ITC Hotels Limited (NSE:ITCHOTELS) disclosed its unaudited financial results for the quarter ended 30th June 2026 following a Board of Directors meeting held on 16th July 2026. The board approved both standalone and consolidated results under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On a standalone basis, the company reported a net profit of Rs 177.01 crore for Q1 FY27, compared with Rs 149.73 crore in the corresponding quarter of the previous year.
Key Highlights
- Standalone revenue from operations rose to Rs 808.39 crore in Q1 FY27, up from Rs 743.59 crore in Q1 FY26, representing year-on-year growth of approximately 8.7 per cent.
- Standalone profit before tax stood at Rs 237.33 crore for the quarter ended 30th June 2026, compared with Rs 200.75 crore in the same period last year.
- Consolidated revenue from operations for Q1 FY27 reached Rs 936.02 crore, up from Rs 815.54 crore in Q1 FY26, reflecting growth of approximately 14.8 per cent year-on-year.
- Consolidated profit attributable to owners of the parent was Rs 180.25 crore in Q1 FY27, against Rs 133.10 crore in Q1 FY26, a year-on-year increase of approximately 35.4 per cent.
- On 19th May 2026, the company acquired the entire share capital of Kerala Luxury Resorts Private Limited, formerly known as Zuri Hotels and Resorts Private Limited, which became a wholly owned subsidiary from that date.
- The 'Real Estate' segment was renamed 'Branded Residences' during the quarter to better reflect the nature of its operations, with no change in segment composition, results, assets, or liabilities.
- Statutory auditors S. R. Batliboi and Co. LLP issued an unmodified conclusion on both standalone and consolidated results following their limited review.
About the Company
ITC Hotels Limited is a hospitality company headquartered at Virginia House, 37 Jawaharlal Nehru Road, Kolkata 700 071. It is listed on the National Stock Exchange of India under the ticker ITCHOTELS and operates exclusively in the hotel services segment. The company's portfolio spans luxury, upper-upscale, and mid-scale hotel properties across India. Following its demerger from ITC Limited, ITC Hotels was listed as an independent entity. The company's CIN is L55101WB2023PLC263914 and its investor services are accessible through its official website at www.itchotels.com.
Announcement in Detail
The Board of Directors of ITC Hotels Limited met on 16th July 2026, commencing at 1:20 p.m. and concluding at 1:55 p.m. At the meeting, the board approved unaudited standalone and consolidated financial results for the quarter ended 30th June 2026, along with unaudited segment-wise revenue, results, assets, and liabilities on a consolidated basis. The results were filed with both the National Stock Exchange of India and BSE Limited in compliance with Regulation 33 of the SEBI LODR Regulations, 2015. Statutory auditors S. R. Batliboi and Co. LLP, Chartered Accountants based in Gurugram, conducted the limited review and issued an unmodified conclusion.
On a standalone basis, total income for Q1 FY27 was Rs 859.16 crore, against Rs 782.52 crore in Q1 FY26. Total expenses were Rs 621.83 crore, with employee benefits at Rs 173.69 crore, depreciation at Rs 73.30 crore, and other expenses at Rs 294.26 crore. The standalone basic and diluted earnings per share for the quarter stood at Rs 0.85, compared with Rs 0.72 in the same quarter last year. Paid-up equity share capital as of 30th June 2026 was Rs 208.30 crore, comprising equity shares of Rs 1 each.
On a consolidated basis, total income for Q1 FY27 was Rs 994.54 crore versus Rs 859.72 crore in Q1 FY26. The Hotels segment contributed Rs 881.06 crore to gross segment revenue, while the newly reported Branded Residences segment contributed Rs 37.77 crore. The Hotels segment result was Rs 176.54 crore for the quarter. Total consolidated assets stood at Rs 13,527.41 crore as of 30th June 2026. The group's consolidated results include KLRPL from 19th May 2026, and as a result, prior period figures are not directly comparable. Fair values of KLRPL's assets and liabilities have been provisionally determined under Ind AS 103 on Business Combinations.
Impact on Investors
Investors will note that standalone net profit grew to Rs 177.01 crore in Q1 FY27 from Rs 149.73 crore in Q1 FY26, representing a year-on-year increase of approximately 18.2 per cent. The filing shows that consolidated profit attributable to owners of the parent improved to Rs 180.25 crore from Rs 133.10 crore, a rise of approximately 35.4 per cent. Shareholders will observe that basic and diluted earnings per share on a standalone basis improved to Rs 0.85 from Rs 0.72 over the same period. The statutory auditors issued an unmodified limited review conclusion on both sets of results, indicating no material exceptions were raised.
The disclosed terms indicate that the acquisition of Kerala Luxury Resorts Private Limited has been consolidated from 19th May 2026, and fair values of acquired assets and liabilities are provisional at this stage. Investors will note that because of this, consolidated results for Q1 FY27 are not directly comparable with the corresponding period of the prior year. The Branded Residences segment, previously reported as Real Estate, recorded a segment result of Rs 13.22 crore in Q1 FY27 compared with a loss of Rs 0.30 crore in Q1 FY26, though this change in nomenclature does not alter the underlying composition of the segment.
Sector / Market Context
India's hospitality sector has been on a sustained recovery path following the disruptions of the pandemic years. The Ministry of Tourism's data has highlighted growth in both domestic and inbound tourist arrivals. Hotel companies listed on Indian exchanges have reported improved revenue per available room across segments, driven by higher occupancies and average room rates. ITC Hotels operates in a competitive space that includes large listed peers such as Indian Hotels Company, EIH Limited, and Lemon Tree Hotels, all of which have reported improved metrics over recent quarters.
The branded residences segment, which combines hospitality with real estate development, has seen increased traction in India, with several hotel groups integrating such offerings into their portfolios. The Confederation of Indian Industry and the Hotel Association of India have both noted that premium and luxury hospitality demand in India continues to grow, supported by corporate travel and domestic leisure spending. The KLRPL acquisition reflects a broader trend of consolidation among mid and luxury hotel operators seeking to expand geographic presence.