ITC Limited is set to make its next major investment in Andhra Pradesh, Chairman and Managing Director Sanjiv Puri announced at the Confederation of Indian Industry (CII) Annual Business Summit 2025. Addressing the concluding session of the summit in the presence of Andhra Pradesh Chief Minister N. Chandrababu Naidu, Puri said the announcement regarding the investment would be made “very soon.”
“This decision stems from our confidence in Andhra Pradesh’s growth trajectory and governance. We’ve seen the transformation under your leadership before, and we are encouraged by the current momentum,” Puri told CM Naidu.
Puri, who is also serving as the President of CII, emphasized ITC’s ongoing commitment to expanding its footprint across multiple sectors in Andhra Pradesh, including FMCG, agri-business, paperboards, and packaging.
ITC is one of India’s leading private sector companies with diversified operations. The company has been steadily investing in infrastructure and distribution capabilities, especially in states demonstrating high growth potential.
In FY25, ITC posted resilient financials despite a challenging macroeconomic environment. Gross Revenue from continuing operations stood at ₹73,464.55 crore, while EBITDA reached ₹24,024.83 crore. The company reported ₹26,000.86 crore in profit before exceptional items and tax.
ITC’s FMCG-Others segment continued to perform steadily despite muted consumer demand and intensifying competition from regional brands. The company highlighted its strategic use of digital tools to gain consumer insights, fuel innovation, and enhance brand loyalty. ITC also continues to expand its multi-channel distribution infrastructure to improve product availability and market penetration.
Addressing the same summit, Chief Minister Naidu encouraged industry leaders to explore investment opportunities in Andhra Pradesh. He outlined the state’s development blueprint, the Swarna Andhra Vision 2047, which aims to drive economic acceleration, inclusive growth, and an innovation-led industrial resurgence.
“This is the right time to invest in Andhra Pradesh and be a part of India’s next growth chapter,” Naidu said.