Itc Hotels Ltd · NSE:ITCHOTELS
Itc Hotels — Q2 FY27 Earnings Presentation
34 slides from Itc Hotels's earnings presentation, Oct 26, 2026
Slide 1: Q2 FY27 Results
Q2 FY27 Results 26th October 2026
Slide 2: Disclaimer
Disclaimer This presentation contains certain forward-looking statements including those describing the Company’s strategies, strategic direction, objectives, future prospects, estimates etc. Investors are cautioned that “forward looking statements” are based on certain assumptions of future events
Slide 3: Macro-Economic Environment
Macro-Economic Environment ITC Grand Chola, Chennai 3 Review : 2024-2025
Slide 4: India's Economic Growth remains intact amidst Pressures
Domestic Resilience India’s Economic Growth remains intact amidst Pressures Heightened macro pressures India remains fastest growing major economy at 7.1% Jun'26 Sep'26 Real GDP Growth over LY % FY25 FY26 FY27 (E) +34% +110 bps 114 5.5% 85 4.4% 7.8 8.1 7.5 7.7 7.3 7.2 7.1 7.1 6.9 Crude Oil Price CPI
Slide 5: Indian hospitality industry holds strong
Volumes hold Indian hospitality industry holds strong Yields improve Hotel demand resilient in FY27 Room rates continue to firm up Occupancy % 2025 ARR (₹’000s) 2025 2026 2026 Q1 Occ. 67% TY (vs 64% LY) Q2 Occ. 66% TY (vs 64% LY) Q1 up 5% TY Q2 up 10% TY 71% 12 67% 11 63% 10 59% 9 55% 8 Apr May Jun
Slide 6: Industry Outlook Remains Positive
Industry Outlook Remains Positive Structural demand drivers continue to support sustained growth in India's hospitality sector Rising income Domestic travel Improved Increased & affluence momentum connectivity MICE activity India being world’s fastest India estimated to rank #4 New expressways, airp
Slide 7: Key Performance Highlights
Key Performance Highlights Mementos Udaipur 7
Slide 8: Key Performance Highlights – Q2 FY27
Key Performance Highlights – Q2 FY27 Milestone 2nd Quarter: ₹ 1,000+ Crore Income 13th LEED Zero Carbon Certification ITC Narmada • Consolidated Total Income at ₹ 1,106 Cr. up 25%, PAT at ₹ 203 Cr., up 52% • Standalone Total Income at ₹ 937 Cr. up 16%, PAT at ₹ 207 Cr. up 37% Accelerated ‘Asset-Righ
Slide 9: Milestone 2nd Quarter: ₹1,000+ Crore Income
Milestone 2nd Quarter: ₹ 1,000+ Crore Income ₹ crore Q2 FY27 STANDALONE CONSOLIDATED CONSOLIDATED EX- BRANDED RESIDENCES OVERALL 937 1,035 1,106 Total Income ▲ 16% ▲ 17% ▲ 25% Revenue from 885 983 1,054 Operations ▲ 16% ▲ 17% ▲ 26% 301 314 337 EBITDA ▲ 28% ▲ 28% ▲ 37% EBITDA Margin 34% 32% 32% ▲ 319
Slide 10: Strong Performance across Revenue Segments
Strong Performance across Revenue Segments Consolidated (Ex-Branded Residences) Q2 RevPAR growth @ 21% supported by impetus of both Occupancy and ARR Q2 Occupancy & ARR (₹) ARR Q2 Revenue from Operations Occ% 71% 76% ₹ 983 Cr +17% 67% Rooms Revenue YoY 12800 5.9% 10700 11300 4.4% ₹ 501 Cr +22% +6% +
Slide 11: Sustained RevPAR Outperformance
Market Premium supporting Sustained RevPAR Outperformance Revenue & Profit growth India Portfolio at 1.4x of Industry RevPAR Industry* RevPAR ITC Hotels Ltd. RevPAR 70% 54% 44% 57% 50% 23% 3% 50% 30% 3% 53% India Hyderabad Goa Delhi Agra Chennai Ahmedabad Jaipur Bengaluru Mumbai Kolkata Data for Q2
Slide 12: Milestone H1: ₹2,000+ Crore Income
