ITC Hotels Ltd (ITCHOTELS) Q1 FY27 Results Analysis: Revenue Grows 14.8%, EBITDA Margin Expands 112 bps

Cofacto Research Updated July 16, 2026 2 min read

Positive

ITC Hotels Ltd's Q1 FY27 numbers came in strong, with revenue of Rs. 936.02 Cr (+14.77% YoY) and PAT growth of +35.42% YoY. Here's a quick read of what worked, what to watch, and what management said.

Quick Details

Results date	July 16, 2026
Quarter	Q1 FY 2026-2027
Revenue (Q1)	Rs. 936.02 Cr (+14.77% YoY)
PAT (Q1)	Rs. 180.25 Cr (+35.42% YoY)
EBITDA margin	31.62% (+112 bps YoY)
EPS (Q1)	Rs. 0.87 (+35.94% YoY)
Market cap	Rs. 36,266.80 Cr
CMP	Rs. 174.12

Quarter Snapshot

ITCHOTELS delivered a solid Q1 with 14.77% revenue growth and 112 bps EBITDA margin expansion, driven by Hotels operating leverage and the new Branded Residences segment. Subsidiary contribution turned positive for the first time, while a large OCI loss from currency translation was a non-cash drag.

Key Investment Insights

Key Positives

Consolidated revenue grew 14.77% YoY to Rs.936.02 Cr.
Hotels segment EBIT margin expanded 209 bps YoY to 20.04%.
Consolidated EBITDA margin expanded 112 bps YoY to 31.62%.
Branded Residences segment contributed Rs.37.77 Cr revenue at 35.00% EBIT margin.
Subsidiary contribution turned positive: from -Rs.16.63 Cr to +Rs.3.24 Cr.
Employee benefits grew only 3.28% YoY, indicating cost control.

Risk Factors

Hotels segment revenue growth decelerated to 10.05% YoY from prior quarters' double-digit growth.
OCI loss of Rs.210.40 Cr from foreign currency translation on Sri Lanka operations, though non-cash.
Two subsidiaries reported combined loss of Rs.16.55 Cr after tax, partially offsetting overall profit.