The group said it continues to monitor the finalisation of rules by the government and other related aspects of the New Labour Codes and will appropriately account for such changes, if required.
| Photo Credit: Reuters
ITC Hotels on Tuesday (January 20, 2026) reported a 9.64% rise in consolidated net profit to ₹236.83 crore for the third quarter ended December on higher revenue.
The company had earned a net profit of ₹216 crore a year ago.
During the quarter under review, ITC Hotel’s revenue from operations stood at ₹1,230.68 crore compared to ₹1,015.40 crore, a regulatory filing showed.
Its total expenses shot up to ₹870.02 crore in the third quarter from ₹740.41 crore reported for the same period of the last financial year.
Under the exceptional items, the hospitality firm estimated a one-time impact of ₹55.42 crores on account of the Ministry of Labour & Employment bringing into force new labour codes in November last year.
The group said it continues to monitor the finalisation of rules by the government and other related aspects of the New Labour Codes and will appropriately account for such changes, if required.
It also estimated a net loss of ₹28.58 crore on account of inventory damaged due to Cyclone Ditwah in Sri Lanka, for which an insurance survey is in process.
In a statement, ITC Hotels said it is partnering with asset owners to widen its reach in Tier-II and Tier-III cities on the back of rising demand for premium hospitality offerings.
During the quarter, the company expanded its footprint by opening new hotels in Bodh Gaya, Rishikesh, Siliguri, Sirmaur, Dungarpur, and Jaipur.
In 2025, the company signed 28 hotels with 2,790 keys (growth of 26% over the previous year). It also achieved the milestone of crossing 150 operational hotels with over 14,000 keys during the third quarter.
“Recent policy measures, including GST rate rationalisation and monetary easing, are expected to sustain discretionary consumer spending in the near term. The structural supply-demand imbalance in the hospitality sector is likely to persist in the medium to long term, with demand, particularly in premium and leisure segments, continuing to outpace available inventory.
“Going forward, the industry outlook remains positive, supported by sustained consumption trends, positive market sentiment, and broad-based growth across segments,” ITC Hotels stated.
Published – January 21, 2026 12:15 am IST