Milestone H1 : ₹ 2,000+ Crore Income ₹ crore H1 FY27 STANDALONE CONSOLIDATED CONSOLIDATED EX- BRANDED RESIDENCES OVERALL 1,796 1,990 2,101 Total Income ▲ 13% ▲ 14% ▲ 20% Revenue from 1,693 1,881 1,990 Operations ▲ 13% ▲ 14% ▲ 20% 563 595 630 EBITDA ▲ 19% ▲ 21% ▲ 28% EBITDA Margin 33% 32% 32% ▲ 192 b
Slide 13: ITC Ratnadipa: A Jewel in Colombo's Skyline
ITC Ratnadipa : A Jewel in Colombo’s Skyline WLPL Sri Lanka’s Economic Recovery ITC Ratnadipa 12 Consecutive Quarters of GDP Growth RevPAR Continues to Ramp Up Sri Lanka Real GDP growth YoY % RevPAR (LKR) For Qtr 2 5.0 5.3 5.5 4.7 5 5.3 4.8 5.1 4.3 4.0 4.2 2.0 -2.2 -10.6 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q
Slide 14: Sapphire Residences, Colombo – Progressive handover
Sapphire Residences, Colombo – Progressive handover WLPL Unique luxury apartments with interiors designed by Philippe Starck (YOO) Most Exclusive and Spacious Elevated living experience in Sri Lanka Located on the Galle Face Oceanfront Q2 FY27 Cumulative Status 4 Appts (20 k sqft.) 20 Appts (101 k s
Slide 15: Operational Excellence
Consolidated Operational Excellence (Ex-Branded Residences) Food & Bev. Cost (% of F&B Revenue) People Cost ^ (% of Revenue from Ops) 25% 25% 24% 24% Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 ^ People Cost includes payment to contractors Energy Cost (% of Revenue from Ops) Other Operating Cost (% of Revenue f
Slide 16: Improving Returns profile
Improving Returns profile Domestic Operating ROCE ~20% Key Growth Drivers +217 bps Stabilization of Owned Higher Yields & Cost Gestating Hotels Management 19.5% 17.3% Increasing Share of Value Accretive Management Fee Capital Deployment Sep'25 Sep'26 ‘Asset-Right’ Strategy continues to enhance retur
Slide 17: Trailblazer in Responsible Luxury
Trailblazer in Responsible Luxury 13th LEED® ZERO CARBON CERTIFICATION 25th LEED® PLATINUM CERTIFICATION ITC Narmada Welcomhotel Bay Island 17 Review : 2024-202517
Slide 18: Quality
Quality Net Promoter Score Response Rate Online Rating One of the Best NPS scores Active feedback High Customer in the Industry monitoring Satisfaction Rating 85 98% 4.8 98.98%60%) (Global Average (Global Average 58) (Global Average 4.2) (Luxury Global Average 62) (Luxury Global Average 61%) (Luxury
Slide 19: Marquee Awards – Q2 FY27
Marquee Awards – Q2 FY27 TRAVEL + LEISURE INDIA’S AVARTANA, ITC GRAND CHOLA, CHENNAI DELICIOUS DINING AWARDS 2026 FEATURES IN TATLER BEST 20 RESTAURANTS IN INDIA 2026 Best Service ITC Hotels Best South Indian Best Family Restaurant Avartana, Bukhara, ITC Grand Chola ITC Maurya 19 Review : 2025-2025
Slide 20: Key Growth Enablers
Key Growth Enablers ITC Grand Goa 20 Review : 2024-2025
Slide 21: Strategic Pillars
Strategic Pillars CONTINUED INVESTMENT TO ENHANCE BRAND ASSET RIGHT DIGITAL FIRST SUSTAINABILITY EMPLOYER OF CHOICE EQUITY • Brands & Marketing •Asset right approach to • Best in Class Guest • Responsible Luxury • Robust Talent Pool o Rooms accelerate growth experience Ethos across all brands • Stro
Slide 22: Current Footprint By 2031
Growing Footprint Existing Hotels Current Footprint 7 Hotels in pipeline 21 1 1 156 Operational Hotels 6 2 2 12 8 5 14,300+ Operational Keys 19 9 5 1 1 1 1 (Owned / Managed Mix By % Keys : 41% / 59% ) 7 12 2 1 2 12 6 3 6 2 7 5 1 3 2 By 2031 6 7 2 2 7 3 250 Operational Hotels 10 3 5 5 22,000+ Operati
Slide 23: Asset-Right Growth Algorithm
