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Informist, Friday, May 15, 2026

 

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--ITC Hotels Jan-Mar consol net profit INR 3.16 bln vs INR 2.57 bln yr ago 
--ITC Hotels Jan-Mar consol revenue INR 12.54 bln vs INR 10.61 bln yr ago 
--ITC Hotels to pay INR 1 per share final dividend 
--ITC Hotels final dividend record date May 21 
--ITC Hotels FY26 consol net profit INR 8.17 bln vs INR 6.35 bln yr ago 
--ITC Hotels FY26 consol revenue INR 41.39 bln vs INR 35.60 bln yr ago 
--ITC Hotels buys Zuri Hotels and Resorts for enterprise value INR 2.05 bln
--ITC Hotels Jan-Mar consol EBITDA INR 4.66 bln, up 13% on year 
--ITC Hotels Jan-Mar consol EBITDA margin 37% vs 39% year ago 
--ITC Hotels expects to open over 22,000 keys by 2031, open 250 hotels 
--ITC Hotels Q4 revenue per available room at INR 11,700 vs INR 11,400 yr ago 
--ITC Hotels: Portfolio of 155 hotels as on Mar 31

 

By Shruti Nair

 

MUMBAI – ITC Hotels Ltd. reported a notable year-on-year jump in its consolidated net profit for the March quarter, marking a recovery from the slowdown in bottom-line growth seen in the trailing quarter. The company's top line also grew significantly on year. Both the net profit and revenue from operations grew for the fifth quarter in a row.

 

For the March quarter, the company reported a growth of over 23% on year in consolidated net profit to INR 3.16 billion. Sequentially, the net profit rose over 34%. The company's consolidated revenues rose over 18% on year to INR 12.54 billion. On a sequential basis, the top line rose nearly 2%.

 

The company's total income for the quarter grew nearly 19% on year to INR 13.06 billion. The other income rose over 38% on year to INR 527.50 million. The company's total expenses for Jan-Mar grew nearly 20% on year to INR 8.95 billion. In this, the employee benefit expenses rose over 11% on year to INR 2.03 billion. Other expenses, which constitute the largest share of the total expenses, grew over 8% on year to INR 4.02 billion.

 

For Jan–Mar, the hospitality company's earnings before interest, taxes, depreciation, and amortisation grew 13% on year to INR 4.66 billion. Its consolidated EBITDA margin for the March quarter fell to 37% from 39% in the year-ago quarter. The revenue per available room for the March quarter was INR 11,700, up from INR 11,400 in the year-ago period. As on Mar. 31, the company's hotel portfolio comprised 155 hotels.

 

For the financial year 2025–26 (Apr-Mar), on a consolidated basis, the company reported a net profit of INR 8.17 billion, up nearly 29% from FY25. The top line for FY26 was INR 41.39 billion, up 16.3%. The company declared a final dividend of INR 1 per share for FY26 with May 21 as the record date.

 

ITC Hotels will acquire Zuri Hotels & Resorts Pvt. Ltd. for an enterprise value of INR 2.05 billion, on a debt-free and cash-free basis. The acquisition is expected to be completed over the next few days and will enable ITC Hotels to expand its luxury portfolio, the company said in a press release. Further, the company expects to open 250 hotels by 2031. 

 

Friday, shares of the company closed at INR 155.48 on the National Stock Exchange, marginally up from Thursday.  End

 

Edited by Rajeev Pai

 

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