ITC Hotels Q2 net profit rises 52% to Rs 203 crore, revenue up 26%
ITC Hotels Ltd reported a 52% jump in consolidated net profit to Rs 203 crore for the second quarter ended September 30, 2026, up from Rs 133 crore in the year-ago period.
Consolidated revenue from operations rose 26% year-on-year to Rs 1,054 crore, up from Rs 839 crore a year ago, supported by growth across Rooms, Food & Beverage and Management Fees. Total income crossed Rs 1,106 crore, up 25% YoY, the company said in a regulatory filing on October 26.
EBITDA increased 37% YoY to Rs 337 crore from Rs 246 crore, while EBITDA margin improved to 32% from 29% a year ago.
Room revenue grew 22% YoY, driven by growth in both rates and volumes. Occupancy at consolidated owned hotels rose 481 basis points to 76% on a same-store basis, and Average Daily Rates (ADRs) grew 14%, resulting in Revenue per Available Room (RevPAR) growth of 21% YoY. The company said it maintained a RevPAR premium of 44% over the industry.
“Performance was supported by healthy transient demand across key markets and buoyancy in MICE (Meetings, Incentives, Conferences and Exhibitions) business, aided by the BRICS Summit in New Delhi,” the company said.
Food & Beverage revenue grew 12% YoY led by specialty restaurants, lounges and bars and banqueting.
On a standalone basis, revenue from operations grew 16% to Rs 885 crore and net profit rose 37% to Rs 207 crore.
The Board also approved the incorporation of a wholly-owned subsidiary in Dubai, UAE, to operate hotels and restaurants, subject to regulatory approvals, with an investment not exceeding Rs 20 crore.
During H1 FY27, the Group signed 20 hotels with over 1,600 keys, expanding its managed pipeline to 84 hotels with about 8,200 keys. It completed the acquisition of the 130-key Welcomhotel Ahmedabad and was allotted a 2.8-acre land parcel in Lucknow for a luxury hotel.
