ITC Hotels Q1 Results: PAT jumps 35% to ₹180 crore, revenue grows 15% YoY; announces acquisition of GHK Hospitality

ITC Hotels on Thursday reported a consolidated net profit of ₹180.2 crore for the first quarter of FY27, registering a growth of 35.5% from ₹133.10 crore in the year-ago period.

The company’s revenue from operations in Q1FY27 grew 14.8% to ₹936.02 crore from ₹815.54 crore, year-on-year (YoY).

At the operating level, ITC Hotels’ earnings before interest, tax, depreciation and amortization (EBITDA) during the June quarter increased 19.6% to ₹292.3 crore from ₹244.5 crore, while EBITDA margin improved to 31.2% from 30%, YoY.

The company’s hotels segment clocked a revenue growth of 10% YoY to ₹881.06 crore, while the segment’s EBIT rose 22.8% YoY to ₹176.54 crore.

Branded Residences segment reported a revenue of ₹37.77 crore, with an EBIT of ₹13.22 crore in the quarter ended June 2026.

In a separate regulatory filing, ITC Hotels announced the acquisition of a 100% stake in GHK Hospitality & Infrastructures Limited at an enterprise value of ₹155 crores on a cash-free, debt-free basis.

The investment in GHK shall be made through primary subscription and secondary purchase of equity shares of GHK.

GHK is a public limited company having its registered office in Ahmedabad, India. It is engaged in the hospitality business and owns a hotel named, ‘Welcomhotel Ahmedabad’ with 130 keys.

“The transaction would allow the Company to expand its owned asset portfolio in Ahmedabad across all market segments through an established hotel (currently operated by the Company under an Operating Services Agreement). This value-accretive acquisition provides an opportunity to the Company to capitalize on Ahmedabad’s diversified year-round demand,” ITC Hotels said.

The acquisition of GHK Hospitality & Infrastructures shares is expected to be completed within Q2FY27, it added.

GHK Hospitality’s turnover in FY26 grew 12.6% to ₹35.16 crore from ₹31.23 crore in FY25.

ITC Hotels share price declined sharply after the announcement of Q1 results and acquisition. The stock fell as much as 5.28% to ₹173.80 apiece on the BSE.

At 2:30 PM, ITC Hotels share price was trading 4.71% lower at ₹174.85 apiece on the BSE.

Ankit Gohel is the Deputy Chief Content Producer at Livemint, specialising in financial markets, macroeconomics, and regulatory developments. With a strong focus on equity markets, primary issuances, and policy-driven market movements, he brings clarity to complex financial developments for investors and market participants. <br><br> With nine years of experience in business and financial journalism, Ankit’s approach is rooted in the belief that market reporting should go beyond headlines — connecting data, policy, and ground realities to deliver actionable insights. His work consistently bridges the gap between institutional analysis and investor understanding. <br><br> Ankit has spent three years at Livemint, where he currently helps drive market coverage, editorial strategy, and high-impact financial stories. Prior to this, he worked with leading business news networks such as CNBC-TV18, ET Now, TickerPlant News Service where he built deep expertise in stock market analysis, macroeconomic trends, primary markets, and coverage of key regulators including the RBI and SEBI. <br><br> Over the years, he has covered market cycles across bull and bear phases, IPO booms, liquidity shocks, and major policy shifts that reshaped investor sentiment. He has interviewed fund managers, corporate leaders, and policymakers, translating their perspectives into sharp, data-backed narratives. Ankit combines speed with accuracy — ensuring timely, credible, and insight-driven financial journalism that empowers both retail and institutional audiences.

Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.