman and Managing Director Sanjiv Puri indicated that the conglomerate intends to capture this opportunity through a combination of artificial intelligence integration, digital commerce expansion, and a focus on premium brands.
The company also signaled openness to acquisitions to accelerate its market position.
This strategic outlook reinforces ITC's ongoing transformation from a tobacco-centric business into a diversified consumer goods powerhouse.
The emphasis on premiumisation aligns with broader trends in India's rising middle class, while the adoption of AI and digital channels aims to modernize supply chains and customer engagement.
These moves are designed to sustain revenue growth as the company seeks to reduce reliance on its traditional cigarette business.