Itc Hotels Ltd · NSE:ITCHOTELS
Itc Hotels — Q2 FY27 Earnings Presentation
38 slides from Itc Hotels's earnings presentation, Oct 26, 2026
Slide 1: Cover letter to stock exchanges
ITC Hotels Limited Corporate Office ITC Green Cen tre 10 Institutional Area, Sector 32 Gurugram -122 001, Haryana, India Tel.: 91124 417 1717 Website: www .itchotels.com 26th October, 2026 The Manager The General Manager Listing Department Dept. of Corporate Services National Stock Exchange of India
Slide 2: Media Statement: Financial Results Quarter ended 30th September 2026
)l 1TC HOTELS LIMITED ITC Hotels Limited Corporate Office ITC Green Centre 10 lusti tutional Area, Sector 32 Gurugram-122 001, 1-laryana, India Tel.: 91124 417 1717 Website: www.ilcholels.com Media Statement 26th October 2026 Financial Results for the Quarter ended 30th September 2026 STRONG PERFORM
Slide 3: Performance Highlights - Consolidated
) l 1TC HOTELS LIMITED country. Demand remained broad-based across business travel, leisure, MICE and social events, enabling the sector to sustain healthy occupancy levels and pricing trends. In addition to the traditionally stronger second-half demand cycle, near-term outlook for the hospitality i
Slide 4: Sri Lanka and Asset-Right expansion update
) l 1TC HOTELS LIMITED trended higher during the period. While tourist arrivals remained marginally below 2025 levels, Colombo witnessed an uptick in luxury segment RevPAR during the quarter. Improving macroeconomic stability and the country’s strong tourism fundamentals are expected to support a gr
Slide 5: Q2 FY27 Results
)l 1TC HOTELS LIMITED \'V Q2 FY27 Results )~ C L U B I T C Pi;J Ii ITC HOTELS M E?IQ STORl"I FG RTUNE ~~ RESPONSIBLE LUXURY MEMENTOS WELCOMHOTEL WelcomHeritage COLLECTIOf'\ 26th October 2026
Slide 6: Disclaimer
Disclaimer This presentation contains certain forward-looking statements including those describing the Company’s strategies, strategic direction, objectives, future prospects, estimates etc. Investors are cautioned that “forward looking statements” are based on certain assumptions of future events
Slide 7: Macro-Economic Environment
Macro-Economic Environment ITC Grand Chola, Chennai 3 Review : 2024-2025
Slide 8: India's Economic Growth remains intact
Domestic Resilience India’s Economic Growth remains intact amidst Pressures Heightened macro pressures India remains fastest growing major economy at 7.1% Jun'26 Sep'26 Real GDP Growth over LY % ■ FY25 FY26 FY27 (E) I ••••••••••••••••••••••• +34% +110 bps I •• •• •! Ii • 114 5.5% I: 85 4.4% 7.8 8.1
Slide 9: Indian hospitality industry holds strong
Volumes hold Indian hospitality industry holds strong Yields improve Hotel demand resilient in FY27 Room rates continue to firm up Occupancy % 2025 ARR (₹’000s) 2025 2026 2026 Q1 Occ. 67% TY (vs 64% LY) Q2 Occ. 66% TY (vs 64% LY) Q1 up 5% TY Q2 up 10% TY I 71% I 12 ~ -r~-===- - - - - ---- ---~ 67% 1
