ITC Hotels has kicked off FY25-26 on a high note, delivering strong growth across its operations. With 140+ properties under six distinct brands, the group recorded impressive gains in room revenue, F&B, and RevPAR. Strategic expansion, a refreshed loyalty program, and global recognition for sustainability are shaping its journey as one of India’s fastest-growing hospitality chains.
Performance Highlights – Standalone
The Company is amongst the fastest-growing hospitality chains in the country with 140+ properties and over 13,400 rooms under six distinctive brands – ITC Hotels in the Luxury segment, Mementos in the Luxury Lifestyle segment, Welcomhotel in the Upper Upscale segment, Storii in the Boutique Premium segment, Fortune in the Mid-market to Upscale segment, and WelcomHeritage in the Leisure & Heritage segment.
The Company delivered a robust performance during the First Quarter of FY25-26, anchored on its commitment to operational excellence and customer satisfaction.
Strong Growth in Room Revenue and F&B
- Room Revenues delivered strong growth driven by superior performance across Retail, MICE, and Wedding segments.
- The ADRs for the quarter grew by 9% and Occupancy by 275 bps, resulting in an overall RevPAR growth of 13%.
- The Company commanded a RevPAR premium of 34% over the industry average.
- Food & Beverages Revenue recorded robust growth of 13%, driven by Banqueting and Outdoor Catering.
- The Business continued to delight guests through innovative culinary offerings and strategic refresh of F&B outlets.
- The signature F&B brand ‘Avartana’ made an international debut with a pop-up event in France in April’25, showcasing its innovative approach to regional heritage cuisine.
Financial and Operational Milestones
- EBITDA margin stood at 32%, expanding by 130 bps on a comparable basis, driven by higher RevPARs, growth in F&B revenue, higher management fees, structural cost interventions, and operating leverage.
- The Company achieved a key milestone of crossing 200 hotels, with 143 operational and 58 hotels in the pipeline.
- During the quarter, the Company signed 8 hotels with approximately 700 keys at key locations such as Bodhgaya, Dehradun, Goa, Lucknow, Manesar, Mysore, Ranthambore, and Vrindavan.
Strategic Expansion and Asset-Light Growth
- The Company’s ‘Asset-Right’ strategy focuses on capital-efficient growth through strong partnerships with asset owners, leveraging brand credentials, and operational expertise.
- The presence has expanded to Tier 2 and Tier 3 cities, where demand for premium hospitality is rising rapidly.
- The Company has a robust pipeline of 58 hotels with over 5300 keys, largely brownfield assets.
- The goal is to reach 220 operational hotels and over 20,000 keys by 2030.
- The Company is also scaling its portfolio of owned hotel rooms with greenfield projects in Puri and Vishakhapatnam, and a new block at its existing hotel in Bhubaneshwar.
International Expansion and Sustainability Achievements
- The Company launched its first international property – ITC Ratnadipa in April 2024 in Colombo, Sri Lanka. Within a short time, the hotel has acquired market leadership, offering luxury hospitality for both business and leisure travellers.
- A new Club ITC loyalty programme was launched, introducing a tier-based earning system, an upgraded digital interface, and milestone-based rewards. The Culinaire programme is now integrated into Club ITC for enhanced member experiences.
- ITC Grand Bharat, Gurugram, received the LEED® ZERO Water certification.
- ITC Hotels now boasts:
- 23 LEED Platinum® certified hotels – the most globally
- 12 LEED® Zero Carbon certified hotels – first 12 in the world
- 9 LEED® Zero Water certified hotels – first 9 in the world
Governance Update
The Board of Directors, at its meeting on 16th July 2025, approved the financial results for the quarter ended 30th June 2025.
