Operating profit rose over 9% sequentially in the quarter under review from Rs 215 crore in Q2FY26, while revenue saw a 21% increase from Rs 1,015 crore in the same period.
The earnings were announced during market hours and shares of ITC Hotels were trading at Rs 182.80, down 1.33% at around 2.15 pm, but higher than the day’s low of Rs 181.
ITC Hotels, a hospitality arm of ITC Limited, incurred expenses of Rs 870 crore in Q3FY26, up 17% quarter-on-quarter from Rs 740 crore in Q2FY26 and up 24% year-on-year from Rs 700 crore in Q3FY25.
The expenses were reported under the headings of food and beverage costs, real estate development costs and personnel costs, among other things.
Segment revenue
— Hotels: Hotel revenue, which accounts for the lion’s share of revenue, stood at Rs 1,133 crore, up from Rs 995 crore in Q2FY26 and Rs 823 crore in Q3FY25.
— Property: This segment reported revenues of Rs 82 crore for the first time in Q3FY25. The company’s real estate operations reported no revenue in previous quarters. In its earlier filing, the company said that the Group was constructing super-premium branded residential properties in Colombo, Sri Lanka, and revenue from this segment will be recognized upon completion and sale of the projects.
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