ITC Hotels has kicked off the fiscal year with significant momentum, posting a 35% jump in profit after tax (PAT) to reach ₹180 crore. This impressive financial performance underscores the company's strengthening market position and operational efficiency.
Revenue from operations saw a robust 14.8% year-on-year increase, rising to ₹936.02 crore compared to the previous year's ₹815.54 crore. The uptick in earnings reflects a resilient hospitality sector and improved occupancy rates across their properties.
Alongside the financial results, the leadership announced a strategic move to acquire GHK Hospitality. This acquisition is expected to bolster the brand's footprint and diversify its service offerings in the competitive travel landscape.
Investors have responded positively to the expansion plans and healthy margins, signaling confidence in the group's long-term growth trajectory within the domestic luxury segment.
