ITC Hotels has delivered a stellar performance for the first quarter, announcing a net profit of Rs 181.91 crore. This represents a significant 36% year-on-year increase, underscoring the brand's continued momentum in the premium hospitality sector.
Consolidated revenue from operations also saw a healthy uptick compared to the same period last year. Management attributed this success to resilient performance across both their core hotel operations and the burgeoning branded residences division.
In a move to strengthen its physical footprint, the company has officially approved the acquisition of GHK Hospitality & Infrastructures Ltd. This strategic move is designed to expand the hotelier’s owned-asset portfolio in Ahmedabad, a key growth market.
As the company continues to scale, these results highlight a successful balance between operational efficiency and aggressive geographical expansion.