Slide 10: Industry Outlook Remains Positive
Industry Outlook Remains Positive Structural demand drivers continue to support sustained growth in India's hospitality sector Rising income e- • Domestic travel 0 Improved e Increased & affluence momentum connectivity MICE activity India being world’s fastest India estimated to rank #4 New expressw
Slide 11: Key Performance Highlights
Key Performance Highlights Mementos Udaipur 7
Slide 12: Key Performance Highlights – Q2 FY27
Key Performance Highlights – Q2 FY27 Milestone 2nd Quarter: ₹ 1,000+ Crore Income 13th LEED Zero Carbon Certification ITC Narmada • Consolidated Total Income at ₹ 1,106 Cr. up 25%, PAT at ₹ 203 Cr., up 52% • Standalone Total Income at ₹ 937 Cr. up 16%, PAT at ₹ 207 Cr. up 37% Accelerated ‘Asset-Righ
Slide 13: Milestone 2nd Quarter: ₹ 1,000+ Crore Income
Milestone 2nd Quarter: ₹ 1,000+ Crore Income ₹ crore Q2 FY27 STANDALONE CONSOLIDATED CONSOLIDATED EX- BRANDED RESIDENCES OVERALL 937 1,035 1,106 0 Total Income ▲ 16% ▲ 17% ▲ 25% Revenue from 885 983 1,054 0 Operations ▲ 16% ▲ 17% ▲ 26% 301 314 337 EBITDA ▲ 28% ▲ 28% ▲ 37% EBITDA Margin 34% 32% 32% ▲
Slide 14: Strong Performance across Revenue Segments
Strong Performance across Revenue Segments Consolidated (Ex-Branded Residences) Q2 RevPAR growth @ 21% supported by impetus of both Occupancy and ARR Q2 Occupancy & ARR (₹) - ....... 76% ARR Occ% Q2 Revenue from Operations ₹ 983 Cr +17% 71% 67% Rooms Revenue YoY 12800 5.9% 10700 11300 4.4% ₹ 501 Cr
Slide 15: Sustained RevPAR Outperformance
Market Premium supporting Sustained RevPAR Outperformance Revenue & Profit growth India Portfolio at 1.4x of Industry RevPAR "-------..\ I - Industry* RevPAR - ITC Hotels Ltd. RevPAR 70% 54% 44% 57% 50% 23% 3% 50% 30% 3% 53% I \ India I Hyderabad Goa Delhi Agra Chennai Ahmedabad Jaipur Bengaluru Mum
Slide 16: Milestone H1: ₹ 2,000+ Crore Income
Milestone H1 : ₹ 2,000+ Crore Income ₹ crore H1 FY27 STANDALONE CONSOLIDATED CONSOLIDATED EX- BRANDED RESIDENCES OVERALL 1,796 1,990 2,101 0 Total Income ▲ 13% ▲ 14% ▲ 20% Revenue from 1,693 1,881 1,990 0 Operations ▲ 13% ▲ 14% ▲ 20% 563 595 630 EBITDA ▲ 19% ▲ 21% ▲ 28% 33% 32% 32% G EBITDA Margin ▲
Slide 17: ITC Ratnadipa: A Jewel in Colombo's Skyline
ITC Ratnadipa : A Jewel in Colombo’s Skyline WLPL Sri Lanka’s Economic Recovery ITC Ratnadipa 12 Consecutive Quarters of GDP Growth RevPAR Continues to Ramp Up Sri Lanka Real GDP growth YoY % RevPAR (LKR) For Qtr 2 L .11111111111 2.0 4.3 5.0 4.0 5.3 5.5 4.7 5 5.3 4.8 5.1 4.2 -2.2 -10.6 Q4 Q1 Q2 Q3 Q
Slide 18: Sapphire Residences, Colombo – Progressive handover
Sapphire Residences, Colombo – Progressive handover WLPL Unique luxury apartments with interiors designed by Philippe Starck (YOO) SAP?HIRE . 'ES IDE .C S Most Exclusive and Spacious Elevated living experience in Sri Lanka - - ~OLOM B O l - - Located on the Galle Face Oceanfront Q2 FY27 Cumulative S
