ITC Hotels Limited (NSE:ITCHOTELS) disclosed its unaudited financial results for the quarter ended 30th June, 2026, via an exchange filing dated 16th July, 2026. The Board of Directors, at a meeting held on the same date, approved both standalone and consolidated financial results for Q1 FY27. On a standalone basis, the company reported a net profit of Rs 177.01 crore, up from Rs 149.73 crore in the corresponding quarter of the previous year, marking a year-on-year increase of approximately 18.2 per cent.
Key Highlights
- Standalone revenue from operations for Q1 FY27 stood at Rs 808.39 crore, compared to Rs 743.59 crore in Q1 FY26, reflecting year-on-year growth of approximately 8.7 per cent.
- Standalone profit before tax for the quarter was Rs 237.33 crore, up from Rs 200.75 crore in the corresponding quarter of the prior year, an increase of around 18.2 per cent.
- Consolidated revenue from operations reached Rs 936.02 crore in Q1 FY27, against Rs 815.54 crore in Q1 FY26, a year-on-year rise of approximately 14.8 per cent.
- Consolidated profit for the period attributable to owners of the parent was Rs 180.25 crore, compared to Rs 133.10 crore in Q1 FY26, representing growth of approximately 35.4 per cent year-on-year.
- On 19th May 2026, the company acquired the entire share capital of Kerala Luxury Resorts Private Limited (formerly Zuri Hotels and Resorts Private Limited), which became a wholly owned subsidiary from that date; its financials are included in consolidated results from 19th May, 2026.
- Standalone basic and diluted earnings per share for Q1 FY27 were Rs 0.85, compared to Rs 0.72 in Q1 FY26; consolidated basic and diluted EPS stood at Rs 0.87 versus Rs 0.64 in the year-ago period.
- The statutory auditors, Messrs. S. R. Batliboi and Co. LLP, issued an unmodified conclusion on both standalone and consolidated limited review reports for the quarter.
About the Company
ITC Hotels Limited (NSE:ITCHOTELS) is an Indian hospitality company headquartered at Virginia House, 37 Jawaharlal Nehru Road, Kolkata 700 071. The company operates solely in the Hotel Services segment, as disclosed in its exchange filings. Its portfolio spans luxury, premium, and mid-market hotel properties across India. The company was incorporated under CIN L55101WB2023PLC263914 and is listed on both the National Stock Exchange of India and BSE Limited. Its investor services are managed from its corporate office, with the official website at www.itchotels.com. The company operates in the hospitality and hotel services sector.
Announcement in Detail
The Board of Directors of ITC Hotels Limited convened a meeting on 16th July, 2026, which commenced at 1:20 p.m. and concluded at 1:55 p.m. At this meeting, the Board approved the unaudited standalone and consolidated financial results for the quarter ended 30th June, 2026, as well as the unaudited segment-wise revenue, results, assets and liabilities (consolidated) for the same period. The Audit Committee reviewed the results prior to Board approval. The results were filed with both NSE and BSE in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's Company Secretary, Diwaker Dinesh, signed the filing on behalf of ITC Hotels Limited.
On a standalone basis, total income for Q1 FY27 was Rs 859.16 crore, against Rs 782.52 crore in Q1 FY26. Total expenses stood at Rs 621.83 crore for the quarter. Employee benefits expense was Rs 173.69 crore, depreciation and amortisation Rs 73.30 crore, and other expenses Rs 294.26 crore. Profit before exceptional items and tax was Rs 237.33 crore. There were no exceptional items in the current quarter. Tax expense for the period amounted to Rs 60.32 crore. Paid-up equity share capital remained at Rs 208.30 crore, comprising equity shares of Rs 1 each. Other equity on a standalone basis stood at Rs 11,684.00 crore as at the period end.
On a consolidated basis, total income was Rs 994.54 crore for Q1 FY27, versus Rs 859.72 crore in Q1 FY26. A notable addition in the consolidated expenses this quarter was branded residences development cost of Rs 21.81 crore, which was nil in Q1 FY26. The share of profit of associates and joint ventures contributed Rs 3.66 crore. Profit before exceptional items and tax on a consolidated basis was Rs 248.20 crore. Other comprehensive income showed a significant negative movement of Rs 210.40 crore, primarily driven by items reclassifiable to profit or loss, resulting in total comprehensive income attributable to owners of the parent at a negative Rs 30.15 crore for the quarter. The acquisition of KLRPL has been accounted for under Ind AS 103 on Business Combinations, with fair values of assets and liabilities provisionally determined; KLRPL's financials are reflected in the Hotels segment from 19th May, 2026, and the filing notes that results for Q1 FY27 are not directly comparable with previous periods on this account.
Impact on Investors
Investors will note that standalone net profit grew approximately 18.2 per cent year-on-year to Rs 177.01 crore, while standalone revenue from operations expanded by approximately 8.7 per cent to Rs 808.39 crore. The consolidated profit attributable to owners of the parent rose approximately 35.4 per cent year-on-year to Rs 180.25 crore, reflecting the contribution of the newly acquired KLRPL subsidiary from 19th May, 2026. However, shareholders will observe that consolidated total comprehensive income attributable to owners of the parent was negative Rs 30.15 crore for the quarter, compared to a positive Rs 103.07 crore in Q1 FY26. This negative figure is driven primarily by the other comprehensive income line, specifically items that will be reclassified to profit or loss, amounting to a negative Rs 210.38 crore in the current quarter versus a negative Rs 29.18 crore in the corresponding prior-year period.
The filing shows that the acquisition of KLRPL introduces a comparability caveat, as the consolidated results for Q1 FY27 include KLRPL's performance from 19th May, 2026 onwards, and fair values of acquired assets and liabilities have been provisionally determined. Investors will also observe that the company operates in a single segment, Hotel Services, with no diversification across other business lines at the standalone level. The statutory auditors have issued an unmodified conclusion on both standalone and consolidated limited review reports, which investors may view as a procedural confirmation that the results are free from material qualification. No dividend has been announced in connection with this quarterly result.
Sector / Market Context
India's hospitality sector has seen sustained demand recovery over recent years, supported by growth in domestic leisure travel, business travel, and inbound tourism. According to data from the Ministry of Tourism, India has been focusing on expanding hotel infrastructure capacity, and various industry bodies such as the Hotel Association of India have highlighted occupancy improvements across key metro and leisure markets. The premium and luxury hotel segment, in which ITC Hotels operates, has generally benefited from rising average room rates as supply additions have been measured relative to demand growth in high-footfall cities.
The inclusion of branded residences as a separate cost line in consolidated results reflects a broader industry trend of hospitality companies diversifying into mixed-use developments combining hotel operations with residential components. This segment carries different revenue recognition and cost profiles compared to traditional hotel operations, which investors may find relevant when assessing consolidated margin trends for ITC Hotels going forward.