Operates a chain of hotels in India across owned and managed models, earning primarily from rooms, food and beverage, and management fees. The Hotels segment was 93.7% of FY26 segment revenue at Rs 3,859.83 crore, Real estate was 5.1% at Rs 210.89 crore and Others 1.1% at Rs 46.9 crore. The FY26 portfolio stood at 155 hotels with 14,294 keys, sitting alongside a managed pipeline of 67 hotels with around 6,700 keys; after the May 2026 acquisition of The Zuri Kumarakom (72 keys), the managed portfolio had crossed 200 hotels with 16,000 keys by Q1 FY27, with a further Rs 155 crore buyout of Welcomhotel Ahmedabad (130 keys) announced. The company is targeting 250 hotels with 22,000-plus keys by 2031 in a 33% owned / 67% managed mix. In Q1 FY27 room revenue grew 8%, F&B 11% and management fees 35%, and RevPAR carried a 33% premium over industry. The business was demerged from ITC Limited effective January 2025. The cost stack is led by other operating expenses at 34.3% of revenue and employee costs at 18.9%, with depreciation at 10.1% and capex at 9.9%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Hotels (94%), Real estate (5%), Others (1%). Asset-heavy Indian hotel chain shifting towards a fee-based managed model, post-demerger from ITC Limited in January 2025
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 3,560 | 4,139 |
| EBITDA (ex other income) | 1,211 | 1,344 |
| margin % | 34.0 | 32.5 |
| Owners' profit | 635 | 817 |
| EPS, as reported (₹) | 3.05 | 3.92 |
| ROE % · ROCE % | 5.9 · 7.7 | 7.0 · 9.1 |
| Debt / equity (x) | 0.00 | 0.00 |
| Cash from operations | 803 | 1,110 |
| Capex | (386) | (410) |
| ₹ crore | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|
| Revenue | 1,061 | 816 | 839 | 1,231 | 1,254 | 936 |
| Profit before tax | 349 | 185 | 185 | 326 | 415 | 245 |
| Net profit | 258 | 134 | 133 | 237 | 317 | 182 |
| EPS (₹) | 1.23 | 0.64 | 0.64 | 1.13 | 1.52 | 0.87 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Hotels | 3,860 | 93.7 |
| Real estate | 211 | 5.1 |
| Others | 47 | 1.1 |
| Total, before eliminations | 4,118 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| THE INDIAN HOTELS CO. LTD | 1,02,271 | 47.7 | 6.85 | 27.2 | 15.0 | 16.2 | 43.8 | 32.2 |
| ITC HOTELS LIMITED ◆ | 32,180 | 37.1 | 2.75 | 20.9 | 7.0 | 9.0 | — | 37.5 |
| CHALET HOTELS LIMITED | 19,293 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 1 Sept 2026 · ITC Hotels acquires 100% stake in GHK Hospitality for Rs 155 cr | strategic transactions | high | — | — |
| 26 Aug 2026 · Participation in Elara investor conference on Sept 2, 2026 in Mumbai | board shareholder meetings | low | — | — |
| 20 Aug 2026 · ITC Hotels allots 29,460 shares under ESOP scheme | capital market events | low | — | — |
| 13 Aug 2026 · ITC Hotels to attend Motilal Oswal 22nd Global Investor Conference | board shareholder meetings | low | — | — |
| 6 Aug 2026 · ITC Hotels Chairman outlines 5-year expansion plan at 3rd AGM | investor communications | medium | — | — |
| 6 Aug 2026 · LIC MD Ramakrishnan Chander appointed as Non-Executive Director | management changes | medium | — | — |
| 6 Aug 2026 · ITC Hotels 3rd AGM: all resolutions passed, Re.1 dividend declared | board shareholder meetings | low | — | — |
| 16 Jul 2026 · ITC Hotels Q1 FY27: Revenue up 15%, PAT up 36%, Margin expands 125 bps | investor communications | medium | — | — |
| 16 Jul 2026 · ITC Hotels acquires 100 percent stake in Welcomhotel Ahmedabad for Rs 155 cr | compliance | low | — | — |
| 16 Jul 2026 · ITC Hotels Q1 FY27: standalone PAT up 18%, consolidated up 36% | results | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 36.5 |
| 5.22 |
| 17.5 |
| 17.4 |
| 13.6 |
| 56.6 |
| 45.5 |
| EIH LIMITED | 17,976 | 25.3 | 3.32 | 16.8 | 12.2 | 14.9 | 42.7 | 31.6 |
| LEELA PALACES HOTEL LTD | 17,930 | 29.6 | 2.78 | 24.0 | 6.2 | 5.9 | — | 43.2 |
| VENTIVE HOSPITALITY LTD | 13,431 | 28.0 | 1.99 | 11.8 | 7.4 | 7.4 | — | 37.7 |
| LEMON TREE HOTELS LTD | 8,314 | 35.4 | 4.00 | 15.4 | 13.9 | 9.2 | 41.8 | 44.1 |
| INDIA TOUR. DEV. CO. LTD. | 5,888 | 71.8 | 14.33 | 48.1 | 20.0 | 26.6 | 24.7 | 17.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 37.1 | 24.1 | 43 of 60 | 29% |
| P/B | 2.8 | 1.9 | 40 of 57 | 30% |
| ROCE | 9.0 | 4.9 | 19 of 65 | 72% |
| ROE | 7.0 | 6.4 | 27 of 59 | 55% |
| Debt / Equity | 0.0 | 0.2 | 11 of 59 | 83% |
| EBITDA margin | 37.5 | 29.5 | 20 of 58 | 67% |
| Revenue growth | 14.8 | 7.6 | 20 of 58 | 67% |
| Profit growth | 36.0 | 11.6 | 21 of 55 | 63% |
| Market cap | 32180 | 274 | 2 of 66 | 99% |
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| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
