Latest news with #ITCLimited
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Business Standard
a day ago
- Business
- Business Standard
ITC Hotels plans to expand portfolio to over 220 operating units by 2030
ITC Hotels Ltd is aiming at expanding its portfolio to over 220 operating units with more than 20,000 keys by 2030, its latest annual report said. According to the annual report for 2024-25, the company plans to accelerate its growth through management contracts and franchise arrangements. Approximately, 70 per cent of the keys are being operated under management contracts, including franchising, it said. Spun into a separate entity after the demerger from ITC Limited, the company owns brands like ITC Hotels, Mementos, WelcomHotel, Storii, Fortune and WelcomHeritage. "Having achieved considerable scale and market standing, the business pivoted into an asset right strategy to drive growth and reduce the capital intensity of operations," the company said. The focus was also on strong partnerships with asset owners, leveraging brand credentials and providing operational expertise, ITC Hotels said in the report. In the last two years, 30 hotels have been launched under the ITC Hotels brand portfolio, out of which 29 are managed and franchised properties in India and Nepal. The company has a robust pipeline of hotels with a high prominence of brownfield assets, which are likely to open in the next four years. Presently, the company is amongst the "fastest growing" hospitality chains in the country with more than 140 properties and over 13,300 rooms under its six brands, the report said. In 2024-25, the Indian hospitality industry sustained its strong growth momentum, which was driven by economic stability and robust domestic demand outpacing supply, aided by the government's thrust on improving infrastructure and connectivity in the country. With over two lakh keys across the country covering various segments, India still remains significantly underpenetrated in comparison to the global hospitality industry, the report said.
Business Standard
3 days ago
- Business
- Business Standard
ITC Hotels Q1 net profit rises 54% to ₹133 cr post demerger; revenue up 15%
Hospitality chain ITC Hotels, which recently demerged from consumer goods giant ITC Limited, reported a 54 per cent year-on-year rise in net profit to Rs 133 crore in the first quarter of financial year 2026. The company had reported a net profit of Rs 86.5 crore in the same period last year. Meanwhile, its revenue from operations grew 15 per cent to Rs 815.5 crore from Rs 706 crore in the corresponding period. The chain currently operates over 130 hotels, amounting to more than 13,000 keys across the country and in Sri Lanka. The company has focused on management and franchising contracts to add keys to its portfolio, with only 42 per cent of its current inventory owned by the group. The company has a pipeline of 50 hotels with over 4,500 keys, with a high salience of brownfield assets, aiming to reach a portfolio of 220 operational hotels with over 20,000 keys by 2030.
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Business Standard
3 days ago
- Business
- Business Standard
ITC Hotels jumps 6%, hits new high on strong Q1 nos; m-cap tops ₹50,000 cr
ITC Hotels share price today Shares of ITC Hotels rallied up to 6 per cent to hit a new high at ₹242.15 on the BSE in Wednesday's intra-day trade after the company reported strong earnings for the quarter ended June 2025 (Q1FY26). ITC Hotels, which recently was demerged from ITC Limited, began trading in the stock markets on January 29. The stock has bounced back 53 per cent from its 52-week low of ₹158 touched on February 25, 2025. A sharp rally in stock price has seen the market capitalisation of ITC Hotels touch ₹50,000 crore for the first-time ever today. At 02:27 PM; the company's market capitalisation stood at ₹50,011 crore, the BSE data shows. Indian Hotels Company tops the list of stocks in the hotel sector with a market capitalisation of ₹1.07 trillion. The average trading volumes on the counter jumped over three-fold, with a combined 14.73 million shares changing hands on the NSE and BSE. ITC Hotels today reported a healthy 53.4 per cent year-on-year (YoY) rise in consolidated net profit at ₹133.71 crore in the first quarter of financial year 2025-26 (Q1FY26). The company had posted a net profit of ₹87.16 crore in the same period last year. Its revenue from operations rose 15.5 per cent to ₹815.54 crore from ₹705.84 crore a year ago. Profit before interest, depreciation and tax (PBIDT) rose 33 per cent year-on-year to ₹296.95 crore from ₹223.18 crore. Meanwhile, ITC Hotel's presence has expanded to Tier 2 and 3 cities, where demand for premium hospitality is rapidly increasing. The business continues to witness growing interest amongst property owners to partner with its iconic brands resulting in healthy generation of leads and pipeline of management contracts. The company has a robust pipeline of 50 hotels with over 4,500 keys with high salience of brownfield assets and targets a portfolio of 220 operational hotels with over 20,000 keys by 2030. Industry/Company outlook The Indian hospitality sector has started FY2026 on a strong footing, with Q1FY26 Revenue per Available Room (RevPARs) seeing double-digit growth despite the Indo-Pak conflict impacting demand for some days in May 2025. The outlook for Q2FY26 remains positive, supported by a lineup of events and seasonal demand drivers across India. A cluster