The hotel operator reported a 35.5% year-on-year increase in net profit to ₹180 crore, compared with ₹133 crore in the corresponding quarter last year. Revenue rose 14.8% to ₹936 crore from ₹815.5 crore, reflecting continued momentum in room demand and hospitality services.
Operating performance also improved during the quarter. EBITDA increased 19.6% year-on-year to ₹292.3 crore from ₹244.5 crore, while the EBITDA margin expanded to 31.2% from 30% a year ago.
On a sequential basis, however, earnings moderated following a seasonally stronger March quarter. Net profit declined 43%, revenue fell 25.3%, while EBITDA dropped 37.3%. The EBITDA margin narrowed to 31.2% from 37.2% in the preceding quarter.
Following the earnings announcement, shares of ITC Hotels were trading 5.14% lower at ₹174.05 on the NSE as of 2:44 pm.
Separately, the company announced that it has executed a Share Purchase and Share Subscription Agreement to acquire 100% of the equity share capital of GHK Hospitality & Infrastructures Ltd. The acquisition values the company at an enterprise value of ₹155 crore on a cash-free, debt-free basis, subject to customary adjustments, and is expected to be completed during the second quarter of FY27.
The transaction will be executed through a combination of primary subscription and secondary purchase of equity shares. Incorporated in May 2007, GHK Hospitality reported revenue of ₹35.16 crore in FY26, compared with ₹31.23 crore in FY25 and ₹25.62 crore in FY24, indicating steady business growth over the past three years.
The acquisition is expected to strengthen ITC Hotels’ portfolio as the company continues to expand its footprint in India’s growing hospitality sector through a mix of organic growth and strategic acquisitions.
ITC Hotels owns, manages and operates a portfolio of luxury, premium and mid-market hotels across India under brands including ITC Hotels, Welcomhotel, Fortune Hotels and WelcomHeritage.
