ITC Hotels Limited reported a 19% increase in total income to over ₹4,331 crore and a 29% rise in profit after tax (PAT) for the year under review, driven by disciplined execution and operational excellence. At its 3rd Annual General Meeting held on August 6, 2026, Chairman Sanjiv Puri outlined the company’s strategy to scale its operating portfolio to 250 hotels with over 22,000 keys within five years, leveraging a robust pipeline of 78 hotels.

The strong financial performance reflects the success of the company’s asset-right strategy, which has seen the signing of 63 hotels and the opening of 29 properties over the past 24 months. This approach allows for accelerated growth and profitability while maintaining a light footprint. The company currently operates around 150 hotels with more than 14,200 keys across India, Sri Lanka, and Nepal.

Strategic Expansion and Portfolio Growth

The company is actively pursuing both organic and inorganic growth opportunities to strengthen its presence across key destinations. A pipeline of 78 hotels with over 8,000 keys supports the ambition to reach 250 hotels and 22,000 keys over the next five years.

These additions target pilgrimage, heritage, weddings, leisure, wellness, and emerging business travel segments. The company continues to invest in management contracts aligned with its strategic vision.

Sustainability and Brand Leadership

ITC Hotels emphasized its philosophy of 'Responsible Luxury,' operating the world’s largest portfolio of LEED® Platinum-certified hotels with 25 properties. It is also the first hospitality group globally to achieve LEED® Zero Water certification for 13 hotels and LEED® Zero Carbon certification for 12 properties. The company was recognized as the World’s Leading Sustainable Organisation and World’s Leading Sustainable Employer at the World Sustainable Travel & Hospitality Awards 2025.

The brand portfolio includes ITC Hotels, Mementos, Welcomhotel, Storii, Fortune Hotels, WelcomHeritage, and the newly introduced Epiq Collection. Iconic culinary institutions such as Bukhara, Dum Pukht, Avartana, and Peshawri continue to receive top accolades, while Kaya Kalp - The Royal Spa offers indigenous therapies alongside global treatments.

What the Numbers Show

The 29% growth in PAT outpacing the 19% revenue growth indicates improving operational leverage and margin expansion. This divergence suggests that cost controls and revenue management strategies are effectively translating top-line growth into higher profitability. The asset-right model appears to be yielding returns by minimizing capital intensity while maximizing key count through management contracts and strategic acquisitions.

ITC Hotels Limited shareholders approved the appointment of Ramakrishnan Chander as a Non-Executive Director for a three-year term effective August 6, 2026, alongside declaring a final dividend of ₹1 per equity share for FY26. The resolution passed at the company’s 3rd Annual General Meeting (AGM) strengthens the Board’s composition by adding leadership from its largest shareholder, Life Insurance Corporation of India (LIC). This appointment underscores the Board’s focus on governance continuity and strategic alignment with key institutional stakeholders in its third year of independent operations.

Mr. Chander, who serves as the Managing Director of LIC, will represent the insurer on the Board. He is liable to retire by rotation. His appointment was approved with 99.89% support from shareholders, reflecting strong backing from both promoter and public categories. Mr. Chander brings over 35 years of experience across marketing, administration, and investment management, having joined LIC in 1990. He holds a Post Graduate Diploma in Financial Management and is a Fellow Member of the Insurance Institute of India.

The AGM, held on August 6, 2026, via Video Conferencing / Other Audio Visual Means, also saw the adoption of standalone and consolidated financial statements for FY26. Shareholders re-elected Rajendra Kumar Singhi as a Director and approved the remuneration of Messrs. S. R. Batliboi & Co. LLP as Statutory Auditors for the financial year 2026-27. The final dividend of ₹1 per equity share of ₹1 each was declared, providing a direct return to investors.

Voting Results Summary

The following table summarizes the voting outcomes for the key resolutions passed at the AGM. All resolutions were passed with significant majority support.

Promoter and Promoter Group shareholders voted in favor of all resolutions with 100% support. Public institutional shareholders also showed near-unanimous support, with over 99% approval rates across most items.

Governance and Compliance

The proceedings were conducted in adherence to Regulation 30 and Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Notice for the AGM was dated May 15, 2026. Remote e-voting was available from 9:00 a.m. IST on August 2, 2026, to 5:00 p.m. IST on August 5, 2026. The voting results and Scrutinizer’s Report have been made available on the company’s website and the National Securities Depository Limited website, and forwarded to the National Stock Exchange of India Limited and BSE Limited.