ITC Hotels Limited (ITCHOTELS) — Board Meeting

📢 Key Event
ITC Hotels Limited approved capital expenditures for Visakhapatnam and Delhi projects, appointed new director, and declared final dividend of ₹1 per share at AGM.

🔄 What Changed
Profit after tax increased 19% YoY to ₹821.26 crores; revenue grew 13% to ₹4,331.34 crores; 29 new hotels opened in 24 months; ESAR scheme authorized for up to 4.16 crore shares.

🔮 What's Next
Target 250 hotels with 22,000 keys by 2031; ₹328 crores capital expenditure for Visakhapatnam hotel; ₹326.50 crores land lease premium for Delhi convention center; ESAR scheme approved for future equity issuance.

💡 Investor Takeaway
Strong financial performance with 19% PAT growth and 13% revenue increase, driven by portfolio expansion and sustainability leadership, positions ITC Hotels for sustained growth in India's premium hospitality market.

ITC Hotels Limited reported FY 2025-26 revenue of ₹4,331.34 crores, profit after tax of ₹821.26 crores, and recommended a final dividend of ₹1 per share. The company expanded its portfolio to 150+ hotels across 95 destinations, added 29 new properties in 24 months, and achieved 34% EBITDA margin. Key growth drivers include the Epiq Collection launch, Club ITC loyalty program, and sustainability leadership with 12 LEED Zero Water and 14,200+ keys across certified properties. The Board approved capital expenditures of ₹328 crores for Visakhapatnam and [amount context mismatch] crores for Delhi's Yashobhoomi projects, targeting 250 hotels with 22,000 keys by 2031. Governance updates include new director appointments, committee formations, and effective internal controls.

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