ITC Hotels reports net profit of Rs 182 cr for Q1FY27, revenue at Rs 936 cr

New Delhi: ITC Hotels has reported revenue from operations of Rs 936 crore for quarter one of fiscal year 2027, up 15% year on year and a net profit of Rs 182 crore, up 36% year on year. The chain also announced the acquisition of Welcomhotel Ahmedabad for Rs 155 crore.

ITC Hotels said it entered the agreement for acquiring a 100% stake in GHK Hospitality and Infrastructures Ltd (GHK) that owns Welcomhotel Ahmedabad. The hotel is currently operated by the Company under an operating services agreement. The chain said the transaction will be completed at an enterprise value of Rs 155 crore, on a debt-free and cash-free basis, subject to customary adjustments under the definitive agreement. The acquisition is expected to be consummated within the current quarter.

The chain said it has completed the acquisition of Kumarakom Resort & Spa and the comprehensive renovation is underway. The property will open as an ITC Hotels branded luxury resort & spa by quarter three of fiscal year 2027.


The chain said it signed eight new properties in quarter one and that it's managed portfolio has surpassed 200 hotels with 16,000 keys.

ITC Hotels said India’s hospitality sector entered quarter one of this fiscal under the shadow of the West Asia conflict led disruptions.

"The month of April 2026 witnessed broad-based demand softness across key markets, driven by uncertainty around air travel, as reflected in weak foreign tourist arrivals," the chain said in a statement. "As travel sentiment improved, occupancy and room rates witnessed swift recovery in May and June 2026, underscoring structural resilience of the demand environment," it added.

The chain said the outlook for the hospitality industry remains 'positive', underpinned by India's strong economic growth, thrust on infrastructure and connectivity improvement, rising discretionary consumption and favourable supply-demand dynamics in the hospitality segment, particularly in tier one cities.