ITC Hotels Q1 Profit Up 54%
The Hotels business of ITC was demerged into ITC Hotels with effect from January 1, 2025. The equity shares of the company listed on the National Stock Exchange (NSE) and BSE on January 29 this year.
In the preceding three months ended March 31, ITC Hotels had reported revenue from operations of ₹1,061 crore, and a profit of ₹258 crore. The April to June quarter is typically a leaner quarter for hotel chains.
The hospitality chain said during the quarter ended June 30, 2025, the board approved a capital expenditure of ₹328 crore for construction of a hotel in Visakhapatnam, Andhra Pradesh. During the quarter ended June, the company also signed 8 hotels with approximately 700 keys in aggregate at locations such as Bodhgaya, Dehradun, Goa, Lucknow, Manesar, Mysore, Ranthambore and Vrindavan.
On a standalone basis, ITC Hotels reported revenue from operations of ₹744 crore for the quarter ended June, up 15% year on year. The chain reported a standalone profit of ₹150 crore for the quarter ended June, up 47% year on year.
ITC Hotels said the average daily rates for the quarter grew by 9% and occupancy by 275 bps, resulting in overall revenue per available room growth of 13%.
'The company demonstrated its supremacy over the market and commanded a revenue per available room premium of 34% over the industry,' the company said in a statement.
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