Announced Thu, 6 Aug · 18:04 IST
ITC Hotels Chairman outlines 5-year expansion plan at 3rd AGM
Order Pipeline DisclosedAnalyst Day Multiyear TargetsInvestor Communications View source PDFExplain this filing
ITCHOTELS · price
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Price reaction · full curve 14 horizons · vs prior close
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₹170.50
prior close
₹171.00
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AI summary
At its 3rd AGM celebrating 50 years, ITC Hotels reported Total Income grew 19% to over Rs 4,331 crore and PAT rose 29%. The company has about 150 operating hotels with 14,200 keys and signed 63 hotels over the past 24 months. It targets scaling to 250 hotels and 22,000 keys in five years, backed by a pipeline of 78 hotels with 8,000 keys. New properties are planned in Puri, Visakhapatnam, Delhi and Kerala, with recent signings across pilgrimage and leisure destinations.
Likely market impact
Strong growth outlook with clear five-year expansion roadmap; rising revenue and profit signal healthy momentum for shareholders.