ITC Hotels Q1 results: Net profit surges 53% YoY to Rs 134 crore; revenue rises 15.5% YoY to Rs 816 crore
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The hotel arm of ITC said it is targeting to operate 220 hotels and over 20,000 rooms by 2030. It has already crossed the milestone of 200 hotels, with 143 operational and 58 in the pipeline, PTI reported.
Revenue from operations in Q1 rose 15.5% to Rs 815.54 crore from Rs 705.84 crore in the same quarter last year. Total expenses climbed to Rs 674.97 crore from Rs 596.41 crore.
"The average daily rate (ADRs) for the quarter grew by 9% and occupancy by 275 basis points, resulting in overall RevPAR growth of 13%."
the company said in a statement. Food and beverages revenue also rose 13%, driven by banqueting and outdoor catering.
During the quarter, ITC Hotels signed eight new properties with around 700 keys at locations including Bodhgaya, Goa, Lucknow, Mysore, and Vrindavan. It currently operates over 13,400 rooms under six brands—ITC Hotels, Mementos, Welcomhotel, Storii, Fortune, and WelcomHeritage.
The company said its pipeline includes 58 hotels with over 5,300 keys, with a high share of brownfield assets.
It acknowledged a temporary impact from geopolitical developments in May 2025, but noted that the sector 'bounced back progressively thereafter.'
On the outlook, ITC Hotels said, 'A favourable demographic profile, steady domestic demand and rising consumption levels augur well for the hospitality industry in India.'
It added that room demand is expected to outpace supply over the coming years, and government initiatives in infrastructure and tourism will continue supporting the sector's growth.
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