ITC Hotels (ITCHOTELS) investor relations material

Executive summary

• Achieved record Q1 revenue and profits, with consolidated revenue up 15% year-over-year to ₹936.02 Cr and PAT up 36% to ₹181.91 Cr.

• Standalone revenue rose 9% to ₹808.39 Cr, with PAT up 18% to ₹177.01 Cr.

• Continued 'Asset-Right' expansion with 8 new hotel signings and completion of Kumarakom resort acquisition.

• Unaudited standalone and consolidated financial results for the quarter ended 30th June 2026 were approved by the Board on 16th July 2026.

• Maintained RevPAR leadership in key markets and strong operational performance in Sri Lanka.

Financial highlights

• Consolidated EBITDA increased 19% year-over-year to ₹292 Cr, with EBITDA margin improving by 123 bps to 31%.

• Standalone EBITDA rose 11% to ₹263 Cr, margin steady at 32%.

• Occupancy improved to 76% (+220 bps), ARR up 4% to ₹11,320, and RevPAR up 7% to ₹8,550.

• Basic and diluted EPS (consolidated) for the quarter were ₹0.87, up from ₹0.64 year-over-year.

• F&B revenue grew 11% to ₹361 Cr, management fees up 35% to ₹49 Cr.

Outlook and guidance

• Industry outlook remains positive, driven by rising incomes, robust domestic travel, and limited new supply in top markets.

• The inclusion of Kerala Luxury Resorts Private Limited (KLRPL) is expected to enhance future performance, with segment results reflecting the expanded portfolio.

• Targeting 22,000+ operational keys by 2031, with a mix of owned and managed hotels.

• Continued focus on capital-efficient growth and premiumization of portfolio.