ITC Hotels Limited has announced a significant expansion with the acquisition of a 130-key hotel in Ahmedabad, alongside reporting robust financial results for the first quarter of the financial year 2027 (Q1 FY27).

The company revealed a consolidated revenue increase of 15%, reaching $11.2 million (₹936 crore), and a profit after tax (PAT) surge of 36% to $2.2 million (₹182 crore).

The acquisition in Ahmedabad is part of ITC Hotels' strategic growth plan, which saw eight new hotel signings in Q1 FY27, expanding its managed pipeline to 74 hotels with over 7,200 keys. This move aligns with the company's 'asset-right' strategy, focusing on efficient capital allocation and expansion across key markets.

In addition to the acquisition, ITC Hotels reported strong performance across its revenue segments. Rooms revenue increased by 8% to $5.1 million (₹430 crore), whilst food and beverage revenue rose by 11% to $4.4 million (₹361 crore). The company also highlighted its commitment to sustainability, with the commissioning of a 1.5 MWp captive solar plant at ITC Grand Bharat, Delhi NCR, and achieving the 13th LEED® Zero Water Certification at ITC Royal Bengal.

The company's expansion and financial performance underscore its resilience and strategic focus amidst a volatile economic environment. With continued investment in brand equity and operational efficiencies, ITC Hotels aims to enhance its competitive position and drive future growth. The acquisition in Ahmedabad marks a significant step in ITC Hotels' ongoing expansion strategy, promising further developments in the hospitality sector

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