ITC Hotels share price & results
- Sept 2026
- Sept 2026
Operates 140+ owned and managed hotels across India, Sri Lanka & Nepal under six hospitality brands.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,054 | +25.6% YoY | Quarterly, as filed | Quarter to Sept 2026 | Revenue from operations as filed. |
| Operating margin | 32.0 | +3.0 pts YoY | Operating profit / revenue | Quarter to Sept 2026 | For the quarter; a change is in percentage points. |
| Net profit | 203 | +52.6% YoY | Quarterly, as filed | Quarter to Sept 2026 | Profit after tax as filed. |
| Return on equity | 8.42 | +1.2 pts | Trailing twelve months | TTM to Sept 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 16.96 | +5.2 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 19.94 | −43.8 pts | Trailing twelve months | TTM to Sept 2026 | Revenue change against the same period one year earlier. |
Price
Performance −26.0% 1Y
1Y: ₹221.94 on 24 Oct 2025 → ₹164.31. High ₹266.5 (2 Sept 2026), low ₹137.87 (30 Mar 2026).
- Previous close
- ₹156.25
- Market cap
- ₹34.6k Cr
- 52-week range
- ₹137.87 – ₹266.5
- One year
- −25.31%
- Price to earnings (TTM to Sept 2026)
- 35.03×
- Return on equity (TTM to Sept 2026)
- 8.42%
Overview
- Symbol
- NSE:ITCHOTELS
- Sector
- Consumer Services
- Industry
- Consumer Discretionary
- Exchange
- NSE
- Currency
- INR
What ITC Hotels does
Based on the company's own presentations, annual report and earnings calls.
ITC Hotels Limited owns, manages, franchises and leases hotels spanning the luxury, upper-upscale/boutique and midscale-to-upscale/heritage segments, with its portfolio concentrated in India and extending to Sri Lanka and Nepal. It earns revenue from room bookings, food & beverage operations run out of in-house restaurant and banqueting brands, management fees on hotels operated for third-party owners, and real estate sales tied to select hospitality-linked developments. The business runs under six distinct hotel brands - ITC Hotels, Mementos, Welcomhotel, Storii, Fortune Hotels and WelcomHeritage - complemented by a stable of signature in-house F&B brands. Growth is pursued through an 'Asset-Right' strategy that favours signing new hotels under management/franchise contracts over building new owned properties.
Segments
- Rooms
- Food & Beverages
- Management Fees
- Real Estate
- Hotels in operating portfolio
- 140+
- Total keys (rooms) across portfolio
- 13,300+
- Destinations covered
- 90+
- Countries of operation
- India, Sri Lanka, Nepal
- Distinct hotel brands
- 6 (ITC Hotels, Mementos, Welcomhotel, Storii, Fortune Hotels, WelcomHeritage)
- Managed-hotel pipeline (signed, not yet open)
- 67 hotels (~6,700 keys)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 3 fiscal years held (Mar 2024 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +53% (quarter to sept 2026 against sept 2025).
