ITC Hotels (ITCHOTELS) Q3 25/26 earnings summary

Executive summary

• Achieved highest ever Q3 revenue and profits, with consolidated revenue from operations at ₹1,231 crore, up 21% year-over-year, and PAT before exceptional items at ₹307 crore, up 42% year-over-year.

• Unaudited standalone and consolidated financial results for the quarter and nine months ended 31st December 2025 were approved and reviewed by the Board and Audit Committee.

• The demerger of the Hotels Business from ITC Limited into the company became effective from 1st January 2025, impacting reported figures.

• Expanded hotel portfolio to over 150 operating hotels, with record new signings and openings in CY 2025.

• Recognized with multiple global awards for sustainability, talent management, and luxury hospitality.

Financial highlights

• Consolidated EBITDA for Q3 FY26 was ₹467 crore, up 23% year-over-year, with EBITDA margin at 38%, up 47 bps.

• Standalone revenue from operations for Q3 FY26 was ₹1,052.37 crore, up from ₹938.70 crore in Q3 FY25; consolidated revenue was ₹1,230.68 crore, up from ₹1,015.40 crore year-over-year.

• Standalone net profit after tax for Q3 FY26 was ₹246.55 crore, up from ₹227.87 crore in Q3 FY25; consolidated net profit after tax was ₹236.83 crore, up from ₹216.00 crore year-over-year.

• Standalone EPS for Q3 FY26 was ₹1.18 (basic and diluted); consolidated EPS was ₹1.13 (basic and diluted).

• Sapphire Residences, Colombo, reported Q3 FY26 revenue of ₹82 crore and PBT of ₹26 crore.

Outlook and guidance

• Targeting 220+ operational hotels and 20,000+ keys by 2030, with two-thirds of the portfolio managed.

• Focus on asset-right strategy, premiumization, and expanding geographical footprint.

• 2.5x growth in management fees targeted by FY30 over FY25.

• The company continues to monitor the impact of new labour codes and expects to account for further changes as rules are finalized.