Itc Hotels Ltd · NSE:ITCHOTELS
Itc Hotels — Q3 FY26 Earnings Presentation
49 slides from Itc Hotels's earnings presentation, Jan 20, 2026
Slide 1: Q3 FY26 Results
Q3 FY26 Results 20th January 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 3 ITCReview Royal :Bengal, Kolkata 3 2024-2025
Slide 4: Macro Economic Stability
Macro Economic Stability Resilient Economic Growth India projected to lead in Per Capita GDP growth Real GDP Growth % FY25 FY26 GDP per Capita (Current Prices) CAGR CAGR - 2015 to 2025 Purchasing Power Parity CAGR - 2025 to 2030 +130 bps +260 bps +60 bps +90 bps 7.8% 8.2% 7.0% 7.4% 6.5% 6.4% 6.5% 5.
Slide 5: Travel & Tourism
Travel & Tourism Steady Demand continues in India Asia Pacific in Recovery Mode Foreign Tourist Arrivals in India KEY MONITORABLES Int’l Tourist Arrivals Growth (Jan to Sep) Change from 2019 Jan to Sep (in mn.) Total FTA FTA ex Bangladesh 33% Change from 2024 19% 7.7 10% 6% 4% 8% 6.4 6.9 2% 3% 5% 2%
Slide 6: Key Performance Highlights
Key Performance Highlights 6 ITC Kohenur, Hyderabad 6
Slide 7: Key Performance Highlights
Key Performance Highlights Highest ever Q3 Revenue and Profits • Consolidated Revenue from Operations at ₹ 1231 cr. up 21% • Consolidated PAT (before exceptional) at ₹ 307 cr. up 42% WelcomHotels Lanka (Private) Limited • Sapphire Residences deliveries commenced • ITC Ratnadipa turns EBITDA +ve on Y
Slide 8: Highest Ever Q3 Revenue & Profits Consolidated (Overall)
Highest Ever Q3 Revenue & Profits Consolidated (Overall) Q3 FY26 Particulars YTD Dec’25 ₹ 1231 Cr 21% Revenue from Operations ₹ 2886 Cr 15% ₹ 467 Cr 23% EBITDA ₹ 957 Cr 20% Up 26% on Comparable basis Up 25% on Comparable basis 38% 47 bps EBITDA Margin 33% 120 bps Up 150 bps on Comparable basis Up 25
Slide 9: Highest Ever Q3 Revenue & Profits Consolidated (Ex-Real Estate)
Highest Ever Q3 Revenue & Profits Consolidated (Ex-Real Estate) Q3 FY26 Particulars YTD Dec’25 ₹ 1149 Cr 13% Revenue from Operations ₹ 2804 Cr 12% ₹ 440 Cr 15% EBITDA ₹ 932 Cr 17% Up 19% on Comparable basis Up 22% on Comparable basis 38% 77 bps EBITDA Margin 33% 120 bps Up 180 bps on Comparable basi
Slide 10: Highest Ever Q3 Revenue & Profits Standalone
Highest Ever Q3 Revenue & Profits Standalone Q3 FY26 Particulars YTD Dec’25 ₹ 1052 Cr 12% Revenue from Operations ₹ 2557 Cr 11% ₹ 415 Cr 12% EBITDA ₹ 886 Cr 12% Up 15% on Comparable basis Up 16% on Comparable basis 39% EBITDA Margin 35% 10 bps Up 110 bps on Comparable basis Up 150 bps on Comparable
Slide 11: Growth Momentum Continues
Growth Momentum Continues Performance Metrics – Q3 Operating Revenue Segmentation – Q3 in ₹ RevPAR & Goly Occ% Room Rev F&B Rev Others 75% 73% 71% FY26 52% 40% 8% +12% +11% +9% FY25 52% 41% 7% 9100 10200 11400 FY24 52% 41% 7% FY24 FY25 FY26 Domestic Owned Hotels 11 Rounded off values Q4FY25&FY25Resu
Slide 12: Growth Momentum Continues
Growth Momentum Continues Performance Metrics – YTD Dec’25 Operating Revenue Segmentation – YTD Dec’25 in ₹ RevPAR & Goly Occ% Room Rev F&B Rev Others 73% 71% FY26 51% 40% 9% 65% +12% FY25 51% +11% 41% 8% +9% 7400 8200 9100 FY24 51% 41% 8% FY24 FY25 FY26 Domestic Owned Hotels 12 Rounded off values Q
Slide 13: ITC Ratnadipa: A Jewel in Colombo's Skyline
