ICICI Direct suggests investors consider buying shares of ITC Hotels, currently priced at ₹153.45. The recommendation indicates a positive outlook for the hotel division of ITC Limited.
ITC Hotels Limited
ITCHOTELSPrice History
Recent Discussions
Elara Capital maintains its bullish stance towards ITC Hotels, recommending investors to buy the shares and predicting a potential price of ₹197.
ITC Hotels has purchased Zuri Hotels and Resorts for INR 205 crore, adding to their luxury hotel offerings. Post-renovation, Zuri is expected to be rebranded under the ITC umbrella.
ITC Hotels reported a 23.1% year-on-year increase in Q4 profit, reaching INR 317.4 crore with revenue at INR 1,253.7 crore. ITC is set to expand its luxury portfolio by acquiring Zuri Hotels for INR 205 crore, primarily focusing on growth in Kerala.
ITC Hotels surpassed records for revenue and profitability in their fiscal year 2026, demonstrating resilience amidst global difficulties. Despite occasional occupancy declines, a year-on-year increase in Average Daily Rates (ADRs) was achieved through strategic revenue management.
ITC Hotels experienced a significant boost in their quarterly revenue, reaching ₹13 billion compared to ₹10.6 billion in the same period last year. This increase indicates a promising uptick in top-line performance for the hotel chain during Q4.
ITC Hotels experienced a notable 18% increase in Q4 revenue, reaching ₹1,254 crores, accompanied by a 22% jump in profit after tax (PAT). For the fiscal year 2026, revenue expanded by 16%, EBITDA improved by 21%, and PAT rose significantly by 39%. Additionally, the company signed agreements for 33 new hotels.
The Indian stock market suffered a loss of Rs 6 lakh crore due to concerns over discretionary sectors following Prime Minister Modi's speech. Notably, the Titan and Kalyan stocks plummeted by up to 12%. Conversely, electric vehicle (EV) and green mobility stocks like Tata Motors and Ather Energy saw an upward trend due to their lower oil dependency themes.
GQG Partners has offloaded a significant portion of its ITC Hotels stock, worth approximately INR 197 crores, resulting in a reduction of their shareholding by 0.62%. This move signifies a potential shift in investment strategy for the equity fund.
ITC Hotels experienced a significant increase in trading volume by 62.5 times, resulting in a 4.1% rise to Rs.152.8. Other companies like Alkem, Dr Lal, Dalmia Bharat, and Sona BLW also saw increased trading volumes, with varying price movements. This could suggest heightened investor interest in these stocks.