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Informist, Tuesday, Jan. 20, 2026

 

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--ITC Hotels Oct-Dec consol net profit INR 2.35 bln
--ITC Hotels Oct-Dec consol net profit INR 2.35 bln vs INR 2.15 bln yr ago
--ITC Hotels Oct-Dec consol revenue INR 12.31 bln vs INR 10.15 bln yr ago
--ITC Hotels Oct-Dec consol net profit includes one-time cost of INR 840 mln
--ITC Hotels Oct-Dec consol PAT excluding one-time cost INR 3.19 bln
--ITC Hotels Apr-Dec consol net profit INR 5.01 bln vs INR 3.78 bln yr ago
--ITC Hotels Apr-Dec consol revenue INR 28.86 bln vs INR 24.99 bln yr ago
--ITC Hotels Oct-Dec room occupancy 75% vs 73% year ago 
--ITC Hotels Oct-Dec revenue per available room at INR 11,400, up 12% on yr 
--ITC Hotels Oct-Dec consol EBITDA INR 4.67 bln, up 23% year ago 
--ITC Hotels Oct-Dec consol EBITDA margin 38%, 47 bps on year

By Gunjan Rajput

 

MUMBAI – ITC Hotels Ltd. reported a muted consolidated net profit for the December quarter, dragged down by a one-time cost, even as the company's revenue rose on year.

 

The company's net profit for the December quarter was INR 2.35 billion, up over 9% on year, the lowest year-on-year growth in a quarter since the company was demerged from ITC Ltd. on Jan. 1, 2025, and listed on the stock exchanges on Jan. 29. Analysts had expected the net profit to be in the range of INR 2.72 billion-INR 2.95 billion. ITC Hotels said the profit was lowered by a one-time cost of INR 840 million. In the year-ago quarter, the net profit of ITC's hotels operation was INR 2.15 billion.

 

The revenue of ITC Hotels for the December quarter was INR 12.31 billion, up nearly 22% on year, compared with INR 10.15 billion a year ago. Analysts had expected the company to report a revenue in the range of INR 11.44 billion-INR 11.81 billion. This is the highest year-on-year growth in revenue recorded by ITC Hotels since being listed.

The company said its results for the December quarter and for the nine months ended Dec. 31 includes exceptional items relating to the new labour codes. These comprise an estimated one-time charge of INR 554 million towards recognition of past service costs related to gratuity and leave encashment. The company said it continues to monitor the finalisation of rules under the new codes and will account for any further impact if required.

The exceptional items also include an estimated net loss of INR 286 million due to inventory damage caused by Cyclone Ditwah in Sri Lanka, for which an insurance survey is currently underway.

 

The company reported consolidated earnings before interest, taxes, depreciation, and amortisation of INR 4.67 billion, up 23% on year. Its EBITDA margin for the quarter stood at 38%, expanding by 47 basis points on year.
 

For the nine months ending Dec. 31, ITC Hotels reported a consolidated net profit of INR 5.01 billion, up nearly 33% on year from INR 3.78 billion in the corresponding period in 2024. Its consolidated revenue for the nine-month period rose to INR 28.86 billion, up almost 16% from INR 24.99 billion a year ago.

The total expenses of ITC Hotels for the December quarter were INR 8.70 billion, up nearly 18% on year, led by higher employee benefit expenses and other costs. Total expenses were INR 7.40 billion in the year-ago quarter.

 

The company said revenue during the reporting quarter was driven by higher occupancy levels and improved average daily room rates across key markets. Its revenue per available room was up 12% at INR 11,400. Room occupancy for the December quarter rose to 75%. This metric stood at 73% a year ago. The rise in occupancy was driven by the corporate, wedding, meeting, incentives, conferences, and exhibitions segments.
 

Referring to its expansion plans, the company said India International Convention and Exhibition Centre Ltd. has allotted it a land parcel at Yashobhoomi, Dwarka, New Delhi, to develop and operate a premium five-star hotel. The land has been allotted on a 91-year lease. The new hotel will feature contemporary banqueting facilities and signature dining offerings. It is expected to be completed by 2030.

 

During the December quarter, ITC Hotels expanded its footprint with new openings in Bodh Gaya in Bihar, Rishikesh in Uttarakhand, Siliguri in West Bengal, Sirmaur in Himachal Pradesh, and Dungarpur and Jaipur in Rajasthan. In calendar year 2025, the company signed 28 hotels, adding 2,790 keys, a growth of 26% over 2024. The company mentioned in a presentation for investors that it crossed the mark of 150 operational hotels with over 14,000 keys during the December quarter.

 

ITC Hotels announced its earnings during market hours. The stock reacted negatively and ended 3.1% lower from Monday's close at INR 179.59 on the National Stock Exchange.  End

 

Edited by Rajeev Pai

 

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