| Line item | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,015 | 1,061 | 816 | 839 | 1,231 | 1,254 | 936 | 1,054 |
| Expenses | 635 | 648 | 571 | 594 | 764 | 787 | 644 | 717 |
| Operating profit | 381 | 412 | 245 | 246 | 467 | 466 | 292 | 337 |
| Operating margin | 37.0% | 39.0% | 30.0% | 29.0% | 38.0% | 37.0% | 31.0% | 32.0% |
| Other income | 19 | 43 | 48 | 49 | -34 | 60 | 62 | 55 |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 104 | 100 | 102 | 104 | 104 | 106 | 104 | 112 |
| Profit before tax | 294 | 354 | 189 | 189 | 327 | 418 | 248 | 278 |
| Tax rate | 27.0% | 27.0% | 29.0% | 29.0% | 28.0% | 24.0% | 27.0% | 27.0% |
| Net profit | 216 | 258 | 134 | 133 | 237 | 317 | 182 | 203 |
| EPS (₹ per share) | — | 1.23 | 0.64 | 0.64 | 1.13 | 1.52 | 0.87 | 0.97 |
| Line item | Mar 2025 | Mar 2026 |
|---|---|---|
| Sales | 3,560 | 4,140 |
| Expenses | 2,349 | 2,716 |
| Operating profit | 1,211 | 1,424 |
| Other income | 83 | 123 |
| Interest | 8 | 8 |
| Depreciation | 403 | 416 |
| Profit before tax | 885 | 1,123 |
| Net profit | 638 | 821 |
| Line item | Mar 2024 | Mar 2025 | Mar 2026 | Sept 2026 |
|---|---|---|---|---|
| Equity capital | 83 | 208 | 208 | 208 |
| Reserves | 8,415 | 10,484 | 11,450 | 11,531 |
| Borrowings | 74 | 73 | 74 | 84 |
| Other liabilities | 1,617 | 1,707 | 1,748 | 1,837 |
| Total liabilities | 10,188 | 12,472 | 13,480 | 13,660 |
| Fixed assets | 6,436 | 8,189 | 8,089 | 8,360 |
| Capital work in progress | 1,768 | 158 | 207 | 201 |
| Investments | 204 | 676 | 1,956 | 1,597 |
| Other assets | 1,780 | 3,449 | 3,229 | 3,501 |
| Total assets | 10,188 | 12,472 | 13,480 | 13,660 |
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Debtor days | 24 | 21 | 20 |
| Cash conversion cycle | 24 | 21 | 20 |
| Working capital days | 48 | 48 | 43 |
| Return on capital employed | — | 10.0% | 11.0% |
| Dividend payout | 0.0% | 0.0% | 26.0% |
What the price assumes
AttractiveTo justify its price of ₹164, this stock must grow earnings at 25% every year for 7 years. Our analysis caps realistic growth at ~29%. At that growth it is worth ₹196 — upside of 19%.
- Growth the price implies
- 25.1% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 28.7% a year
- net profit, FY25–FY26
- The gap
- -0.0 pp
- 19% downside if it only repeats history
Ownership
Who owns it
Promoters hold 39.85% as of Sept 2026; institutions cut 0.40 pts since Jun 2026.
- Promoters 39.85%
- Foreign institutions 11.63%
- Domestic institutions 23.56%
- Government 0.02%
- Public 24.95%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 4.68% held
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of ITC Hotels above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 39.85% | unchanged | |
| Insurer | 8.70% | unchanged |
| 7.08% | unchanged | |
| Corporate | 6.28% | unchanged |
| 4.68% | newly disclosed | |
| Mutual fund | 2.16% | −0.12 pp |
| NBFC / DFI | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in ITCHOTELS
Filings to Sep 2026
0 new, 1 added, 5 trimmed, 0 sold out — net −0.15 L shares (−0.0%).
- Held by funds
- ₹823 Cr
- 14 schemes
- Biggest holder
- Nippon India Multi Cap Fund
- ₹370 Cr · 0.7% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Multi Cap Fund Nippon India Mutual Fund | ₹370 Cr | held | Jan '25 |
| Nippon India Growth Mid Cap Fund Nippon India Mutual Fund | ₹272 Cr | held | Dec '25 |
| HDFC Balanced Advantage Fund HDFC Mutual Fund | ₹68 Cr | held | Jan '25 |
| Nippon India Power & Infra Fund Nippon India Mutual Fund | ₹62 Cr | held | Dec '25 |
| Nippon India ETF Nifty Midcap 150 Nippon India Mutual Fund | ₹17 Cr | −0.09 L | Sep '25 |
| Nippon India Nifty Midcap 150 Index Fund Nippon India Mutual Fund | ₹12 Cr | −0.07 L | Sep '25 |
| HDFC Large & Mid Cap Fund HDFC Mutual Fund | ₹6 Cr | held | Jan '25 |
| SBI Nifty Midcap 150 Index Fund SBI Mutual Fund | ₹6 Cr | +0.04 L | Oct '25 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Sep 2026
1 added, 5 trimmed — net −14,873 shares (−0.0%)
- Funds are sitting on
- -10%
- vs est. average cost
- Held by funds
- ₹823 Cr
- 14 schemes · ≈ 2.4% of the company
- Biggest holder
- Nippon India Multi Cap Fund
- ₹370 Cr · 0.7% of that fund
Shares held by these funds −26%
Jan '25 5.01 cr shares Sep '26
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