Recovery in Sri Lankan ITC Ratnadipa: A Jewel in Colombo’s Skyline Economy & Tourism Sector Sri Lanka Economy: Bright Prospects ITC Ratnadipa Scaling up Well Economy gaining Momentum Hotel continues its strong RevPAR growth 25.0 Real GDP Growth RevPAR (LKR) Inflation (CPI %) 4.3 6.0 5.0 5.0 1.4x 2.3
Slide 14: Sapphire Residences, Colombo
Sapphire Residences, Colombo Handover commenced 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 Q3 FY26 Revenue ₹ 82 Cr. PBT ₹ 26 Cr. 14 14 14
Slide 15: RevPAR Outperformance across Cities – YTD Nov'25
RevPAR Outperformance across Cities – YTD Nov’25 48% RevPAR Premium over Industry* Industry* RevPAR ITC Hotels RevPAR +86% +56% +48% +52% +20% +16% +28% +63% +21% +53% India Hyderabad Ahmedabad Goa Agra Chennai Jaipur Kolkata Bengaluru New Delhi Data for YTD Nov’25 (Owned Hotels) *Luxury, Upper Upsc
Slide 16: Strategic Investment: Land for Hotel at Yashobhoomi Complex, New Delhi
Strategic Investment: Land for Hotel at Yashobhoomi Complex, New Delhi Yashobhoomi ➢ Yashobhoomi Convention Centre is being developed on 221 Acres land at Dwarka, New Delhi by India International Convention and Exhibition Centre (IICC) Limited ➢ Close proximity to the IGI Airport, New Delhi ➢ Projec
Slide 17: Evolving Brand Portfolio
Evolving Brand Portfolio 2790 Keys signed in 2025 Key Milestone: 150+ Operating Hotels Accelerated New Hotel Signings YoY Focus on Expanding Geographical Footprint Hotel Keys of ITC Hotels Brand Portfolio Rishikesh Kevadia Jaisalmer +26% Siliguri Palampur Puri 2790 2222 Keys Kochi ECR, Chennai Mcleo
Slide 18: 'Storii' Reaches Key Milestone
‘Storii’ Reaches Key Milestone Portfolio reaches 22 Hotels with 1000+ Keys Storii Amoha, Dharamshala Storii Moira Riviera, Goa Handpicked Boutique Properties spread across top leisure destinations 7 Hill Hotels 5 Beach Hotels (~270 Keys) (~230 Keys) StoriiJaisalmer Storii Jaisalmer Storii Castle Kan
Slide 19: New Openings in Q3: Storii Naina Tikkar
New Openings in Q3: Storii Naina Tikkar Hilltop retreat set against the Churdhar peaks | 42 rooms and suites ~90 min drive from Chandigarh Airport 19 Review : 2024-2025
Slide 20: New Openings in Q3: Storii Castle Kanota, Jaipur
New Openings in Q3: Storii Castle Kanota, Jaipur 19th-century fort offering a rich glimpse into Rajasthan’s royal heritage 52 rooms and suites | 3 hrs drive from Delhi NCR 20 Review : 2024-2025
Slide 21: New Openings in Q3: Welcomhotel Bodh Gaya Hotel & Convention Centre
New Openings in Q3: Welcomhotel Bodh Gaya Hotel & Convention Centre Overlooking the Mahabodhi Temple 98 Keys & 2 Convention centres with 2000 pax & 500 pax capacities 21 Review : 2024-2025
Slide 22: New Openings in Q3: Fortune Select Siliguri
New Openings in Q3: Fortune Select Siliguri Perched in the foothills of the Eastern Himalayas | 70 rooms and suites Ideal for celebrations with versatile banqueting spaces 22 Review : 2024-2025
Slide 23: New Openings in Q3: WelcomHeritage Rishikesh
New Openings in Q3: WelcomHeritage Rishikesh A Sanctuary spread over 3.5 acres | 25 rooms and suites Ideal destination for wellbeing retreat | Spiritual excursions and adventure 23 Review : 2024-2025
Slide 24: New Openings in Q3: WelcomHeritage Akashganga Heritage Hills
New Openings in Q3: WelcomHeritage Akashganga Heritage Hills Located at Ratanpur Border, between Ahmedabad and Udaipur 41 rooms | Open-air dining spaces 24 Review : 2024-2025
Slide 25: World's Leading Sustainable Organisation
