In the first quarter of the 2026 financial year, ITC Hotels has recorded more revenue and profit than ever before. The company's total revenue increased by 20 percent to 860 crore, and its profit increased by 53 percent to 134 crore. This performance was despite a temporary business disruption in May after the April 22 terror attack in Pahalgam.
The positive sentiment among investors was also reflected in the company's stock performance. On Wednesday, shares rallied by 4.5 percent to 238.50 on the BSE. This was the best performance, as the general market index had risen by only 0.08 percent on the same day.
ITC Hotels is further extending its reach in India. The hotel group currently has more than 200 properties, with 143 already operational and 58 registered as being in the pipeline. Over the last 24 months, the company has also witnessed the signing of 55 new projects and the opening of 25 new hotels, further strengthening its position in the Indian hospitality segment.
The company also deals with six different brands, including luxury, heritage, and premium. In the quarter, it reported a 9 percent increase in its average daily rates and a 275 basis point increase in occupancy. These gains have resulted in a 13 percent increment in revenue per available room (RevPAR), a key measure within the industry.
ITC Hotels will continue to pursue an asset-light strategy, under which it seeks to expand through partnerships with owners. The plan is based on the brand's growth and the company's operational capacity.
The group has been expanding into Tier 2 and Tier 3 cities, as demand for premium hospitality services is on the rise in these areas. The ITC Hotels aims to have 220 hotels by 2030, which will feature over 20,000 rooms. The strategy helps the company to achieve its long-term objective of becoming a leading chain of hospitals in India by having a mix of owned and managed properties.