ITC Hotels reported a 35.5% year-on-year jump in consolidated net profit to ₹180.2 crore for the first quarter of fiscal 2027, driven by robust demand across its premium property portfolio.
The company’s revenue from operations climbed 14.8% to ₹936.02 crore, up from ₹815.54 crore in the same period last year, reflecting sustained occupancy rates and average daily rate improvements in key Indian markets.
In a move to consolidate its market position, ITC Hotels also announced the acquisition of GHK Hospitality.
The deal is expected to add scale to the company’s operations and enhance its footprint in the luxury segment, aligning with broader industry trends of consolidation among high-end hotel operators in India.
The results come as ITC Ltd. continues to prepare for the eventual demerger of its hotels business, a strategic initiative aimed at unlocking value for shareholders by creating a standalone hospitality entity.
The strong Q1 performance provides a solid financial foundation for this transition, demonstrating the segment’s ability to generate consistent cash flows and growth independent of the parent company’s core FMCG and agri-business operations.