HCM & HRIS

ITC CMD total remuneration slips 6.8% to Rs 23.91 crore in FY26

June 27, 2026
www.ETHRWorld.com
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  • Published On Jun 27, 2026 at 09:27 AM IST

< />New Delhi, ITC Chairman and Managing Director Sanjiv Puri’s total remuneration declined 6.8 per cent in FY26 to Rs 23.91 crore due to a reduction in performance bonus and long-term incentives/commissions, according to its latest annual report.<br><br><!– PROMOSLOT_M –>Puri’s remuneration included a basic/consolidated salary of Rs 3.85 crore, perquisites of Rs 88 lakh, along with Rs 19.17 crore as performance-linked bonus and long-term incentives/commissions.<br><br><div class=” article-detail-ad-slot=”” captionrendered=”1″ data-src=”https://etimg.etb2bimg.com/photo/132028302.cms” height=”442″ loading=”eager” src=”https://hr.economictimes.indiatimes.com/images/default.jpg” width=”590″></img></p> </div> <p>A year before, Puri’s total remuneration was Rs 25.66 crore in FY25.</p> <p>This included a basic/consolidated salary of Rs 3.53 crore, and perquisites of Rs 73 lakh in FY25. His performance bonus and long-term incentives/commissions were Rs 21.39 crore.</p> <p>Puri’s basic/consolidated salary, as well as perquisites, was hiked in 2025-26 compared to the previous fiscal.</p> <p>As of March 31, 2026, the number of ordinary shares (of Rs 1 each) held by Puri was 3,00,591 and 1,01,000 shares were granted in stock options.</p> <p>However, in FY25, the number of ITC shares held (singly/jointly) was higher at 4,52,843, and the number of stock options granted was 1,34,500.</p> <p>The ratio of Puri’s salary against the median remuneration of all employees was 338:1.</p> <p>The median remuneration for 10,368 male workers was Rs 5,30,593 in FY26 and Rs 2,25,424 for 683 female workers.</p> <p>According to ITC, “The majority of female workers are employed in new manufacturing units. Since a significant majority of these recruits are new entrants, the median remuneration appears lower”.</p> <p>Compared to the financial year 2024-25, the figures for 2025-26 reflect that “median remuneration of employees increased by 4 per cent” and “average remuneration of employees decreased by 2 per cent”.</p> <p>Moreover, remuneration of KMPs ( Key Managerial Personnel), which generally includes executive management, decreased by 2 per cent. </p> <div> <div> <ul> <li><a href=PTI

  • Published On Jun 27, 2026 at 09:27 AM IST

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