ITC Hotels Q1 FY27 profit jumps 36% to ₹182 crore; approves ₹155 cr GHK buy
ITC Hotels posted a 36% rise in Q1 FY27 net profit to ₹181.91 crore on revenue of ₹936 crore. The board cleared a ₹155 crore acquisition of GHK Hospitality (Welcomhotel Ahmedabad). Portfolio now spans 156 hotels and 14,300 rooms, with a target of 250 hotels by 2031. Company flagged West Asia uncertainty.
What happened
ITC Hotels' Q1 FY27 net profit rose 36% to ₹181.91 crore on ₹936 crore revenue, with retail-segment room revenue strong. Board approved ₹155 crore acquisition
Key facts
- net profit ₹181.91 crore, up 36%
- revenue ₹936.02 crore
- expenses ₹750 crore
- 156 operational hotels, 14,300 rooms in India
- target 250 hotels/22,000 rooms by 2031
- GHK acquisition EV ₹155 crore
- 130-key Welcomhotel Ahmedabad
Why this matters
The ₹155 crore GHK Hospitality (Welcomhotel Ahmedabad) acquisition marks a bolt-on move consistent with the aggressive path to 250 hotels by 2031.
What to watch
- Quarterly RevPAR and occupancy trends vs peers (Indian Hotels, Chalet)
- Pace of new hotel signings and openings each quarter
- West Asia geopolitical developments affecting inbound travel
- Further acquisition announcements and their funding mix
- Debt levels and free cash flow post-acquisition
- Integrate Welcomhotel Ahmedabad and rebrand under Welcomhotel/ITC portfolio
- Continue asset-light management contract signings to hit 250-hotel target
- Scout further bolt-on acquisitions in under-penetrated metros
- Hedge West Asia exposure and reallocate marketing to domestic leisure/MICE demand