ITC Hotels shares rise a second day after strong quarterly profit jump
ITC Hotels shares climbed nearly 6% after net profit rose 52% in the July-September quarter. Jefferies, HSBC, JM Financial and ICICI Securities keep Buy ratings.
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what happened
Shares of ITC Hotels, one of India's largest hospitality chains, rose nearly 6% on Tuesday, 27 October, extending a rally that began the previous day. The move followed July-September results (Q2FY27), in which revenue grew on the back of hotels and branded residences. According to TradingView, citing Moneycontrol, the stock opened at Rs 168.65 on the BSE and hit an intraday high of Rs 174.30 against a previous close of Rs 164.40.
Consolidated net profit rose 52% to Rs 202.65 crore, while revenue from operations climbed to Rs 1,054.14 crore from Rs 839.48 crore a year earlier. The company completed the acquisition of the 130-key Welcomhotel Ahmedabad, which has operated as an owned hotel since September 1, 2026. Brokerages remain positive, with target prices ranging from Rs 205 to Rs 235.
why it matters
Strong EBITDA and margin growth on solid demand points to healthy momentum in India's hospitality sector. Investors are watching the expansion pipeline and long-term earnings outlook that analysts link to growth in the low double digits to mid-teens.
market impact
Indian hospitality sector: strong results support ITC Hotels shares and sector sentiment
tags
instruments
sources
- ITC Hotels shares extend rally for second day, rise 6% post-strong Q2; brokerages bullish, check share price targets — TradingView, 27 October 2026 at 06:25 UTC
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