Jk ITC HOTELS LIMITED... THE WORLD’ ys ADING SUSTAINABLE ORGANISATION QA DB World's Leading World's Leading World's Leading Sustainable Employer Sustainable Food & + » Sustainable Marketing Nutrition Initiative j Campaign at the World Sustainable Travel & Hospitality Awards 2025
Slide 26: Driving Water Stewardship
Driving Water Stewardship 10th & 11th LEED® Zero Water Certification ITC Narmada Welcomhotel Bhubaneswar Leading Globally with highest LEED® Zero Water & LEED® Zero Carbon Certified Hotels Other Hotels: ITC Grand Chola, ITC Maratha, ITC Maurya, ITC Mughal, ITC Rajputana, ITC Sonar, ITC Kohenur, ITC
Slide 27: Global Recognition | Talent Management Initiatives
Global Recognition | Talent Management Initiatives World Sustainable Worldwide Hospitality EHL Biennial Travel & Hospitality Awards 2025 Conference 2025 Amongst the most prestigious global EHL Hospitality Business School, Lausanne Awards 2025 accolades, conducted by Hospitality ON, (#1 in the world)
Slide 28: Key Awards won in Q3 FY25-26
Key Awards won in Q3 FY25-26 2025 2025 2025 2025 2025 ITC Hotels Limited ITC Hotels Limited ITC Hotels Limited ITC Hotels Limited Welcomhotel World's Leading World's Leading World's Leading Pine N Peak, Sustainable World's Leading Sustainable Food & Sustainable Marketing Pahalgam Organisation Sustai
Slide 29: Operational Excellence
Operational Excellence 29 ITC Grand Bharat, Delhi NCR 29 Review : 2025-2025
Slide 30: ITC Hotels Awarded
Ak ITC HOTELS: ise AWARDED AS THE. “<a. nate” See
Slide 31: Guest Satisfaction Index
Guest Satisfaction Index Net Promoter Score Response Rate Online Rating One of the Best NPS scores Active feedback High Customer in the Industry monitoring Satisfaction Rating 83 99% 4.77 98.98% (Global Average 57) (Global Average 4.2) Data for YTD 31st Dec 2025; Global averages are for calendar yea
Slide 32: Operational Excellence (9 Months FY26)
Operational Excellence (9 Months FY26) Thrust on Improving Productivity | Efficiency Food & Bev. Cost (% of F&B Revenue) People Cost ^ (% of Revenue from Ops) 24.5% 23.6% 22.6% 22.3% YTD Dec'24 YTD Dec'25 YTD Dec'24 YTD Dec'25 Energy Cost (% of Revenue from Ops) Other Operating Cost^ (% of Revenue f
Slide 33: Active Asset Management
Active Asset Management Smart Renovations ITC Gardenia ITC Maurya ITC Grand Chola ITC Kakatiya 51 Keys 50 Keys 49 Keys 49 Keys ITC Sonar ITC Maratha Welcomhotel Bengaluru 48 Keys 47 Keys 40 Keys Welcomhotel Delhi – Gurugram Highway Review : 2024-202533
Slide 34: Key Growth Enablers
ITC Grand Goa Key Growth Enablers 34 Review : 2024-2025
Slide 35: 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 • Enhance Supremacy • Robust Talent Pool o Rooms accelerate growth experience across all brands • Communicati
Slide 36: Growing Hotels Footprint
Growing Hotels Footprint Existing Hotels Current Operating Footprint 7 Hotels in pipeline 21 150+ Hotels 6 1 10 9 5 14,000+ Keys 17 6 5 1 1 1 (Owned / Managed Mix By % Keys : 40% / 60% ) 7 8 1 1 13 3 3 4 2 7 5 3 1 By 2030 6 2 2 2 7 3 220 Hotels 10 3 5 6 20,000+ Keys 1 1 (Owned / Managed Mix By % Key
Slide 37: Driving Capital Efficient Growth
Driving Capital Efficient Growth Owned Hotels ► Significant headroom to drive RevPar growth ► ~15% Inventory < 5 years old, with significant headroom to grow ► ITC Ratnadipa, Colombo → significant contributor to Revenue & EBITDA going forward Epiq Collection, Puri* Welcomhotel Bhubaneshwar Upcoming
