Latest news with #ITCHotels'
Economic Times
17-07-2025
- Business
- Economic Times
ITC Hotels shares hit record high, rise over 3% after Q1 profit jumps 54% YoY
ITC Hotels shares surged over 3% to hit a record high of Rs 246 in Thursday's intraday trade on the BSE after the company posted a 54% year-on-year (YoY) rise in net profit for Q1FY26. Net profit attributable to the owners of the company stood at Rs 133 crore, up from Rs 87 crore in the same quarter last year. ADVERTISEMENT Revenue from operations for the quarter stood at Rs 816 crore, up 15.5% from Rs 706 crore in the corresponding quarter of the previous financial year. The company's profit after tax (PAT) fell 48% sequentially, compared to Rs 257 crore reported in Q4FY25. The decline in PAT is attributed to a 23% drop in ITC Hotels' revenue in the current quarter, down from Rs 1,061 crore in the January–March period. The year-on-year growth in PAT and revenue boosted investor sentiment, pushing the stock up nearly 4% to an intraday high of Rs 237 on ITC-promoted company incurred expenses of Rs 675 crore in Q1FY26, compared to Rs 596 crore in Q1FY25 and Rs 750 crore in Q4FY25. This reflects a 13% year-on-year increase and a 10% quarter-on-quarter decline. The expenses were primarily under the heads of consumption of food & beverages, employee benefits expense, and finance cost. Also Read: 9 undervalued mid-cap stocks with upside potential of up to 23% ADVERTISEMENT Revenue from the hotel business stood at Rs 801 crore, up from Rs 690 crore in Q1FY25, but down from Rs 1,043 crore in Q4FY25. ADVERTISEMENT The company's realty business did not report any revenue. It stated that the Group is constructing super-premium branded residences in Colombo, Sri Lanka, and revenue from this segment will be recognised upon completion and sale of the projects. Also Read: SBI, Federal Bank among 11 banks that saw NPA improvement in Q4 (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Reuters
16-07-2025
- Business
- Reuters
India's ITC Hotels posts 54% jump in first-quarter profit on strong room sales
July 16 (Reuters) - ITC Hotels ( opens new tab, one of India's leading hospitality chains, reported a 54% increase in first-quarter profit on Wednesday, driven by a strong increase in room sales. Consolidated net profit came in at 1.33 billion rupees ($15.5 million) in the quarter ended June 30, compared with 865.3 million rupees last year. Revenue from room sales, ITC Hotels' largest segment contributing 52% of total revenue in 2024, rose 16% in the first quarter, the company said. India's hospitality sector witnessed strong growth in 2024, fuelled by a surge in domestic travel and increased demand for wellness and experience-focussed stays, a trend that benefited players such as ITC Hotels. Travel retail market in India is projected to more than double, reaching $6.56 billion by 2030 from $2.47 billion in 2025, according to research firm Mordor Intelligence. ITC Hotels, the hospitality arm of ITC ( opens new tab, was spun off from its parent company on January 29, 2025. In the latest quarter, its revenue from operations grew 15.5% to 8.16 billion rupees. Founded in 1975, ITC Hotels competes with EIH ( opens new tab, the parent of Oberoi, and Indian Hotels ( opens new tab, which owns the Taj brand. Its portfolio spans luxury to mid-scale segments across six brands. ($1 = 85.9150 Indian rupees)
Time of India
16-07-2025
- Business
- Time of India
ITC Hotels report record Rs 860 revenue in Q1 FY 2026
NEW DELHI: Hospitality major ITC Hotels reported its highest ever quarterly profits and revenue in Q1 FY 2026, despite the travel disruption seen in May following the April 22 terror attack on Pahalgam. The company's consolidated revenue rose 20% to Rs 860 crore and the profit increased 53% to Rs 134 crore. ITC Hotels' scrip closed 4.5% up at Rs 238.50 on BSE Wednesday when the broader market was up 0.08%. In a statement, the company said its portfolio has expanded to over 200 hotels, with 143 operational and 58 in pipeline. Fifty-five 55 signings and 25 hotel openings (happened) in the last 24 months. 