Interview With Mr. Akash (Manager - ITC)

 TRANSCRIPT FROM THE INTERVIEW:

Interviewer : Thank you for joining us today. To start, could you share your perspective on how ITC has focused on value creation over the years?

Interviewee : Certainly. ITC has consistently emphasized a multi-dimensional approach to value creation. The company's diversified business portfolio, spanning FMCG, Agribusiness, Paperboards & Packaging, Hotels, and Information Technology, is a strategic move to leverage core competencies and create synergies across sectors. This diversification aligns with the principle of strategic fit within the Value Octagon framework.

Interviewer: Interesting. Could you elaborate on how ITC's sustainability initiatives contribute to its overall value creation strategy?

Interviewee: Absolutely. ITC places a significant emphasis on sustainability, evident in initiatives like e-Choupal and robust environmental stewardship. For instance, e-Choupal directly engages with farmers, promoting sustainable agricultural practices, aligning with the environmental impact dimension of the Value Octagon. These efforts not only contribute to societal well-being but also enhance the company's brand reputation and market positioning.

Interviewer: How has ITC managed to balance financial performance with its commitment to environmental and social impact?

Interviewee: It's a delicate balance, but ITC has strategically integrated sustainability into its business model. Investments in renewable energy, water management, and responsible sourcing align with environmental impact considerations. Simultaneously, our agribusiness initiatives, like e-Choupal, contribute to positive social impact. The company believes that considering both financial and non-financial factors is essential for long-term value creation.

Interviewer: Can you provide an example where ITC's strategic decisions have resulted in tangible value creation?

Interviewee: Certainly. The acquisition of Sunrise Foods in 2020 was a strategic move to strengthen ITC's presence in the spices and instant mixes segment. This not only expanded our product portfolio but also leveraged Sunrise Foods' regional brand presence, contributing to increased market share and, consequently, shareholder value.

Interviewer: How does ITC ensure responsible corporate governance, and how does it contribute to value creation?

Interviewee: ITC has robust corporate governance practices embedded in its culture. Transparent reporting, ethical conduct, and a stable management team contribute to building trust among stakeholders. This, in turn, enhances shareholder confidence, fostering a positive environment for value creation.

Interviewer: Thank you for providing such insightful perspectives on ITC's value creation journey.

Interviewee: My pleasure. It's a dynamic journey, and ITC's commitment to the Value Octagon principles has been instrumental in navigating the complexities of business while creating enduring value.



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