Asset-Right Growth Algorithm Dual Engines of Growth → Targeting Operating Footprint of 22,000+ keys by 2031 Owned Portfolio Managed Portfolio 5 ,8 00 + Ke ys → ~ 7 , 5 00 k e y s ~ 8 , 5 00 Ke y s → ~ 1 5 , 000 Ke y s ❖ Sweating of Existing Assets ❖ Accelerated Signings & Openings ❖ Stabilization of
Slide 24: Owned Portfolio: New Builds and Capacity Expansion
Owned Portfolio : New Builds and Capacity Expansion 5 Ongoing Projects 700+ Keys 2027 2028 2029 2030 Puri Visakhapatnam New Delhi Odisha Andhra Pradesh Delhi NCR NEW 118 Keys 200+ Keys 250+ Keys BUILDS Upper-Upscale Luxury Luxury Spiritual & leisure demand Commercial hub Largest MICE destination Bhu
Slide 25: Owned Portfolio: Recent Acquisitions
Owned Portfolio : Recent Acquisitions 2 Operating Hotels 200+ Keys ADDITION TO LAND BANK May’26 Sep’26 Jan’26 Yashobhoomi Complex, Delhi ~1 Acre, 91 Year Lease Oct’26 Lucknow ITC Kumarakom Welcomhotel Ahmedabad 2.8 Acres, 72 Keys 130 Keys Freehold Luxury Upper-Upscale ITC Kumarakom to be launched by
Slide 26: Managed Portfolio: Accelerated Growth with ~8,200 Keys
84 Managed Hotels in Pipeline Managed Portfolio : Accelerated Growth with ~8,200 Keys 68 Managed Hotels Signed in last 24 months (60%+ in Premium Segment) ACCELERATED YoY SIGNINGS 15 H1signings FY26 20 H1signings FY27 HIGHER MANAGEMENT FEES 30% H1FY27 YoY Consol. management fee growth Status as of 3
Slide 27: Sustainability 2.0
Sustainability 2.0 2022 2026 2030 REFERENCE YEAR ACHIEVED GOALS LEED® Zero All Owned 3 hotels 13 hotels Carbon Hotels Hotels LEED® Zero All Owned - 13 hotels Water Hotels Hotels 52.4 MW Renewable Energy LEED Platinum® All Owned Capacity 22 hotels 25 hotels Hotels Hotels Renewable < 50% 65% > 95% Ele
Slide 28: Annexures
Annexures 28 28
Slide 29: Standalone Financials Statement of Profit & Loss
Standalone Financials ₹ crore Statement of Profit & Loss Particulars Q2 FY26 Q2 FY27 YoY H1 FY26 H1 FY27 YoY Revenue From Operations 761 885 16% 1505 1693 13% Other Income 45 52 16% 84 103 23% Total Income 806 937 16% 1589 1796 13% Total Operating Expenses 527 584 11% 1033 1130 9% EBITDA 234 301 28%
Slide 30: Consolidated Financials Statement of Profit & Loss
Consolidated Financials ₹ crore Statement of Profit & Loss Particulars Q2 FY26 Q2 FY27 YoY H1 FY26 H1 FY27 YoY Revenue From Operations 839 1054 26% 1655 1990 20% Other Income 45 52 14% 90 110 23% Total Income 885 1106 25% 1745 2101 20% Total Operating Expenses 594 717 21% 1165 1360 17% EBITDA 246 33
Slide 31: Room Segment Snapshot
Room Segment Snapshot Q2 FY26 Q2 FY27 64% 59% 19% 21% 18% 14% 3% 2% Retail Contracted MICE + Weddings Crew For Owned Hotels (Consolidated) – Same Store 31 31
Slide 32: Strong Multi-channel Distribution Network
Strong Multi-channel Distribution Network Unit Reservations Website and App Guest Contact Centre 31% 25% 12% Online Travel Agents GDS 15% 17% Data for Q2 FY27 Owned Hotels (Consolidated) – Same Store 32 Q4FY25&FY25Results Review:2024-2025
Slide 33: Brand landscape
Brand landscape Operational Pipeline Total Brands Hotels | Keys Hotels | Keys Hotels | Keys 17 | 4,857 2 | 449 19 | 5,306 2 | 181 3 | 641 5 | 822 - 3 | 469 3 | 469 11 | 389 17 | 960 28 | 1,349 31 | 3,440 30 | 3,969 61 | 7,409 58 | 4,340 28 | 2,344 86 | 6,684 37 | 1,119 4 | 108 41 | 1,227 Total 156 |
Slide 34: THANK YOU
THANK YOU CLUBITC mcHOTES ev/Minos EPIQ A STORM FORTUNE