According to an article in The Hindu, diversified conglomerate ITC Ltd. is eying a margin expansion of 100 basis points (bps) a year. "Last year, the margin expansion was 10 bps. Due to the extraordinary situation, we could marginally expand. But our target is to achieve 100 bps a year," Chairman Sanjiv Puri said.

 

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https://www.thehindu.com/business/itc-eyes-margin-expansion-of-100-bps-a-year/article65666558.ece#:~:text=Diversified%20conglomerate%20ITC%20Ltd.%20is,margin%20expansion%20was%2010%20bps.