ITC Hotels Results Analysis-Q1FY27

$ITCHOTELS Financial performance and key operating metrics (consolidated) Operating Revenue for Q1FY27 is Rs. 936 Crs., 14.77% growth YoY, Total Income is Rs. 995 Crs., 15.68% growth YoY, EBITDA is Rs. 292 Crs., 19.48% growth YoY, EBITDA Margin is 31.23% improved by 123 Basis points YoY, PBT Rs. 248 Crs. 31.46% growth YoY, PAT Rs. 182 Crs. 36.05% growth YoY. Room Revenue grew 8% YoY led by strong performance in the retail segment, offsetting the high base effect in the MICE and Weddings segments in the previous year. Food & Beverage (F&B) revenue grew 11% YoY, led primarily by speciality outlets and banqueting. Management Fees during the quarter registered a growth of 35% YoY, driven by strong performance of managed hotels at leisure locations and stabilization of managed properties commissioned during the previous year. On QoQ basis Op. Revenue is down by 25.34%, Total Income is down by 23.87%, EBITDA is down by 37.31%, PBT is down by 40.67% and PAT is also down by 42.69%. ITC Ratnadipa delivered positive EBITDA during the quarter, while sustaining its leadership position in RevPAR. Progressive handover of Sapphire Residences continued during the quarter; 16 apartments have been handed over till date. During the quarter, 8 new hotels were signed in Jaipur, Manesar, Bhubaneswar, Sonipat, Shirdi, Shahjahanpur and Zirakpur, enhancing the Company's presence across business, industrial, pilgrimage and leisure destinations. The operating environment during the quarter was marked by heightened uncertainty and volatility, driven by the West Asia conflict, which disrupted air travel and added to inflationary pressures.