ITC hotels shares fluctuated on Thursday after an increase of 3 percent in early trade. This followed an increase of 53.4 percent yoj in his consolidated net profit to £ 133.71 crore for the first quarter this tax and an increase in sales of 15.5 percent.
Brokers have maintained a positive position compared to ITC hotels after the Q1 results, in which both Jefferies and Macquarie increase their target prices, stating strong performance. The street is optimistic about the company’s expansion plans, aimed at scaling up to more than 20,000 keys by 2030.
Jefferies achieved a ‘buy’ rating and revised the target price to £ 270 of £ 240, which emphasizes a healthy all-round performance and a robust growth in sales per available room (Revpar), stimulated by the SRI Lanka project and higher other income. It also increased EBITDA estimates by around 4 percent for FY26-28.
Macquarie reflected a similar cheerful tone, maintained an ‘outperform’ rating and walked the target price to £ 270 from £ 250. It has credited the outperformance of the hotel segment to stronger important performance indicators (KPIs) and the contribution of ITC Ratnadipa.
Shares were just on the BSE at £ 238.35 from 10.37 am and reached an intraday high from £ 246 (also the 52 weeks high) against the previous closure of £ 238.50.
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Published on July 17, 2025
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