ITC FY26 Financial Performance
ITC Hotels reported strong financial performance for FY26, supported by growth in rooms, food and beverage, and management fee income, while continuing to expand its development pipeline.
The company also outlined its long-term growth plan to scale its portfolio to 250 operational hotels with more than 22,000 keys by 2031.
ITC Hotels reported consolidated revenue from operations of ₹4,139 crore for FY26, reflecting 16 percent year-on-year growth.
Revenue growth excluding real estate stood at 10 percent.
EBITDA for the year stood at ₹1,424 crore, up 21 percent on a comparable basis, while profit after tax before exceptional items rose 39 percent to ₹888 crore.
EBITDA margin excluding real estate stood at 35 percent, expanding by 148 basis points. For Q4 FY26, consolidated revenue from operations reached ₹1,254 crore, up 18 percent year-on-year.
Quarterly EBITDA stood at ₹466 crore, up 13 percent, while PAT before exceptional items increased 22 percent to ₹314 crore.
Rooms Business and Operating Performance
Rooms revenue grew 10 percent during FY26. Average Daily Rate increased 6 percent, while occupancy expanded by 229 basis points. The combination drove overall RevPAR growth of 10 percent.
ITC Hotels maintained a RevPAR premium of 37 percent over the broader industry, reflecting continued pricing strength across its portfolio.
Performance was supported by steady demand from retail, contracted, MICE, and wedding segments.
Food and Beverage Growth
Food and beverage revenue increased 8 percent year-on-year.
Growth was led by banqueting, weddings, corporate events, and culinary-led demand across the company’s hotels.
Management fee income recorded stronger momentum, growing 28 percent year-on-year, driven by stabilisation of managed properties and contributions from recently opened assets.
International Operations
ITC Ratnadipa, the company’s first international hotel, turned EBITDA positive during the year. The property also maintained RevPAR leadership in its market.
The company additionally commenced apartment handovers under the project’s real estate component.
Expansion Pipeline and Portfolio Growth
ITC Hotels continued to expand under its asset-right strategy. During FY26, the company recorded its highest-ever annual signing performance, adding 33 hotels with over 3,300 keys.
The managed pipeline now stands at 67 hotels with nearly 6,700 keys.
During the year, ITC Hotels opened 13 new hotels across business, leisure, and spiritual destinations. The company also announced new owned hotel projects in Visakhapatnam and New Delhi.
Construction remains underway at Puri and the new hotel and banqueting block at Welcomhotel Bhubaneswar. By 2031, ITC Hotels aims to reach 250 operational hotels with more than 22,000 keys.
Sustainability Initiatives
ITC Hotels continued to invest in sustainability initiatives during FY26. Its owned renewable energy portfolio reached 51.2 MW following commissioning of a 3.3 MW wind turbine in Gujarat.
Renewable electricity now accounts for over 55 percent of the company’s energy mix.
ITC Grand Bharat, ITC Narmada, Welcomhotel Bhubaneswar, and ITC Gardenia received LEED Zero Water certification during the year.
The company was also recognised as the World’s Leading Sustainable Organisation at the World Sustainable Tourism & Hospitality Awards 2025.
Dividend Announcement
The Board of Directors approved the FY26 financial results on 15 May 2026 and recommended a dividend of ₹1 per share.
Outlook
ITC Hotels enters FY27 with continued expansion momentum, a growing managed portfolio, and sustained focus on premium hospitality growth.
