ITC Hotels Posts Record Q3 on Strong Demand, Pricing Power

ITC Hotels delivered its strongest-ever third-quarter performance, reporting sharp growth across revenue, profitability, and margins, supported by robust travel demand, pricing strength, and operational efficiencies.

For the quarter ended December 31, 2025, consolidated revenue from operations rose 21 percent year-on-year to Rs. 1,231 crore, while EBITDA increased 23 percent to Rs. 467 crore. Profit after tax (before exceptional items) surged 42 percent to Rs. 307 crore, marking a record Q3.

Performance was aided by a favourable macroeconomic environment, with India remaining the world’s fastest-growing major economy.

Key Highlights

• ITC Hotels posts record Q3 with 42 percent growth in profit after tax
• RevPAR rises 13 percent, maintaining a 48 percent premium over the industry
• Strong expansion across Tier-II and Tier-III cities and global markets

Real GDP growth stood at 8.2 percent in Q2, with growth projected at 7 percent in Q3 and 6.5 percent in Q4, taking full-year GDP growth to 7.4 percent. Improving domestic air traffic and stable inflation further boosted travel demand.

The hospitality sector benefited from strong festive spending, wedding travel, and MICE activity, particularly in luxury and upper-upscale segments. Industry demand continued to exceed supply, supporting higher room rates and occupancies.

At the standalone level, room revenue grew 12 percent, driven by corporate travel, weddings, and MICE demand. Average daily rates rose 9 percent, while occupancy improved by 290 basis points, resulting in 13 percent growth in RevPAR.

ITC Hotels maintained a 48 percent RevPAR premium over the industry. Food and beverage revenue rose 8 percent, led by banqueting and large social events. EBITDA margin expanded to 39 percent, up 110 basis points, aided by operating leverage, management fees, and cost efficiencies.

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The quarter also saw continued progress on asset management, international operations in Sri Lanka, network expansion across Tier-II and Tier-III cities, and strong recognition for luxury hospitality and sustainability leadership. The board approved the results on January 20, 2026.