ITC Hotels Q2 net profit rises 52% to Rs 202.65 crore

what happened

ITC Hotels reported a 52.03 per cent rise in consolidated net profit for July-September, to Rs 202.65 crore from Rs 133.29 crore a year earlier, according to Moody's. Revenue from operations climbed to Rs 1,054.14 crore from Rs 839.48 crore, while total expenses rose to Rs 831.33 crore from Rs 699.72 crore.

The company completed the acquisition of the 130-key Welcomhotel Ahmedabad, which has operated as an owned hotel since September 1, 2026. In the first half of FY27, it renovated more than 200 keys in Kolkata, Bengaluru, Chennai and Delhi. It was also allotted a 2.8-acre plot in Lucknow for a luxury hotel of over 200 keys, and its managed pipeline reached 84 hotels with nearly 8,200 keys.

The board approved setting up a wholly owned subsidiary in Dubai, UAE, to operate hotels and restaurants. The company will subscribe to its full share capital, not exceeding Rs 20 crore, in tranches once regulatory approvals are received.

why it matters

For markets this is a single-company result within India's hospitality sector, so the effect is limited. ITC Hotels closed at Rs 164.40 on the BSE, up 5.25 per cent from the previous close. The broader signal is that Indian hotel demand remains firm, although domestic air passenger traffic fell 6 per cent in August-September on higher fuel costs.

market impact

ITC Hotels (BSE): profit and occupancy growth is a positive factor for the company's shares

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