ITC Chairman Sanjiv Puri Sees 6.8% Decline in Compensation for FY26

Sanjiv Puri, the Chairman and Managing Director of ITC, witnessed a 6.8% reduction in his compensation in FY26, bringing his total remuneration to ₹23.91 crore. The decline was attributed mainly to lesser performance-linked bonuses and diminished long-term incentives as per the company’s latest annual report. 

Details of Sanjiv Puri's FY26 Compensation 

For FY26, Sanjiv Puri's compensation package was comprised of a basic and consolidated salary of ₹3.85 crore, perquisites valued at ₹88 lakh, and ₹19.17 crore in performance-linked bonuses and long-term incentives. This marked a decrease from FY25 when he received total remuneration of ₹25.66 crore, indicating a significant overall reduction due to lower variable pay components in FY26. 

In FY25, Puri's earnings included a basic salary of ₹3.53 crore alongside perquisites amounting to ₹73 lakh, with performance bonuses and additional incentives at ₹21.39 crore, showing noticeable changes in variable versus fixed salary elements in the following year. 

Comparison with Median Employee Earnings 

Interestingly, the annual report revealed that Puri's FY26 remuneration was 338 times the median earnings of ITC employees. The median pay for the 10,368 male employees at ITC stood at ₹5,30,593, while for 683 female employees, it was ₹2,25,424. ITC explained the gender disparity owing to the recent hiring of female workers in new roles at its manufacturing units. 

Read More: Tech Mahindra CEO Mohit Joshi's Salary Increases by 11.76% to ₹67.55 Crore in FY26! 

Changes in ITC Shareholdings 

There was also a decrease in Puri’s stake in ITC shares. As of March 31, 2026, he held 3,00,591 shares and had received 1,01,000 stock options. This was a reduction from the previous year where Puri owned 4,52,843 shares and was granted 1,34,500 stock options, reflecting changes in share allocation and company performance compensations. 

Key Managerial Personnel Compensation Trends 

The report indicated a 2% decrease in the remuneration of key managerial personnel (KMPs), highlighting a consistent reduction trend in the firm's executive payouts for FY26 when compared to the previous year’s metrics. 

ITC Share Price Performance 

As of June 25, 2026, at 3:30 PM, ITC share price on NSE was closed at ₹290.00, down by 0.12% from the previous closing price. 

Conclusion 

Sanji Puri's compensation declined by 6.8% to ₹23.91 crore in FY26. His package included ₹3.85 crore in salary, perquisites worth ₹88 lakh, and bonuses of ₹19.17 crore. The remuneration was 338 times that of median employee earnings. His ITC shareholdings decreased, and KMP compensation reduced by 2%. 

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