ITC Hotels FY26: Record revenue, steady margins, and an asset-right expansion plan

FY26 consolidated revenue from operations was 4,139 crore, EBITDA was 1,424 crore, and profit after tax before exceptional items was stated at 888 crore.

Q4 FY26 consolidated revenue from operations was 1,254 crore, EBITDA was 466 crore, and PAT before exceptional items was stated at 314 crore.

For FY26 consolidated ex-real estate, rooms were 50.5% (1,986 crore), F and B was 39.1% (1,535 crore), management fees were 6.0% (173 crore), and others were 4.4% (234 crore).

The presentation states the company aims to scale its operating portfolio to 250 hotels with 22,000+ keys by 2031.

The deck states FY26 signings were 33 hotels with 3,300+ keys. Managed hotels pipeline is 67 hotels with about 6,700 keys as of 31 March 2026.

The board recommended a dividend of 1 rupee per share for the financial year ended 31 March 2026.

The company highlights the West Asia conflict (intensity and duration), higher input costs (energy, food, fuel), rupee depreciation, and normalization of air traffic and inbound travel as key monitorables.