of long weekends in August (Raksha Bandhan, Independence Day, Janmashtami, and Ganesh Chaturthi) is likely to support leisure travel across leisure destinations, analysts at Elara Capital said in the quarterly preview. ICICI Securities view on ITC Hotels ITC Hotels has a debt free balance sheet with cash reserves of ₹1,750 crore. With efficient capital allocation, investing 8-10 per cent of revenues (₹350- 450crore) for capex on renovation/on-going projects, the cash flow generation is expected to be strong in the coming years. The company can utilise it for inorganic initiatives and reward shareholders with good dividend payout in the coming years. ITC Hotels derives ~40 per cent of its revenues from F&B business, highest amongst the listed peers with F&B revenue contribution of 13- 35 per cent. ITC hotels F&B business revenues grew at a CAGR of 13 per cent over FY23-25 to ₹1,410.30 crore. With higher room demand, increasing footfalls in the restaurants and higher demand from conferences/events the F&B business revenues to grow at a CAGR of 19 per cent over the next three years, the brokerage firm said. Strong portfolio brands, sturdy balance sheet and efficient capital allocation makes ITC Hotels a formidable play in the hospitality space. ICICI Securities expects its revenues/EBIDTA/PAT to grow at CAGR of 15 per cent/19 per cent/29 per cent over FY25-28E. The brokerage firm has a Buy rating on the stock with a price target of ₹261 (valued at 30x FY27E EV/EBIDTA).
The Print
08-07-2025
- Business
- The Print
ITC to scale up value-added agri products portfolio: Annual report
The company plans to straddle across multiple value chains comprising spices, coffee, frozen marine products and processed food. In the annual report for 2024-25, the Kolkata-headquartered company said the scope and operations of its agri-business have grown manifold over the years and currently encompasses over 3.5 million tonnes of annual throughput in 22 states. Kolkata, Jul 8 (PTI) Diversified conglomerate ITC Limited said that the strategic focus of its agriculture business continues to be on accelerating growth by scaling up its value-added agri-products portfolio. Segment revenue of ITC's agri business increased 25 per cent year-on-year to Rs 19,753 crore in 2024-25. The company consolidated its position as a preferred supply chain partner to buyers in spices like chilli, cumin, turmeric and coriander, according to the annual report. The business continues to scale up its organic and integrated crop management programmes, expanding organic cultivation across multiple states to meet the growing demand, it said. The company said the business strengthened its footprint across key international markets, particularly in Europe and the Middle East. ITC continues to be one of the leading exporters of value-added frozen marine products, it said in the annual report. During the year, international coffee prices surged primarily due to lower supply in global markets by major producing countries like Brazil and Vietnam. However, Indian coffee exports witnessed robust growth, and the company leveraged its strategic sourcing in major coffee-growing regions of the country, it said. In the shrimp segment, the industry faced a challenging environment marked by volatile farm gate prices and supply chain headwinds. The company expanded its reach through market development in countries like Greece, Israel and Malaysia, it said. PTI dc BDC This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
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Business Standard
08-07-2025
- Business
- Business Standard
ITC to boost growth by scaling up value-added agri products portfolio
Diversified conglomerate ITC Limited said that the strategic focus of its agriculture business continues to be on accelerating growth by scaling up its value-added agri-products portfolio. In the annual report for 2024-25, the Kolkata-headquartered company said the scope and operations of its agri-business have grown manifold over the years and currently encompasses over 3.5 million tonnes of annual throughput in 22 states. The company plans to straddle across multiple value chains comprising spices, coffee, frozen marine products and processed food. Segment revenue of ITC's agri business increased 25 per cent year-on-year to Rs 19,753 crore in 2024-25. The company consolidated its position as a preferred supply chain partner to buyers in spices like chilli, cumin, turmeric and coriander, according to the annual report. The business continues to scale up its organic and integrated crop management programmes, expanding organic cultivation across multiple states to meet the growing demand, it said. The company said the business strengthened its footprint across key international markets, particularly in Europe and the Middle East. ITC continues to be one of the leading exporters of value-added frozen marine products, it said in the annual report. During the year, international coffee prices surged primarily due to lower supply in global markets by major producing countries like Brazil and Vietnam. However, Indian coffee exports witnessed robust growth, and the company leveraged its strategic sourcing in major coffee-growing regions of the country, it said. In the shrimp segment, the industry faced a challenging environment marked by volatile farm gate prices and supply chain headwinds. The company expanded its reach through market development in countries like Greece, Israel and Malaysia, it said.
