ITC Hotels Q1 2026: Net Profit Surges 54% to ₹133 Crore, Revenue at ₹815 Crore
ITC Hotels, the entity formed after the demerger from the diversified conglomerate ITC Ltd., announced its financial results for the April-June quarter on Wednesday, July 16. This marks the company's third quarterly earnings release since the separation from its parent firm.
ITC Hotels reported a 54 per cent year-on-year increase in its net profit for the first quarter of FY26, with profit rising to ₹133 crore from ₹87 crore in the corresponding quarter of the previous year. The net profit is attributable to the company's owners.
Revenue from operations for the quarter reached ₹816 crore, marking a 15.5 per cent increase compared to ₹706 crore in the same quarter of the previous financial year.
The company's profit after tax (PAT) declined by 48 per cent on a sequential basis from the ₹257 crore recorded in Q4FY25. This drop is primarily due to a 23 per cent decrease in revenue from ITC Hotels during the current quarter, compared to ₹1,061 crore in the January–March period.
EBITDA for the quarter rose 19 per cent year-on-year to ₹246 crore, with margins improving by 87 basis points to 29.9 per cent, up from 29.03 per cent in the same period last year.
Revenue from the hotel segment came in at ₹801 crore, marking an increase from ₹690 crore in Q1FY25, but a decline compared to ₹1,043 crore recorded in Q4FY25.
The company’s real estate division reported no revenue. It mentioned that the Group is currently developing ultra-luxury branded residences in Colombo, Sri Lanka, and revenue from this segment will be recorded only after the projects are completed and sold.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.