ITC Hotels Limited — Quarter and Twelve Months ended 31st March, 2026
The figures are in ₹ Crores.
| Particulars | 3 Months ended 31.03.2026 (Audited) | Corresponding 3 Months ended 31.03.2025 (Audited) | Preceding 3 Months ended 31.12.2025 (Unaudited) | Twelve Months ended 31.03.2026 (Audited) | Twelve Months ended 31.03.2025 (Audited) |
|---|---|---|---|---|---|
| Gross Revenue from sale of products and services (i) | 1017.28 | 973.43 | 1046.65 | 3555.45 | 3245.97 |
| Other operating revenue (ii) | 9.04 | 8.06 | 5.72 | 27.74 | 33.30 |
| REVENUE FROM OPERATIONS [(i) + (ii)] 1 | 1026.32 | 981.49 | 1052.37 | 3583.19 | 3279.27 |
| OTHER INCOME 2 | 47.99 | 35.37 | 45.24 | 177.32 | 53.72 |
| TOTAL INCOME (1+2) 3 | 1074.31 | 1016.86 | 1097.61 | 3760.51 | 3332.99 |
| a) Consumption of food, beverage, etc. | 85.94 | 83.25 | 95.15 | 328.97 | 318.76 |
| b) Employee benefits expense | 178.86 | 161.23 | 180.04 | 693.74 | 604.20 |
| c) Finance costs | 2.85 | 2.82 | 2.84 | 11.33 | 11.32 |
| d) Depreciation and amortization expense | 73.51 | 72.22 | 74.00 | 293.66 | 297.30 |
| e) Other expenses | 357.60 | 342.39 | 362.61 | 1270.18 | 1167.48 |
| TOTAL EXPENSES 4 | 698.76 | 661.91 | 714.64 | 2597.88 | 2399.06 |
| PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX (3-4) 5 | 375.55 | 354.95 | 382.97 | 1162.63 | 933.93 |
| EXCEPTIONAL ITEMS (Refer Note 6) 6 | 1.23 | – | (52.53) | (51.30) | – |
| PROFIT BEFORE TAX (5+6) 7 | 376.78 | 354.95 | 330.44 | 1111.33 | 933.93 |
| TAX EXPENSE 8 | 95.43 | 90.90 | 83.89 | 282.07 | 235.52 |
| a) Current Tax | 101.76 | 84.19 | 77.91 | 277.65 | 212.47 |
| b) Deferred Tax | (6.33) | 6.71 | 5.98 | 4.42 | 23.05 |
| PROFIT FOR THE PERIOD (7-8) 9 | 281.35 | 264.05 | 246.55 | 829.26 | 698.41 |
| OTHER COMPREHENSIVE INCOME 10 (i) Items that will not be reclassified to profit or loss | (17.76) | 0.94 | 0.82 | (17.76) | 0.93 |
| OTHER COMPREHENSIVE INCOME 10 (ii) Income tax relating to items that will not be reclassified to profit or loss | (23.73) | 1.26 | 1.10 | (23.73) | 1.24 |
| OTHER COMPREHENSIVE INCOME 10 (ii) Income tax relating to items that will not be reclassified to profit or loss (continued) | 5.97 | (0.32) | (0.28) | 5.97 | (0.31) |
| TOTAL COMPREHENSIVE INCOME (9+10) 11 | 263.59 | 264.99 | 247.37 | 811.50 | 699.34 |
| PAID UP EQUITY SHARE CAPITAL (Equity Shares of ₹ 1/- each) 12 | 208.30 | 208.12 | 208.29 | 208.30 | 208.12 |
| OTHER EQUITY 13 | – | – | – | 11684.00 | 10839.96 |
| EARNINGS PER SHARE (of ₹ 1/- each) (not annualised) 14 (a) Basic (₹) | 1.35 | 1.27 | 1.18 | 3.98 | 3.36 |
| EARNINGS PER SHARE (of ₹ 1/- each) (not annualised) 14 (b) Diluted (₹) | 1.35 | 1.27 | 1.18 | 3.98 | 3.35 |
| Particulars | STANDALONE As at 31st March, 2026 (Audited) | STANDALONE As at 31st March, 2025 (Audited) |
|---|---|---|
| A. ASSETS | ||
| 1. Non-current assets | ||
| (a) Property, Plant and Equipment | 5530.76 | 5661.25 |
| (b) Capital work-in-progress | 86.69 | 42.83 |
| (c) Other Intangible assets | 14.98 | 13.92 |
| (d) Intangible assets under development | 0.71 | 1.92 |
| (e) Right-of-use assets | 179.86 | 182.30 |
| (f) Financial Assets (i) Investments | 5123.40 | 4535.56 |
| (f) Financial Assets (ii) Others | 502.99 | 2.86 |
| (g) Other non-current assets | 233.31 | 119.32 |
| Non-current assets | 11672.70 | 10559.96 |
| 2. Current assets | ||
| (a) Inventories | 40.18 | 37.46 |
| (b) Financial Assets (i) Investments | 667.20 | 80.00 |
| (b) Financial Assets (ii) Trade receivables | 149.11 | 188.76 |
