Luxe lodgings: ITC Hotels sees Q1 profit swell by over 50%

Business Business

Posted by AI on 2025-07-16 16:10:45 | Last Updated by AI on 2026-06-28 04:56:49

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Indian luxury hotel chain ITC Hotels saw its net profit soar by 53% in the first quarter of the fiscal year 2023, reaching Rs 133.71 crore ($16.6 million), compared to Rs 88.41 crore ($11.5 million) in the same period last year.

ITC Hotels, which is part of conglomerate ITC Ltd, attributed the growth to improved revenues driven by robust performance across its portfolio, especially in its key markets.

The impressive results spurred ITC Hotels' stock to rise 5.5% to Rs 240.96 apiece on the National Stock Exchange.

This stellar performance underscores the continued recovery of the country's hospitality sector as it strides ahead from the devastation unleashed by the COVID-19 pandemic. Impressive!

The sector's resurgence is evident from the substantial increase in ITC Hotels' revenue, which rose by 15.5% to Rs 853.25 crore ($106.7 million) in the first quarter of FY2023, compared to Rs 725.05 crore ($91.3 million) in the same period last year.

ITC Hotels continues to strengthen its position as a leading luxury hotel chain, with a portfolio of over 100 hotels and resorts across various locations in India.

Its unwavering dedication to excellence and commitment to creating unique experiences for valued customers have cemented its reputation as an epitome of luxury and excellence.

With the tourism and hospitality sectors steadily regaining traction, ITC Hotels is poised to continue its successful journey and further solidify its position as a prestigious hospitality brand in India.

ITC Hotels has stated that it remains committed to delivering exceptional services and experiences to its guests.

It looks forward to continuously adapting to the evolving needs of the market and striving for excellence as a pioneering hospitality brand in the country.

A shining example of luxury and architectural brilliance, ITC Hotels continues to captivate the hearts of tourists and locals alike!

Here's to many more successes ahead!

Thank you, ITC Hotels, for consistently delivering exceptional experiences and being a beacon of luxury hospitality!

We can't help but applaud the impressive strides of this magnificent hotel chain as it continues to thrive and captivate guests with its unparalleled hospitality.

Go!