ITC Hotels FY26 Reports ₹4,139 Crore Revenue, PAT Up 39%

New Delhi, May 18, 2026: Pricing power, not occupancy, did the heavy lifting this year, and ITC Hotels leaned on it hard to push through a volatile FY26. The company reported consolidated revenue from operations of ₹4,139 crore for FY26, up 16% year-on-year, while Profit After Tax (PAT) jumped 39% to ₹888 crore. This came in a year shaped by geopolitical shocks and uneven travel demand.

And despite that noise, the company kept revenue moving, driven by higher room rates, steady occupancy gains, and strong pull from business travel, MICE, and weddings. There were dips. The West Asia conflict hit occupancy in pockets. But pricing and cost control filled the gap.

Revenue Growth Supported by Room Demand and ADR Expansion

Rooms revenue grew 10% year-on-year, backed by consistent demand across retail, contracted, MICE, and wedding segments. Average Daily Rates (ADRs) rose 6%. Occupancy inched up 229 basis points. Together, that pushed RevPAR up 10%. And the company held a 37% RevPAR premium over the industry, a clear signal of where it sits in the market. Growth didn’t come by accident.

It came from tight pricing and sharper segmentation across demand streams. In Q4 FY26, revenue from operations hit ₹1,254 crore, up 18% year-on-year. EBITDA came in at ₹466 crore, while PAT (before exceptional items) rose 22% to ₹314 crore.

F&B and Management Fees Drive Additional Revenue Streams

Food and beverage revenue grew 8% year-on-year. Weddings, banquets, and corporate catering did the heavy lifting here. Event-led demand continues to carry this segment. Management fees jumped 28% year-on-year, helped by stabilising managed hotels and new openings. Full-year contribution from ITC Grand Central also added to fee income, another push toward its asset-light play. Margins followed. EBITDA margin stood at 35% for FY26, up 148 basis points on a comparable basis.

Profitability Improves Despite Operating Challenges

EBITDA for FY26 came in at ₹1,424 crore, up 21% on a comparable basis. The gains came from better room yields, rising fee income, and tighter cost control. But the year wasn’t smooth. Geopolitical tensions disrupted supply chains. Travel demand fluctuated. Food and energy costs climbed. And yet, the company held margins through efficiency moves and disciplined pricing.

Portfolio Expansion and Pipeline Strengthen Growth Strategy

FY26 was aggressive on expansion. ITC Hotels signed 33 hotels, adding over 3,300 keys, its highest annual signing to date. The pipeline now stands at 67 hotels with around 6,700 keys. It also opened 13 hotels across business, leisure, and spiritual destinations during the year. New projects were announced in Visakhapatnam and New Delhi. Construction continues in Puri and Bhubaneswar. The long game is clear. 250 operational hotels. Over 22,000 keys by 2031. And a mix of owned and managed assets to get there.

International Operations and Sustainability Initiatives

ITC Ratnadipa, its first international property, turned EBITDA positive during the year and held top position in RevPAR in its market. Real estate activity also moved, with apartment handovers starting. On sustainability, multiple properties secured LEED® Zero Water certification. Renewable energy capacity reached 51.2 MW after a wind turbine commissioning in Gujarat. Renewable electricity usage crossed 55%.

The company was also named the World’s Leading Sustainable Organisation at the World Sustainable Tourism & Hospitality Awards 2025. The Board approved the results on May 15, 2026, and recommended a dividend of ₹1 per share, signalling confidence in where things are headed.