ITC Hotels' Q1 standalone revenue ₹808.39 cr, profit up 18%
Standalone net profit rises to ₹177.01 cr; consolidated profit jumps 36%. First quarter includes Kerala Luxury Resorts from 19 May 2026. Results in line, no surprises.
— 1 earlier story on ITC Hotels Ltd. →What's new
- Standalone net profit ₹177.01 cr, up 18% YoY
- Consolidated revenue ₹936.02 cr, profit ₹181.91 cr up 36%
- Kerala Luxury Resorts acquisition included from 19 May 2026
Why this matters
The first quarterly result post-demerger shows steady growth but no breakout. The 36% consolidated profit jump partly reflects the acquisition base effect. With no guidance change and a clean audit, the stock is left to trade on hotel industry momentum.
What we're watching
- Occupancy and ARR trends for the July-Sept quarter
- Margin trajectory as the Kerala resorts integrate fully
- Any update on the parent ITC's hospitality expansion plan
The full read
ITC Hotels' first quarter as an independent listed entity delivered moderate growth. Standalone revenue was ₹808.39 crore, and standalone net profit rose 18% to ₹177.01 crore. Consolidated figures were stronger, with net profit jumping 36% to ₹181.91 crore, though the base was boosted by the Kerala Luxury Resorts acquisition effective 19 May 2026. The auditor gave a clean chit—no surprises there. The trailing P/E of 44x and ROE of 6% suggest the market already prices in steady recovery. What this quarter doesn't provide is a catalyst: no guidance revision, no margin step-change, no new strategy. For now, the story is occupancy, ARR, and the absorption of the Kerala assets. That's a routine read, not a rerating trigger.
Questions answered
- What were ITC Hotels' standalone revenue and profit for the quarter?
- Standalone revenue from operations was ₹808.39 crore, up from ₹743.59 crore a year ago. Standalone net profit was ₹177.01 crore, an 18% increase.
- How much did consolidated profit grow?
- Consolidated net profit grew 36% to ₹181.91 crore, partly aided by the Kerala Luxury Resorts acquisition from 19 May 2026.
- Did the auditors raise any concerns?
- No. Statutory auditors S.R. Batliboi & Co. LLP issued an unmodified (clean) opinion on both standalone and consolidated financials.
- What is the market cap and valuation of ITC Hotels?
- ITC Hotels has a market cap of ₹36,171 crore and trades at a trailing P/E of 44.3x, with zero debt and an ROE of 6.0%.
- Is the Kerala Luxury Resorts acquisition fully reflected in this quarter?
- The results include the acquired entity only from 19 May 2026, so this quarter captures less than half of its contribution. A full-quarter impact will be seen from Q2.
ITC Hotels Ltd.
Latest quarter · Jun 2026
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All notes on ITCHOTELS →- 16 Jul 2026 · 2:03 PM IST ITC Hotels' Q1 standalone revenue ₹808.39 cr, profit up 18%
- 12d ago ITC Hotels converts managed hotel to owned in ₹155 cr deal