ITC Hotels Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹35,514 Cr
- P/E
- 38.54
- ROE
- 7.89%
- Price to sales
- 8.36
- Debt to equity
- 0.01
- 52W high / low
- ₹218 / ₹138
- EBITDA margin
- 34.54%
- Net profit margin
- 21.41%
- Promoter holding
- 39.85%
- Sales (last year)
- ₹4,260 Cr
ITC Hotels is an Indian hospitality company that operates and manages hotels, with over 200 hotels. It has a franchise agreement to operate most of its hotels as part of The Luxury Collection of Marriott International. It operates hotels across 90+ destinations under brands like ITC Hotels, Mementos, Epiq Collection Storii, Welcomhotel, Fortune, and Welcome Heritage.[1][2]
Potential multibaggers · Q2 FY27
Potential multibaggers in Leisure Services
on management's own guidance
- Jubilant Foodworks LtdGood growth2
- Landmark GlobalGood growth1
- Leela Palaces HotelsGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Leisure Services companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Landmark Global | 20–40% | Up 2%+ | ₹19 Cr | — |
| 2 | Jubilant Foodworks Ltd | 20–40% | Flat | ₹27,836 Cr | 73.0 |
| 3 | Leela Palaces Hotels | 20–40% | Flat | ₹21,182 Cr | 45.2 |
| 4 | 20–40% | Flat | ₹6,398 Cr | 471.0 | |
| 5 | 20–40% | Flat | ₹6,138 Cr | 51.7 | |
| 6 | 20–40% | Flat | ₹4,159 Cr | 17.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Leisure Services rankingFinancials of ITC Hotels
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
ITC Hotels
Shareholding breakup across reporting periods.
| Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Promoters + | 39.88% | 39.87% | 39.85% | 39.85% | 39.85% | 39.85% | 39.85% |
| FIIs + | 25.37% | 25.36% | 25.49% | 16.10% | 14.58% | 11.61% | 11.63% |
| DIIs + | 21.60% | 20.61% | 20.21% | 21.13% | 21.46% | 23.98% | 23.56% |
| Government + | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| Public + | 13.11% | 14.11% | 14.43% | 22.90% | 24.10% | 24.53% | 24.95% |
| No. of Shareholders | 25,73,732 | 24,89,470 | 24,18,413 | 23,68,215 | 23,25,723 | 22,86,422 | 22,41,153 |
Financials of ITC Hotels
Quarterly Results
Quarter-by-quarter operating performance
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 706 | 778 | 1,015 | 1,061 | 816 | 839 | 1,231 | 1,254 | 936 | 1,054 |
| Expenses + | 500 | 566 | 635 | 648 | 571 | 594 | 764 | 787 | 644 | 717 |
| Operating Profit | 206 | 212 | 381 | 412 | 245 | 246 | 467 | 466 | 292 | 337 |
| OPM % | 29% | 27% | 37% | 39% | 30% | 29% | 38% | 37% | 31% | 32% |
| Other Income + | 14 | 7 | 19 | 43 | 48 | 49 | -34 | 60 | 62 | 55 |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 95 | 104 | 104 | 100 | 102 | 104 | 104 | 106 | 104 | 112 |
| Profit before tax | 123 | 114 | 294 | 354 | 189 | 189 | 327 | 418 | 248 | 278 |
| Tax % | 29% | 33% | 27% | 27% | 29% | 29% | 28% | 24% | 27% | 27% |
| Net Profit + | 87 | 77 | 216 | 258 | 134 | 133 | 237 | 317 | 182 | 203 |
| EPS in Rs | 1.23 | 0.64 | 0.64 | 1.13 | 1.52 | 0.87 | 0.97 |
Financials of ITC Hotels
Profit & Loss
Annual income statement trend
| Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|
| Sales + | 2,224 | 3,560 | 4,139 | 4,475 |
| Expenses + | 1,454 | 2,307 | 2,660 | 2,911 |
| Operating Profit | 771 | 1,253 | 1,480 | 1,563 |
| OPM % | 35% | 35% | 36% | 35% |
| Other Income + | 16 | 77 | 115 | 144 |
| Interest | 20 | 44 | 55 | 9 |
| Depreciation | 201 | 402 | 417 | 427 |
| Profit before tax | 565 | 884 | 1,123 | 1,272 |
| Tax % | 25% | 28% | 27% | |
| Net Profit + | 424 | 638 | 821 | 939 |
| EPS in Rs | 3.05 | 3.92 | 4.49 | |
| Dividend Payout % | -0% | -0% | 26% |
Financials of ITC Hotels
Balance Sheet
Capital structure and asset base
| Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|
| Equity Capital | 83 | 208 | 208 | 208 |
| Reserves | 8,415 | 10,484 | 11,450 | 11,531 |
| Borrowings + | 74 | 73 | 74 | 84 |
| Other Liabilities + | 1,617 | 1,707 | 1,748 | 1,837 |
| Total Liabilities | 10,188 | 12,472 | 13,480 | 13,660 |
| Fixed Assets + | 6,436 | 8,189 | 8,089 | 8,360 |
| CWIP | 1,768 | 158 | 207 | 201 |
| Investments | 204 | 676 | 1,956 | 1,597 |
| Other Assets + | 1,780 | 3,449 | 3,229 | 3,501 |
| Total Assets | 10,188 | 12,472 | 13,480 | 13,660 |
Financials of ITC Hotels
Cash Flows
Operating, investing and financing cash movement
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Cash from Operating Activity + | 672 | 801 | 1,110 |
| Cash from Investing Activity + | -753 | -2,203 | -1,174 |
| Cash from Financing Activity + | 127 | 1,430 | 19 |
| Net Cash Flow | 47 | 27 | -46 |
| Free Cash Flow | 22 | 419 | 701 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 116% | 81% | 95% |
Financials of ITC Hotels
Ratios
Working capital efficiency and return ratios
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Debtor Days | 24 | 21 | 20 |
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 24 | 21 | 20 |
| Working Capital Days | 48 | 48 | 43 |
| ROCE % | 10% | 11% |
Momentum score · price trend
26 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −23.4% | 34% |
| Last 6 months | +4.1% | 62% |
| Last 3 months | +3.0% | 72% |
The price is 34.4% below its all-time high of ₹254.75 (18 Jul 2025). Stocks more than 20% below their peak have their score halved, so 53 became 26.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For ITC Hotels: 0.4 × 34 + 0.4 × 62 + 0.2 × 72 = 53, halved to 26 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What ITC Hotels's management said in earlier quarters
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