| (b) Financial Assets (iii) Cash and cash equivalents | 31.13 | 22.69 |
| (b) Financial Assets (iv) Bank Balances other than (iii) above | 700.01 | 1477.65 |
| (b) Financial Assets (v) Loans | 0.31 | 0.21 |
| (b) Financial Assets (vi) Others | 44.73 | 61.11 |
| (c) Other current assets | 86.51 | 94.33 |
| Current assets | 1719.18 | 1962.21 |
| Total Assets | 13391.88 | 12522.17 |
| B. EQUITY AND LIABILITIES | ||
| Equity (a) Equity Share capital | 208.30 | 208.12 |
| Equity (b) Other Equity | 11684.00 | 10839.96 |
| Equity | 11892.30 | 11048.08 |
| LIABILITIES 1. Non-current liabilities | ||
| (a) Financial Liabilities (i) Lease liabilities | 127.38 | 126.00 |
| (a) Financial Liabilities (ii) Other financial liabilities | 10.49 | 10.95 |
| (b) Provisions | 32.92 | 25.18 |
| (c) Deferred tax liabilities (Net) | 414.86 | 416.41 |
| (d) Other non-current liabilities | 18.09 | 10.23 |
| Non-current liabilities | 603.74 | 588.77 |
| 2. Current liabilities | ||
| (a) Financial Liabilities (i) Lease liabilities | 0.63 | 0.58 |
| (a) Financial Liabilities (ii) Trade payables Total outstanding dues of micro and small enterprises | 12.58 | 13.39 |
| (a) Financial Liabilities (ii) Trade payables Total outstanding dues of creditors other than micro and small enterprises | 345.20 | 366.27 |
| (a) Financial Liabilities (iii) Other financial liabilities | 110.07 | 116.33 |
| (b) Other current liabilities | 362.16 | 372.27 |
| (c) Provisions | 59.62 | 9.25 |
| (d) Current Tax Liabilities (Net) | 5.58 | 7.23 |
| Current liabilities | 895.84 | 885.32 |
| Total Equity and Liabilities | 13391.88 | 12522.17 |
| Description | For the year ended 31st March, 2026 | For the year ended 31st March, 2025 |
|---|---|---|
| A. Cash Flow from Operating Activities PROFIT BEFORE TAX | 1111.33 | 933.93 |
| ADJUSTMENTS FOR: Depreciation and amortization expense | 293.66 | 297.30 |
| ADJUSTMENTS FOR: Share based payments to employees | 0.54 | 0.13 |
| ADJUSTMENTS FOR: Finance costs | 11.33 | 11.32 |
| ADJUSTMENTS FOR: Interest Income | (151.23) | (45.82) |
| ADJUSTMENTS FOR: Dividend Income | (3.81) | (3.21) |
| ADJUSTMENTS FOR: Loss on sale of property, plant and equipment – Net | 8.28 | 5.09 |
| ADJUSTMENTS FOR: Doubtful and bad debts | (0.07) | (0.27) |
| ADJUSTMENTS FOR: Doubtful and bad advances, loans and deposits | 0.11 | – |
| ADJUSTMENTS FOR: Net gain arising on financial instruments measured at fair value through profit or loss | (18.07) | (4.28) |
| ADJUSTMENTS FOR: Foreign currency translations and transactions – Net | (1.22) | 0.24 |
| ADJUSTMENTS FOR: (subtotal) | 139.52 | 260.50 |
| OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES | 1250.85 | 1194.43 |
| ADJUSTMENTS FOR: Trade receivables, advances and other assets | 67.94 | (47.98) |
| ADJUSTMENTS FOR: Inventories | (2.72) | (5.98) |
| ADJUSTMENTS FOR: Trade payables, other liabilities and provisions | 20.86 | (5.62) |
| ADJUSTMENTS FOR: (subtotal) | 86.08 | (59.58) |
| CASH GENERATED FROM OPERATIONS | 1336.93 | 1134.85 |
| Income tax paid (net of refunds) | (279.31) | (205.15) |
| NET CASH FROM OPERATING ACTIVITIES | 1057.62 | 929.70 |
| B. Cash Flow from Investing Activities Purchase of property, plant and equipment, intangibles etc. | (335.52) | (206.40) |
| B. Cash Flow from Investing Activities Sale of property, plant and equipment | 1.67 | 3.15 |
| B. Cash Flow from Investing Activities Purchase of current investments | (2830.16) | (1249.09) |
