ITC Hotels Ltd

ITC Hotels Ltd has announced that its Board of Directors will convene on October 26, 2026. The primary agenda item is to consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter and six months ended September 30, 2026. The meeting will also review segment-wise revenue, results, assets, and liabilities, along with the Balance Sheet and Statement of Cash Flows for the specified periods.

ITC Hotels Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure will be effective from October 1st, 2026, and will remain in place until 48 hours after the announcement of the company's unaudited financial results for the quarter and six months ending September 30th, 2026. This measure is in accordance with the company's Code of Conduct for Prevention of Insider Trading.

ITC Hotels Limited has acquired 100% of the share capital of GHK Hospitality & Infrastructures Limited ('GHK') for a cash consideration based on an enterprise value of ₹155 crores. This acquisition, effective September 1, 2026, makes GHK a wholly owned subsidiary. GHK owns the 'Welcomhotel Ahmedabad' with 130 keys. The acquisition aims to expand ITC Hotels' owned asset portfolio in Ahmedabad across all market segments, capitalizing on the city's demand. The transaction was completed on September 1, 2026, with confirmation received on the same day. No governmental or regulatory approvals were required.

At the 3rd Annual General Meeting of ITC Hotels Ltd., Chairman Shri Sanjiv Puri celebrated the company's 50th anniversary, emphasizing its 'Responsible Luxury' philosophy and its role in shaping iconic hospitality. He highlighted India's burgeoning tourism sector, driven by infrastructure development, a young population, and a surge in domestic tourism (over 4 billion visits). The Chairman outlined key growth drivers like 'Wed In India', 'Soul Trails', 'Heal in India', and the 'Eventscape economy'. For the year under review, ITC Hotels reported a 19% growth in Total Income to over ₹34,331 crore and a 29% increase in PAT. The company continues to expand its 'Asset-Right' strategy, with a pipeline of 78 hotels and over 8,000 keys, aiming for 250 hotels and over 22,000 keys in five years. ITC Hotels also boasts the world's largest portfolio of LEED® Platinum-certified hotels and has received numerous sustainability and hospitality awards.

ITC Hotels Ltd announced the appointment of Mr. Ramakrishnan Chander as a Non-Executive Director, effective August 6, 2026, for a term of three years. The appointment was approved by the company's members at the 3rd Annual General Meeting. Mr. Chander, aged 58, is the Managing Director of LIC and brings over 35 years of experience in marketing, administration, and investment management. He holds directorships in other LIC-affiliated entities. The company confirmed he has not been debarred from holding a director's office.

ITC Hotels Limited has signed a definitive agreement to acquire a 100% stake in GHK Hospitality and Infrastructures Ltd (GHK), which owns Welcomhotel Ahmedabad. The transaction is valued at an Enterprise Value of ₹155 crores on a debt-free, cash-free basis. The 130-key hotel is located in Ahmedabad's commercial hub and is currently operated by ITC Hotels under an operating services agreement. This acquisition is expected to be EPS accretive in the first full year post-completion and strengthens ITC Hotels' owned asset portfolio in Ahmedabad. The deal is anticipated to close within the current quarter, reducing time-to-market compared to a greenfield investment.

ITC Hotels Ltd announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved the standalone and consolidated financial results, along with segment-wise revenue and results. The company also noted the Limited Review Reports from its statutory auditors, S. R. Batliboi & Co. LLP. The Board meeting took place on July 16, 2026.

ITC Hotels Ltd has executed a Share Purchase and Share Subscription Agreement to acquire 100% of the share capital of GHK Hospitality & Infrastructures Limited for an enterprise value of ₹155 crores on a cash-free, debt-free basis. The acquisition, approved by the Board of Directors on July 16, 2026, aims to expand ITC Hotels' owned asset portfolio in Ahmedabad by acquiring the 'Welcomhotel Ahmedabad' with 130 keys. This strategic move is expected to be value-accretive, capitalizing on Ahmedabad's diversified demand. The transaction is anticipated to be completed within Q2 FY'27 and involves cash consideration.

ITC Hotels opened FY27 with consolidated net profit of ₹181.91 Cr for the June quarter, up ~36% year-on-year from ₹133.71 Cr, on revenue from operations of ₹936.02 Cr (+14.8% YoY). Profit grew more than twice as fast as the topline, lifting net margin to ~19.4% from 15.6% a year ago — a clean expansion with no exceptional items on either side of the comparison, so the reported growth is also the adjusted growth. The sequential optics are the opposite (revenue -25% and PAT -43% versus the ₹1,253.7 Cr / ₹317.4 Cr March quarter), but that is textbook hotel seasonality — Q1 (Apr–Jun) is the weak leg against the Q4 peak — and should not be read as a slowdown; the YoY line is the signal. The margin bridge sits on operations and mix, not one-offs. The Hotels segment result rose to ₹176.54 Cr from ₹143.69 Cr (+23% YoY) on revenue of ₹881.06 Cr, and the newly renamed Branded Residences segment swung to a ₹13.22 Cr profit from a ₹0.30 Cr loss a year ago on ₹37.77 Cr of revenue — the incremental high-margin residences income is a real contributor to the print. Standalone told a directionally similar but milder story: PAT ₹177.01 Cr (+18% YoY) on revenue ₹808.39 Cr (+8.7%), margins helped by a step-up in other income to ₹50.77 Cr. The consolidated-vs-standalone growth gap (~36% vs ~18%) is wide and worth flagging — it is driven by the group's subsidiaries/associates and the residences business, not by a difference in the core hotel performance. On expectations, there is no clean published per-quarter consensus specific to ITC Hotels; brokerages carry a ~₹190–229 target band (consensus ~₹208) and pencil in ~12–18% FY27 earnings growth, a pace this quarter's YoY comfortably exceeds, though a single quarter is not the year. Management gives no formal quarterly financial guidance — its stated outlook is structural (220+ operational hotels and 20,000+ keys by 2030, a 67% managed mix, and ~2.5x management-fee growth by FY30), so this print cannot be scored 'beat/met/missed' against it; it is simply consistent with an asset-light, margin-accretive trajectory. The quarter also folded in the ₹205 Cr Zuri (KLRPL) acquisition, consolidated from 19 May — two subsidiaries collectively booked a ₹16.55 Cr after-tax loss in the period, so the group PAT was achieved despite that drag, and a full-quarter Zuri contribution is still ahead. One below-the-line caveat: a ₹-210 Cr reclassifiable OCI charge (largely FX translation on the overseas subsidiary) dragged total comprehensive income to ₹-28.49 Cr — it does not touch net profit but explains why the comprehensive-income line looks jarring next to a strong PAT.

ITC Hotels Limited has issued a notice for its 3rd Annual General Meeting (AGM) scheduled for Thursday, August 6, 2026. The company also released its Report and Accounts for the financial year ended March 31, 2026. Key financial highlights for FY26 include Total Income of ₹4,331 Cr, Revenue from Operations at ₹4,139 Cr, Profit Before Tax of ₹1,203 Cr, and Profit After Tax of ₹821 Cr. The company boasts 12 LEED® Platinum® hotels and 63 LEED® Zero Water hotels, underscoring its commitment to sustainability. With over 150 operational hotels and 14,200+ keys, ITC Hotels continues to expand its 'Responsible Luxury' portfolio.