ITC Hotels’ Q2 consolidated revenue rises 26 pc to Rs 1,054-cr
Consolidated EBITDA increased 37 per cent to Rs 337 crore, reflecting growth in room revenue, food and beverage operations and management fees, the company said after its board approved the financial results on Monday.
Standalone revenue from operations grew 16 per cent to Rs 885 crore, while EBITDA rose 28 per cent to Rs 301 crore and PAT increased 37 per cent to Rs 207 crore.
Standalone operating return on capital employed improved by 310 basis points to 20 per cent.
During the second quarter, consolidated revenue from operations excluding branded residences grew 17 per cent year-on-year to Rs 983 crore.
Room revenue increased 22 per cent, while occupancy rose 481 basis points to 76 per cent and average daily rates grew 14 per cent, resulting in a 21 per cent increase in revenue per available room (RevPAR).
The company maintained a RevPAR premium of 44 per cent over the industry, while food and beverage revenue grew 12 per cent and management and operating fees increased 25 per cent.
EBITDA excluding branded residences rose 28 per cent to Rs 314 crore, with the margin expanding 263 basis points to 32 per cent.
As part of its asset-right expansion strategy, ITC Hotels signed 20 new hotel deals with more than 1,600 keys during the first half of FY27, taking its managed pipeline to 84 hotels with around 8,200 keys.
The company completed the acquisition of the 130-key Welcomhotel Ahmedabad, which began operating as an owned hotel from September 1, 2026.
It was also allotted a 2.8-acre land parcel by the Lucknow Development Authority for developing a luxury hotel with more than 200 keys and banqueting facilities.
ITC Ratnadipa in Sri Lanka continued to report positive EBITDA and maintain its RevPAR leadership, while the progressive handover of Sapphire Residences continued during the quarter.
In sustainability initiatives, ITC Narmada became the group’s 13th hotel to receive LEED Zero Carbon certification, while Welcomhotel Bay Island became the 25th hotel in its portfolio to secure LEED Platinum certification.
The company said domestic demand across business travel, leisure, meetings and social events supported the hospitality sector despite moderation in global travel growth and pressure from rising fuel costs.
TNT KM
