ITC Hotels lifts quarterly profit 51% as room sales climb

what happened

The hotel arm of India's ITC reported a 51.4% rise in second-quarter net profit, to 2.01 billion rupees ($21.11 million), from 1.33 billion rupees a year earlier. Revenue from operations climbed 25.6% to 10.54 billion rupees, while total expenses grew 18.8%. Its largest segment, hotels, brought in 9.66 billion rupees, up 17.4%, driven by both room rates and volumes. Revenue from branded residences, launched at the start of fiscal 2027, reached 711 million rupees. Reuters reported that shares jumped as much as 7.8% to 168.5 rupees before trimming gains to trade about 5% higher.

why it matters

The results point to broad-based demand in India's hospitality sector, with the company citing business travel, leisure, MICE events and social occasions. Expected support from weddings and large events in the seasonally stronger second half could matter for the wider sector. For investors, the signal is mainly about Indian hotel demand rather than currency markets.

market impact

Индийские отели: сильный спрос и рост тарифов поддерживают бумаги ITC Hotels и сектор.

tags

instruments