'While the geopolitical developments in May 2025 had temporarily affected business in certain locations, the hospitality sector bounced back progressively thereafter…. The company is among the fastest growing hospitality chains in the country with over 13,400 rooms under six brands (from luxury to heritage segments)… 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 said in a statement. 'The company is targeting to reach 220 operational hotels and over 20,000 keys by 2030… 'Asset right' strategy envisages driving accelerated capital-efficient growth by focusing on strong partnerships with asset owners, leveraging brand credentials and providing operational expertise. The company's presence has expanded to Tier 2 and 3 cities, where demand for premium hospitality is rapidly increasing,' it added. ITC Hotels has a pipeline of 58 hotels with over 5,300 keys. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
16-07-2025
- Business
- Time of India
ITC Hotels shares rally up to 7% after Q1 PAT jumps 54% YoY to Rs 133 crore
ITC Hotels' shares surged up to 7% after Q1FY26 net profit rose 54% YoY to Rs 133 crore. Revenue grew 15.5% YoY to Rs 816 crore. However, profit dropped 48% QoQ due to lower sequential revenue. Expenses rose YoY but fell QoQ. The Realty business reported no revenue this quarter. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The shares of ITC Hotels have rallied up to 7% to day's high of Rs 244.50 on BSE after the Q1 PAT jumped by 54% on a year-on-year basis to Rs 133 crore from Rs 87 crore in the same period last revenue from operations for the said quarter stood at Rs 816 crore, up 15.5% from Rs 706 crore in the corresponding quarter of the previous financial ITC-promoted company's profit after tax (PAT) fell 48% sequentially, compared to Rs 257 crore reported in Q4FY25 and the decline is attributed to a 23% drop in ITC Hotels' revenue in the current quarter, down from Rs 1,061 crore in the January–March year-on-year growth in PAT and revenue boosted investor sentiment, pushing the stock up nearly 4% to an intraday high of Rs 237 on Hotels incurred expenses of Rs 675 crore in Q1FY26, compared to Rs 596 crore in Q1FY25 and Rs 750 crore in Q4FY25 which reflects a 13% YoY increase and a 10% QoQ decline. The expenses were primarily under the heads of consumption of food & beverages, employee benefits expense, and finance from the hotel business stood at Rs 801 crore, up from Rs 690 crore in Q1FY25, but down from Rs 1,043 crore in company's realty business did not report any revenue. It stated that the Group is constructing super-premium branded residences in Colombo, Sri Lanka, and revenue from this segment will be recognised upon completion and sale of the projects.(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Economic Times
16-07-2025
- Business
- Economic Times
ITC Hotels shares rally up to 7% after Q1 PAT jumps 54% YoY to Rs 133 crore
The shares of ITC Hotels have rallied up to 7% to day's high of Rs 244.50 on BSE after the Q1 PAT jumped by 54% on a year-on-year basis to Rs 133 crore from Rs 87 crore in the same period last year. ADVERTISEMENT The revenue from operations for the said quarter stood at Rs 816 crore, up 15.5% from Rs 706 crore in the corresponding quarter of the previous financial year. The ITC-promoted company's profit after tax (PAT) fell 48% sequentially, compared to Rs 257 crore reported in Q4FY25 and the decline is attributed to a 23% drop in ITC Hotels' revenue in the current quarter, down from Rs 1,061 crore in the January–March period. The year-on-year growth in PAT and revenue boosted investor sentiment, pushing the stock up nearly 4% to an intraday high of Rs 237 on Hotels incurred expenses of Rs 675 crore in Q1FY26, compared to Rs 596 crore in Q1FY25 and Rs 750 crore in Q4FY25 which reflects a 13% YoY increase and a 10% QoQ decline. The expenses were primarily under the heads of consumption of food & beverages, employee benefits expense, and finance from the hotel business stood at Rs 801 crore, up from Rs 690 crore in Q1FY25, but down from Rs 1,043 crore in Q4FY25. ADVERTISEMENT The company's realty business did not report any revenue. It stated that the Group is constructing super-premium branded residences in Colombo, Sri Lanka, and revenue from this segment will be recognised upon completion and sale of the projects. (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
