NEW DELHI: Indian hospitality major ITC Hotels reported a robust financial performance for the fourth quarter of fiscal year 2026, with revenue reaching Rs 1,254 crore, marking an 18% increase compared to the same period last year. The company's net profit for the quarter stood at Rs 314 crore, reflecting a 22% year-on-year growth. On a full-year basis, the company's consolidated revenue rose 16% to Rs 4,139 crore in FY26, while net profit surged 39% to Rs 888 crore. The stock closed flat at Rs 155.30 on the BSE on Friday, even as the broader market declined by 0.2%.
Record Signings and Expansion Plans
During the last fiscal year, ITC Hotels achieved its highest-ever signings, adding 33 hotels with over 3,300 keys. The managed hotels pipeline now stands at 67 hotels, comprising approximately 6,700 keys. Guided by an 'asset-right' strategy, the company aims to scale its operating portfolio to 250 hotels with over 22,000 keys by 2031, according to a company statement.
Operational Performance Amid Challenges
The company delivered a strong performance during the financial year despite a volatile operating environment. External factors created temporary fluctuations in demand, which briefly affected occupancy levels. However, average daily rates (ADRs) witnessed year-on-year growth, supported by smart revenue management and value-based offers. Growth in the food and beverages segment was driven by sustained momentum in banqueting and event catering, along with innovative culinary offerings across the company's hotels. The company proactively navigated operational challenges arising from the West Asia conflict without compromising guest experience. Strategic cost management initiatives helped protect margins, the statement added.
