Kolkata: Leading hospitality chain ITC Hotels Limited has reported a stellar performance for the quarter ended June 30 as it looks to tap in the surge in demand and also consolidate its portfolio post integration of the Kumarakom Resort & Spa acquisition.
The company posted a profit after tax (PAT) of ₹182 crore, a 36% rise from the same quarter last year. Its EBITDA margin has also increased 123 basis points to reach 31% as it is now worth ₹292 crore on a consolidated basis. This growth has come despite the broad softness in the hospitality sector due to dampening demand from rising prices and the uncertainty over air travel. Room occupancy witnessed a smooth recovery in May and June 2026, showcasing broad-based recovery of demand.
“India’s strong consumption fundamentals, rising urban affluence and increasing discretionary spending continue to provide a favourable long-term foundation for the travel and hospitality industry,” the company said in a press release.
“The Company’s balanced portfolio, strong brand equity, depth of operational expertise, people-first culture, Asset-Right growth strategy, and leadership in Responsible Luxury & Sustainability provide a strong foundation for long-term profitable growth and value creation,” it further read.
During the quarter, ITC Hotels signed 8 new hotels in Zirakpur, Manesar, Bhubaneshwar, Sinpat, Shirdi and Shahjahanpur, with the brand also completing the integration of Kumarakom Resort and Spa into its portfolio. During the quarter, ITC has acquired a 100% stake in GHK Hospitality and Infrastructure Limited (GHK), which runs the Welcomhotel Ahmedabad. The transaction is expected to be completed within the current quarter. With this, ITC now manages 16,000 keys across 200 hotels.
Besides this, the company is also working to diversify its revenue stream, with the company’s new branded residences vertical contributing ₹37.77 crore to its revenue mix.
