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ITC completed its Hotels business demerger, which saw its highest-ever revenue and operating profits in the 9 months. The company strategically expanded its FMCG portfolio via acquisitions of 24 Mantra Organic, Prasuma, and Mother Sparsh. Its Paperboards business acquired Century Pulp and Paper, expected to be EPS-accretive with a 30-40% EBITDA/ton increase. ITC plans to invest Rs 20,000 Cr in the medium term. The Food-Tech business scaled to 60 cloud kitchens, growing at 108% CAGR. Additionally, ITCMAARS now empowers 22 lakh farmers. The company reaffirmed its Net Zero by 2050 commitment.