India's ITC Hotels posts higher quarterly profit on rising room sales

The Indian Hotels

26/10/2026 09:48

Oct 26 (Reuters) - ITC Hotels ITCT.NS, one of India's largest hospitality chains, reported a 51.4% rise in second-quarter profit on Monday, driven by an increase in room sales, sending shares higher.

Here are the details: 
The hotel arm of ITC ITC.NS posted a consolidated net profit of 2.01 billion rupees ($21.11 million) against 1.33 billion rupees a year ago
The firm's total revenue from operations rose 25.6% to 10.54 billion rupees, outpacing the 18.8% rise in total expenses.
Revenue from its hotels segment, its largest, rose 17.4% to 9.66 billion rupees, driven by both room rates and volumes, the company said 
Revenue from its branded residences segment — launched at the beginning of the fiscal 2027 — was 711 million rupees 
Analysts at Elara Capital and Jefferies expect hotel companies to post healthy second-quarter results, citing stronger demand from leisure travel and MICE (meetings, incentives, conferences and exhibitions) activities
"Demand remained broad-based across business travel, leisure, MICE and social events, enabling the sector to sustain healthy occupancy levels and pricing trends," the company said
The company said it expects to benefit from weddings, high-impact MICE and social or sporting events in the seasonally stronger second-half of the current fiscal year
Shares of ITC Hotels jumped as much as 7.8% to 168.5 rupees after the results, before trimming some gains to trade 5% higher 


($1 = 95.2100 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru; Editing by Jochelle Mendonca)
 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))