GQG Partners Eyes Increased Stake in ITC Hotels

1 min read     Updated on 06 Jun 2025, 08:58 AM
scanxBy ScanX News Team
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Overview

Reports suggest that global investment firm GQG Partners is looking to boost its shareholding in ITC Hotels, a subsidiary of ITC Limited. This potential move indicates GQG's strategic interest in the Indian hospitality sector and could have significant implications for ITC Limited. The scale of the intended investment and its impact on ITC Hotels' future strategies remain undisclosed. This development may influence ITC Limited's stock performance and valuation.

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*this image is generated using AI for illustrative purposes only.

ITC Limited is in the spotlight as reports suggest that GQG Partners, a prominent global investment firm, is looking to boost its shareholding in ITC Hotels, a subsidiary of ITC Limited.

Potential Investment Move

According to recent reports, GQG Partners is reportedly seeking to increase its stake in ITC Hotels. This move indicates a potential strategic investment by GQG in the hospitality sector, with a specific focus on ITC Hotels.

Implications for ITC Limited

While the details of the potential investment remain undisclosed, this development could have significant implications for ITC Limited, the parent company of ITC Hotels. ITC Limited, known for its diversified business portfolio spanning FMCG, hotels, paperboards, and agribusiness, may see increased investor interest in its hospitality division.

GQG's Interest in Indian Hospitality

GQG Partners' reported interest in increasing its shareholding in ITC Hotels may signal confidence in the Indian hospitality sector's growth prospects. As a global investment management firm, GQG's potential move could be seen as a vote of confidence in both ITC Hotels' operations and the broader Indian hotel industry.

Market Reaction

Investors and market analysts will be closely watching for any official announcements or further developments regarding this potential investment. The news could potentially impact ITC Limited's stock performance and valuation, particularly if it leads to a significant change in the ownership structure of ITC Hotels.

As this story develops, stakeholders will be keen to understand the scale of GQG's intended investment and its potential impact on ITC Hotels' future strategies and growth plans.

Historical Stock Returns for ITC Hotels

1 Day5 Days1 Month6 Months1 Year5 Years
-1.76%-6.72%+3.62%+41.42%+34.10%+34.10%
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ITC Hotels Scoops Up Premium Gelato Market with 'Yura' Launch

1 min read     Updated on 04 Jun 2025, 07:55 PM
scanxBy ScanX News Team
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Overview

ITC Hotels, a division of ITC Limited, has entered the premium gelato market with the launch of 'Yura' at ITC Grand Chola. The brand offers 20 flavors priced at ₹195 per scoop, positioning itself competitively in a market projected to grow from $3.70 billion in 2024 to $7.40 billion by 2033. ITC plans to expand the Yura brand, potentially to other properties or standalone locations.

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*this image is generated using AI for illustrative purposes only.

ITC Hotels , a division of the diversified conglomerate ITC Limited, has made a bold entry into the premium gelato market with the launch of its new brand 'Yura'. The debut of this luxurious frozen treat at the iconic ITC Grand Chola marks a significant expansion in the company's food and beverage portfolio.

Sweet Prospects in a Growing Market

The timing of ITC's foray into the premium gelato segment appears strategic, given the projected growth of the Indian gelato market. Industry analysts forecast that the market will nearly double in size, expanding from $3.70 billion in 2024 to an impressive $7.40 billion by 2033. This rapid growth trajectory presents a lucrative opportunity for established players like ITC to capture a slice of the frozen dessert market.

Competitive Pricing Strategy

In a move that signals ITC's intent to compete aggressively in this space, the company has adopted a competitive pricing strategy for Yura. Each scoop of the premium gelato is priced at ₹195, positioning it to rival standalone gelato bars and potentially disrupt the market.

Flavor Diversity and Expansion Plans

Yura's initial offering boasts an impressive array of 20 distinct flavors, catering to a wide range of palates. This diverse selection suggests that ITC has conducted thorough market research to appeal to the Indian consumer's taste preferences. Moreover, the company has indicated plans for further expansion of the Yura brand, hinting at the possibility of introducing new flavors and potentially expanding to other ITC properties or standalone locations in the future.

Implications for ITC's Hospitality Division

The launch of Yura represents more than just a new product line; it showcases ITC Hotels' commitment to enhancing its guest experience and diversifying its revenue streams. By leveraging its reputation for quality and its extensive hospitality network, ITC is well-positioned to establish Yura as a premium brand in the competitive gelato market.

As the premium gelato market in India continues to evolve, ITC's entry with Yura could set new benchmarks for quality and innovation in the sector. The success of this venture may also pave the way for further expansion into other premium food and beverage categories, reinforcing ITC's position as a leader in the hospitality industry.

With its strategic pricing, diverse flavor offerings, and the backing of ITC's strong brand presence, Yura stands poised to make a significant impact in the premium dessert landscape of India.

Historical Stock Returns for ITC Hotels

1 Day5 Days1 Month6 Months1 Year5 Years
-1.76%-6.72%+3.62%+41.42%+34.10%+34.10%
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