ITC Hotels shares surged as much as 8 per cent in trade on Monday as the company declared it September quarter earnings (Q2FY27).

ITC Hotels shares opened on a flat note at ₹156 and remained in a range before changing its course to hit a high of ₹168.50, up 7.85 per cent, as soon as the Q2 numbers were announced.

According to exchange filing, ITC Hotels reported 52 per cent Y-o-Y rise in its consolidated net profit to ₹201.02 crore for the second quarter. The company had earned a net profit of ₹132.77 crore in the same quarter a year ago.

Its consolidated revenue from operations stood at ₹1,054.14 crore in Q2FY27, up 26 per cent from ₹839.48 crore reported in Q2FY26.

Ebitda in the reporting three-month period inched higher by 37 per cent to ₹337 crore. Ebitda margin (ex-Branded Residences) expanded by 263 bps to 32 per cent in Q2FY27 from 29.3 per cent in Q2FY26.

ITC Hotels Q2 RevPAR

Occupancy rose 481 bps to 76 per cent and ADRs grew 14 per cent, resulting in overall RevPAR growth of 21 per cent Y-o-Y in Q2 of FY2027.

The Food & Beverage (F&B) revenue grew 12 per cent Y-o-Y, led by Speciality restaurants, lounges & bars and banqueting.  The Management and Operating Fees increased by 25 per cent Y-o-Y, reflecting the continued scale-up and stabilisation of the managed portfolio.

ITC Ratnadipa turns Ebitda positive 

ITC Ratnadipa, the company said, continued to register strong revenue growth, with Q2 RevPAR at 1.8x over FY25 levels while sustaining its leadership position in RevPAR. The hotel delivered positive Ebitda during the quarter, and for the half year. 

During H1FY27, the company said that it signed 20 hotels with over 1,600 keys, expanding its managed pipeline to 84 hotels with ~8,200 keys. 

Meanwhile, the board of ITC Hotels has approved the incorporation of a wholly-owned subsidiary in Dubai, subject to receipt of the necessary regulatory approvals. It will be engaged in the business of operating hotels and restaurants, and other related activities.