ITC Hotels Q1 FY27: Growth holds up, margins expand, and asset-right scale accelerates

For the quarter ended 30 June 2026 (Q1 FY27), consolidated revenue from operations was INR 936 crore, EBITDA was INR 292 crore and profit after tax was INR 182 crore.

In Q1 FY27 (consolidated, excluding branded residences), revenue mix was Rooms 47.9 percent (INR 430 crore), Food and Beverage 40.2 percent (INR 361 crore), Management Fees 5.5 percent (INR 49 crore) and Others 6.4 percent (INR 57 crore).

For Q1 FY27 (consolidated excluding branded residences), ARR was INR 11,310, occupancy was 74 percent and RevPAR was INR 8,380. For standalone, ARR was INR 11,320, occupancy was 76 percent and RevPAR was INR 8,550.

The presentation states a target of 250 operational hotels and 22,000 plus operational keys by 2031, with owned and managed mix by keys shifting to 33 percent and 67 percent respectively.

The company completed acquisition of Kumarakom Resort, Kerala (72 keys) in Q1 FY27 and disclosed a planned acquisition of 100 percent stake in GHK, owner of Welcomhotel Ahmedabad (130 keys), with an enterprise value of INR 155 crore and expected completion within the current quarter.

It commissioned a 1.5 MWp captive solar plant at ITC Grand Bharat, taking installed renewable energy capacity to 52.4 MW. ITC Royal Bengal received LEED Zero Water certification and Welcomhotel Vadodara received LEED Platinum certification.