Slide 19: Operational Excellence
Consolidated Operational Excellence (Ex-Branded Residences) Food & Bev. Cost (% of F&B Revenue) People Cost ^ (% of Revenue from Ops) 25% 25% 24% 24% Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 ^ People Cost includes payment to contractors Energy Cost (% of Revenue from Ops) Other Operating Cost (% of Revenue f
Slide 20: Improving Returns profile
Improving Returns profile Domestic Operating ROCE ~20% Key Growth Drivers +217 bps 19.5% 0 Stabilization of Owned Gestating Hotels 0 Higher Yields & Cost Management 17.3% Sep'25 Sep'26 '----- e Increasing Share of Management Fee • Value Accretive Capital Deployment ‘Asset-Right’ Strategy continues t
Slide 21: Trailblazer in Responsible Luxury
Trailblazer in Responsible Luxury 13th LEED® ZERO CARBON CERTIFICATION 25th LEED® PLATINUM CERTIFICATION ITC Narmada Welcomhotel Bay Island 17 Review : 2024-202517
Slide 22: Quality
Quality Net Promoter Score Response Rate Online Rating One of the Best NPS scores Active feedback High Customer in the Industry monitoring Satisfaction Rating _ o _ ,_ _ 2 _ 3_ 4_ _s_ I _7 _ s--ll g 6--+- 1o El ~ .• Book1ng.com tripadvisor r\expedia \.'group 85 98% 4.8 98.98%60%) (Global Average (Gl
Slide 23: Marquee Awards – Q2 FY27
Marquee Awards – Q2 FY27 TRAVEL + LEISURE INDIA’S AVARTANA, ITC GRAND CHOLA, CHENNAI DELICIOUS DINING AWARDS 2026 FEATURES IN TATLER BEST 20 RESTAURANTS IN INDIA 2026 Best Service ITC Hotels Best South Indian Best Family Restaurant Avartana, Bukhara, ITC Grand Chola ITC Maurya 19 Review : 2025-2025
Slide 24: Key Growth Enablers
Key Growth Enablers ITC Grand Goa 20 Review : 2024-2025
Slide 25: Strategic Pillars
Strategic Pillars CONTINUED INVESTMENT TO ENHANCE BRAND ASSET RIGHT DIGITAL FIRST SUSTAINABILITY EMPLOYER OF CHOICE EQUITY BY ITC HOTEi ~ STO Rl"I - BYITC HOTELS - F~ RTUNE Member ITC Hotels' Group • Brands & Marketing •Asset right approach to • Best in Class Guest • Responsible Luxury • Robust Tale
Slide 26: Growing Footprint
Growing Footprint Current Footprint • 7 21 1 1 •• Existing Hotels Hotels in pipeline 156 Operational Hotels 6 2 2 12 8 5 14,300+ Operational Keys 19 9 5 1 1 1 1 (Owned / Managed Mix By % Keys : 41% / 59% ) 7 12 2 1 2 12 6 3 6 2 7 5 1 3 2 By 2031 6 7 2 2 7 3 250 Operational Hotels 10 3 5 5 22,000+ Op
Slide 27: Asset-Right Growth Algorithm
Asset-Right Growth Algorithm Dual Engines of Growth → Targeting Operating Footprint of 22,000+ keys by 2031 Owned Portfolio Managed Portfolio 5 ,8 00 + Ke ys → ~ 7 , 5 00 k e y s ~ 8 , 5 00 Ke y s → ~ 1 5 , 000 Ke y s ❖ Sweating of Existing Assets ❖ Accelerated Signings & Openings ❖ Stabilization of
Slide 28: Owned Portfolio: New Builds and Capacity Expansion
Owned Portfolio : New Builds and Capacity Expansion 5 Ongoing Projects 700+ Keys 2027 2028 2029 2030 Puri Visakhapatnam New Delhi Odisha Andhra Pradesh Delhi NCR NEW 118 Keys 200+ Keys 250+ Keys BUILDS Upper-Upscale Luxury Luxury Spiritual & leisure demand Commercial hub Largest MICE destination Bhu
