ITC Hotels profit jumps 35% to Rs 180 crore; buys GHK Hospitality for Rs 155 crore
ITC Hotels posted Q1 net profit of Rs 180.25 crore, up 35.42% YoY, on revenue of Rs 936.02 crore (up 14.77%). It signed a deal to acquire 100% of GHK Hospitality for an enterprise value of Rs 155 crore, expanding its owned portfolio in Ahmedabad. Shares fell 5.06% to a low of Rs 174.20.
What happened
ITC Hotels posted 35% YoY profit rise to Rs 180 crore and signed an agreement to acquire 100% of GHK Hospitality for Rs 155 crore, expanding its owned portfolio
Key facts
- net profit Rs 180.25 crore
- up 35.42% YoY
- revenue Rs 936.02 crore
- up 14.77% YoY
- acquisition EV Rs 155 crore
- stock down 5.06%
- low Rs 174.20
Why this matters
The Rs 155 crore enterprise-value buyout of 100% GHK Hospitality deepens owned-asset strategy in Ahmedabad and sets a benchmark for further tuck-in acquisitions.
What to watch
- Q2 RevPAR and occupancy data
- Any further owned-asset acquisitions signaling capital-heavy strategy
- Management guidance on margin impact from GHK
- Domestic travel and MICE demand indicators
- Peer earnings from Indian Hotels/EIH
- Watch for brokerage notes reaffirming or cutting targets post-Q1 print
- Track promoter/institutional block deals as demerged shares settle
- Monitor GHK integration timeline and Ahmedabad room-count additions
- Compare RevPAR and ARR trajectory versus Indian Hotels and Lemon Tree