Adjusting To The New Normal | Sanjiv Puri of ITC To ET NOW
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We are facing challenges due to a halt in economic activity. Opportunity in FMCG, health & wellness, nutrition & hygiene are plenty. Consumers will seek trusted brands post COVID19. Adjusting to the new normal is incredibly important and FMCG business is slowly getting back to normal. There is a good demand for consumer staples, food & personal hygiene, but on the other hand consumer discretionary spendings is under stress. Our hotels are not operational, business severely impacted but our Agri segment is slowly getting back to normal. Digital sales are very important, will continue to grow but post COVID19 kirana stores & online sales will be key focus areas. 60% of revenue from non-tobacco businesses since there is a higher headroom for growth in non-tobacco businesses. 80% of capital employed in non-tobacco business and we will expand footprint in hotel & FMCG business. Illegal imports the biggest challenge for the tobacco business. The illicit cigarette industry is growing due to higher taxes. Ficci estimates revenue loss due to the illicit cigarettes at Rs 13000 cr Investors should look at free cash flow that ITC generates. We have been resilient performers over the years and our bottom line will improve as businesses grow. We also believe margins will improve year on year, says Sanjiv Puri, Chairman of ITC in an ET NOW Mega Exclusive interview. Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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