Slide 29: Owned Portfolio: Recent Acquisitions
Owned Portfolio : Recent Acquisitions 2 Operating Hotels 200+ Keys ADDITION TO LAND BANK May’26 Sep’26 Jan’26 Yashobhoomi Complex, Delhi ~1 Acre, 91 Year Lease Oct’26 Lucknow ITC Kumarakom Welcomhotel Ahmedabad 2.8 Acres, 72 Keys 130 Keys Freehold Luxury Upper-Upscale ITC Kumarakom to be launched by
Slide 30: Managed Portfolio: Accelerated Growth with ~8,200 Keys
84 Managed Hotels in Pipeline Managed Portfolio : Accelerated Growth with ~8,200 Keys 68 Managed Hotels Signed in last 24 months (60%+ in Premium Segment) Business Spiritual Hills 24 A 12 A 11 ACCELERATED YoY SIGNINGS HOTELS Powering progress across growth hubs Enriching journeys of faith and discov
Slide 31: Sustainability 2.0
Sustainability 2.0 2022 2026 2030 REFERENCE YEAR ACHIEVED GOALS 0 LEED® Zero Carbon Hotels 3 hotels 13 hotels All Owned Hotels 0 LEED® Zero Water Hotels - 13 hotels All Owned Hotels 52.4 MW Renewable Energy 0 LEED Platinum® Hotels 22 hotels 25 hotels All Owned Hotels Capacity 0 Renewable Electricity
Slide 32: Annexures
Annexures 28 28
Slide 33: Standalone Financials Statement of Profit & Loss
Standalone Financials ₹ crore Statement of Profit & Loss Particulars Q2 FY26 Q2 FY27 YoY H1 FY26 H1 FY27 YoY Revenue From Operations 761 885 16% 1505 1693 13% Other Income 45 52 16% 84 103 23% Total Income 806 937 16% 1589 1796 13% Total Operating Expenses 527 584 11% 1033 1130 9% EBITDA 234 301 28%
Slide 34: Consolidated Financials Statement of Profit & Loss
Consolidated Financials ₹ crore Statement of Profit & Loss Particulars Q2 FY26 Q2 FY27 YoY H1 FY26 H1 FY27 YoY Revenue From Operations 839 1054 26% 1655 1990 20% Other Income 45 52 14% 90 110 23% Total Income 885 1106 25% 1745 2101 20% Total Operating Expenses 594 717 21% 1165 1360 17% EBITDA 246 33
Slide 35: Room Segment Snapshot
Room Segment Snapshot ■ Q2 FY26 ■ Q2 FY27 64% 59% 19% 21% 18% 14% 3% 2% Retail Contracted MICE + Weddings Crew For Owned Hotels (Consolidated) – Same Store 31 31
Slide 36: Strong Multi-channel Distribution Network
Strong Multi-channel Distribution Network [i] Unit Reservations Website and App Guest Contact Centre 31% 25% 12% Online Travel Agents GDS 15% 17% Data for Q2 FY27 Owned Hotels (Consolidated) – Same Store 32 Q4FY25&FY25Results Review:2024-2025
Slide 37: Brand landscape
Brand landscape Operational Pipeline Total Brands Hotels | Keys Hotels | Keys Hotels | Keys ITC HOTELS ~ L :il'ON$ 1Ull.. LU X.J HV 17 | 4,857 2 | 449 19 | 5,306 MEMENTOS 2 | 181 3 | 641 5 | 822 Ii E?IQ COLLECTIOf"l - 3 | 469 3 | 469 8 TOR 1~1 11 | 389 17 | 960 28 | 1,349 BY ITC HOTELS I\ WELCOM H O
Slide 38: Thank You
THANK YOU )~ C L U B I T C Ii ~ M ~~ ITC HOTELS MEMENTOS E?IQ STOPl"I FG RTUNE WelcomHeritage RESPONSIBLE LUX URY WE LC OMHOTEL COLLECT!On