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ITC Hotels Q3 FY26: Record Revenue of ₹1,231 Cr, PAT Surges 42% YoY
ITC Hotels reported its highest-ever Q3 revenue and profits, with consolidated revenue growing 21% YoY to ₹1,231 crore. Net profit (PAT before exceptional items) saw a significant jump of 42% to ₹307 crore, driven by strong demand in the luxury, wedding, and MICE segments. The company's RevPAR grew by 13%, maintaining a substantial 48% premium over the industry average. Expansion remains aggressive, with the portfolio crossing 150 operational hotels and the Colombo project turning EBITDA positive.
Key Highlights
Consolidated Revenue from Operations rose 21% YoY to ₹1,231 crore, while EBITDA increased 23% to ₹467 crore.
PAT (before exceptional items) surged 42% YoY to ₹307 crore with a consolidated EBITDA margin of 38%.
RevPAR grew by 13% driven by a 9% increase in ADR and 290 bps expansion in occupancy.
Portfolio reached a milestone of 150+ operational hotels with 14,000+ keys; 28 new hotels signed in CY2025.
ITC Ratnadipa (Colombo) turned EBITDA positive on a YTD basis and commenced apartment handovers at Sapphire Residences.
💼 Action for Investors
The strong margin expansion and significant RevPAR premium over the industry indicate high brand equity and operational efficiency. Investors should maintain a positive outlook given the robust pipeline of 28 new signings and the strategic 'Asset-Right' expansion into Tier-II and Tier-III cities.
ITC Hotels Q3 Net Profit Grows 9.6% to ₹236.8 Cr; Revenue Up 21% YoY
ITC Hotels reported a strong performance for Q3 FY26, with consolidated revenue from operations growing 21.2% year-on-year to ₹1,230.68 crore. Consolidated net profit increased by 9.6% to ₹236.83 crore, even after accounting for a significant exceptional loss of ₹84 crore. This exceptional charge includes a ₹55.42 crore provision for new labour codes and a ₹28.58 crore inventory loss caused by Cyclone Ditwah in Sri Lanka. The core hospitality segment continues to lead growth, while the real estate segment contributed ₹81.51 crore to the top line.
Key Highlights
Consolidated Revenue from Operations increased 21.2% YoY to ₹1,230.68 crore in Q3 FY26.
Consolidated Net Profit rose to ₹236.83 crore from ₹216.00 crore in the previous year's corresponding quarter.
Hotel segment revenue grew to ₹1,132.51 crore, up from ₹995.49 crore in Q3 FY25.
Exceptional items totaling ₹84 crore impacted the bottom line, including labor code provisions and cyclone-related losses.
Standalone EPS for the quarter stood at ₹1.18, reflecting steady operational efficiency post-demerger.
💼 Action for Investors
Investors should view the results positively as the core hospitality business shows robust double-digit growth despite one-off exceptional costs. Monitor the progress of the real estate segment and the finalization of labor code rules for any further financial adjustments.
ITC Hotels Bags Land Lease at Yashobhoomi, Delhi for ₹326.5 Cr to Build 5-Star Hotel
ITC Hotels Limited has secured a 91-year lease for land at Yashobhoomi, Dwarka, New Delhi, from the India International Convention and Exhibition Centre Limited (IICC). The company will pay a lease premium of ₹326.50 crores for the site, which has a permissible Floor Area Ratio (FAR) of approximately 26,179 square meters. The land is earmarked for the development of a premium 5-star hotel featuring signature cuisine and extensive banqueting facilities. This move strategically positions ITC Hotels to capture the growing MICE (Meetings, Incentives, Conferences, and Exhibitions) demand at India's largest convention hub.
Key Highlights
Allotment of land at Yashobhoomi, Dwarka, on a long-term lease of approximately 91 years.
Total lease premium consideration of ₹326.50 crores to be paid to IICC.
Permissible FAR of ~26,179 square meters on a ground coverage of ~3,648 square meters.
Project involves the development and operation of a premium 5-star hotel with signature dining.
Strengthens Delhi NCR footprint where ITC already operates 10 properties with 1,599 keys.
💼 Action for Investors
Investors should look favorably on this strategic expansion into a high-traffic MICE destination, which promises long-term revenue visibility. Monitor the company's upcoming capital expenditure plans for the construction phase of this project.
ITC Hotels Shareholders Approve Employee Stock Appreciation Rights Scheme with 99.8% Majority
ITC Hotels Limited has announced the successful passage of two special resolutions via postal ballot to implement an Employee Stock Appreciation Rights (ESAR) Scheme. The resolutions, covering employees of both the company and its subsidiaries, received overwhelming support with over 99.8% of votes cast in favour. Approximately 83.56% of the total shareholding participated in the voting process, reflecting strong shareholder engagement. This move is aimed at aligning employee interests with long-term shareholder value and enhancing talent retention.
Key Highlights
Special resolution for ESAR Scheme for company employees passed with 99.86% majority in favour.
Resolution for ESAR Scheme for subsidiary employees passed with 99.91% majority in favour.
Total voter turnout was 83.56%, representing 174.04 crore shares out of 208.27 crore total shares.
Institutional investors showed high participation at 97.01% with near-unanimous support for the scheme.
Promoter group holding 83 crore shares voted 100% in favour of both resolutions.
💼 Action for Investors
Investors should view this as a positive step for long-term talent retention and organizational stability. While ESARs lead to minor equity dilution, the alignment of employee incentives with stock performance is generally beneficial for shareholders.