Slide 38: Strong Growth Enablers in Place
Strong Growth Enablers in Place Healthy Cash Reserves & Cash Generation to accelerate growth Capital Investments → Renovations | on-going Projects | new Greenfields & others - Estimated at c.8-10% of Revenue cumulatively Add to Strategic Land Bank for future projects Well positioned to execute selec
Slide 39: Accelerating Growth through Managed Hotels
Accelerating Growth through Managed Hotels Expansion of Welcomhotel Bhubaneshwar 101 Keys 5 Decades of Bouquet of Brands Sustainability Hospitality Expertise across Segments Leadership Welcomhotel Bodh Gaya Hotel & Convention Centre Food & Beverage Smart Revenue Strong Loyalty Supremacy Management &
Slide 40: Robust Growth Pipeline: 61 Hotels with 6100+ Keys
Robust Growth Pipeline: 61 Hotels with 6100+ Keys 1 Hotel 2 Hotels 3 Hotels 12 Hotels 17 Hotels 25 Hotels 1 Hotel 140 Keys 420 Keys 469 Keys 713 Keys 2360 Keys 2017 Keys 33 Keys ► High Quality of signed pipeline; High salience of Brownfield Assets • > 1 Hotel opening per month for next 24 months • L
Slide 41: 2030 Sustainability Goals
2030 Sustainability Goals Net Zero Carbon Goal LEED® Zero Carbon status for all Owned Hotels To exceed 2050 GHG sectoral emissions targets set as per COP 21 Waste Reduction Solid waste reuse / recycling > 99% Water Efficiency LEED® Zero Water Status for > 50% of Owned Hotels 40% reduction in fresh-w
Slide 42: ITC Hotels Poised For Next Horizon Of Growth
ITC Hotels Poised For Next Horizon Of Growth Committed to Long-term Value Creation Future Ready Climate Positive Consumer Centric Inclusive Responsible Luxury Strengthen Brand Portfolio ► Bold Sustainability 2.0 agenda ► Signature Cuisine Brands ► Bespoke service offerings Drive Scale & Profitabilit
Slide 43: Annexures
Annexures 43 43
Slide 44: Consolidated Financials
Consolidated Financials ₹ In Cr. Statement of Profit & Loss Particulars Q3 FY26 Q3 FY25 YoY YTD Dec'25 YTD Dec'24 YoY Revenue From Operations 1231 1015 21% 2886 2499 15% Other Income 50 15 139 28 Total Revenue 1280 1031 24% on a Comparable 3025 2527 20% on a Comparable basis basis Total Operating Ex
Slide 45: Standalone Financials
Standalone Financials ₹ In Cr. Statement of Profit & Loss Particulars Q3 FY26 Q3 FY25 YoY YTD Dec’25 YTD Dec’24 YoY Revenue From Operations 1052 939 12% 2557 2298 11% Other Income 45 11 129 18 Total Revenue 1098 950 16% on a Comparable 2686 2316 16% on a Comparable Total Operating Expenses 638 569 1
Slide 46: Room Segment Snapshot
Room Segment Snapshot Q3FY25 Q3FY26 62% 60% 23% 25% 13% 13% 2% 2% Retail Contracted MICE + Weddings Crew Robust Performance in MICE & Weddings Segment Data for Q3FY26 Domestic Owned Hotels 46 46
Slide 47: Strong Multi-channel Distribution Network
Strong Multi-channel Distribution Network Unit Reservations Website and App Guest Call Centre 33% 21% 14% Online Travel Agents GDS 15% 17% Data for Q3 FY26 Domestic Owned Hotels 47 Q4FY25&FY25Results Review:2024-2025
Slide 48: Brand landscape
Brand landscape Operational Pipeline Total Brands Hotels | Keys Hotels | Keys Hotels | Keys 16 | 4789 1 | 140 17 | 4929 2 | 181 2 | 420 4 | 601 - 3 | 469 3 | 469 10 | 374 12 | 713 22 | 1087 29 | 3252 17 | 2360 46 | 5612 59 | 4409 25 | 2017 84 | 6426 36 | 1065 1 | 33 37 | 1098 Total 152 | 14070 61 |
Slide 49: Thank You
Jk ITC HOTELS LIMITED THANK YOU