| B. Cash Flow from Investing Activities Sale / redemption of current investments | 2262.25 | 1173.37 |
| B. Cash Flow from Investing Activities Investment in subsidiaries | – | (334.98) |
| B. Cash Flow from Investing Activities Purchase of non-current investments | (589.19) | (350.55) |
| B. Cash Flow from Investing Activities Dividend received | 3.81 | 3.21 |
| B. Cash Flow from Investing Activities Interest received | 145.29 | 20.10 |
| B. Cash Flow from Investing Activities Investment in bank deposits (original maturity more than 3 months) | (1200.00) | (1475.03) |
| B. Cash Flow from Investing Activities Redemption / maturity of bank deposits (original maturity more than 3 months) | 1477.64 | 81.50 |
| B. Cash Flow from Investing Activities Loans (given) / recovered | (0.10) | 0.19 |
| NET CASH USED IN INVESTING ACTIVITIES | (1064.31) | (2334.53) |
| C. Cash Flow from Financing Activities Proceeds from issue of share capital | 26.82 | – |
| C. Cash Flow from Financing Activities Principal payment of lease liabilities | (0.36) | (0.33) |
| C. Cash Flow from Financing Activities Interest paid | (11.33) | (11.32) |
| C. Cash Flow from Financing Activities Adjustment pursuant to the Scheme (Refer note 2) | – | 1436.61 |
| NET CASH FROM FINANCING ACTIVITIES | 15.13 | 1424.96 |
| NET INCREASE IN CASH AND CASH EQUIVALENTS | 8.44 | 20.13 |
| OPENING CASH AND CASH EQUIVALENTS | 22.69 | 2.56 |
| CLOSING CASH AND CASH EQUIVALENTS | 31.13 | 22.69 |
| Particulars | 3 Months ended 31.03.2026# (Audited) | Corresponding 3 Months ended 31.03.2025# (Audited) | Preceding 3 Months ended 31.12.2025 (Unaudited) | Twelve Months ended 31.03.2026 (Audited) | Twelve Months ended 31.03.2025 (Audited) |
|---|---|---|---|---|---|
| Gross Revenue from sale of products and services (i) | 1243.88 | 1052.24 | 1224.27 | 4109.12 | 3525.86 |
| Other operating revenue (ii) | 9.82 | 8.38 | 6.41 | 30.28 | 33.95 |
| REVENUE FROM OPERATIONS [(i)+(ii)] 1 | 1253.70 | 1060.62 | 1230.68 | 4139.40 | 3559.81 |
| OTHER INCOME 2 | 52.75 | 38.19 | 49.60 | 191.94 | 66.30 |
| TOTAL INCOME (1+2) 3 | 1306.45 | 1098.81 | 1280.28 | 4331.34 | 3626.11 |
| a) Consumption of food, beverage, etc. | 98.18 | 94.61 | 108.03 | 374.24 | 363.15 |
| b) Real estate development cost | 84.34 | – | 54.20 | 138.54 | – |
| c) Employee benefits expense | 202.60 | 181.97 | 203.66 | 782.89 | 692.51 |
| d) Finance costs | 2.17 | 1.68 | 2.19 | 7.93 | 6.64 |
| e) Depreciation and amortization expense | 105.78 | 99.80 | 104.21 | 416.51 | 402.35 |
| f) Other expenses | 402.28 | 371.75 | 397.73 | 1419.95 | 1293.27 |
| TOTAL EXPENSES 4 | 895.35 | 749.81 | 870.02 | 3140.06 | 2757.92 |
| SHARE OF PROFIT / (LOSS) OF ASSOCIATES AND JOINT VENTURE 5 | 3.43 | 4.52 | 0.87 | 11.87 | 15.87 |
| PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX (3-4+5) 6 | 414.53 | 353.52 | 411.13 | 1203.15 | 884.06 |
| EXCEPTIONAL ITEMS (Refer Note 5) 7 | 3.83 | – | (84.00) | (80.17) | – |
| PROFIT BEFORE TAX (6+7) 8 | 418.36 | 353.52 | 327.13 | 1122.98 | 884.06 |
| TAX EXPENSE 9 | 100.93 | 95.67 | 90.30 | 301.72 | 246.42 |
| a) Current Tax | 105.86 | 87.46 | 82.68 | 290.46 | 220.79 |
| b) Deferred Tax | (4.93) | 8.21 | 7.62 | 11.26 | 25.63 |
| PROFIT FOR THE PERIOD (8-9) 10 | 317.43 | 257.85 | 236.83 | 821.26 | 637.64 |
| OTHER COMPREHENSIVE INCOME (i) Items that will not be reclassified to profit or loss | (23.76) | 1.00 | 1.07 | (23.85) | 0.80 |
| OTHER COMPREHENSIVE INCOME (ii) Income tax relating to items that will not be reclassified to profit or loss | 5.96 |