1. Opening Hook
While airlines were busy cancelling flights in December and blaming “operational reasons,” ITC Hotels Limited was busy minting money.
Q3 FY26 turned out to be one long shaadi season with no last-call announcement. Highest-ever revenue, highest-ever profits, and management sounding like they finally found the cheat code for hospitality margins.
Occupancy went up, room rates went up, profits sprinted ahead, and even Sri Lanka decided to behave for once. Add sustainability awards, luxury trophies, and a 91-year land lease in Delhi, and suddenly this isn’t just a hotel company—it’s a victory lap.
But don’t get too comfortable. Behind the champagne and canapé counters, there are capex plans, asset-right ambitions, and margin assumptions doing quiet gymnastics.
Read on. It gets more interesting once the gloss wears off 😏
2. At a Glance
- Revenue up 21% to ₹1,231 cr – Turns out weddings are recession-proof.
- EBITDA up 23% to ₹467 cr – Cost control finally checked into the room.
- PAT (BEI) up 42% to ₹307 cr – Profits clearly RSVP’d early.
- EBITDA margin at 38% – Luxury pricing, economy discipline. Rare combo.
- RevPAR up 13% – Guests paid more and still came back smiling.
- 150+ hotels milestone crossed – Asset-right strategy quietly doing heavy lifting.
3. Management’s Key Commentary
“We delivered the highest ever Q3 revenue and profits.”
(Translation: Please zoom in on the YoY slide. Thank you. 😌)
“RevPAR premium over industry stood at 48%.”
(Translation: Our rooms don’t compete, they intimidate.)
“EBITDA margins expanded driven by operating leverage.”
(Translation: Fixed costs cried, revenue didn’t.)
“ITC Ratnadipa, Colombo
