ITC Hotels Q4 results for FY26 showed a sharp 23% year-on-year jump in consolidated profit after tax to Rs 317 crore, up from Rs 258 crore in Q4FY25, the company confirmed in an exchange filing on Saturday. ITC Hotels Q4 revenue from operations rose 14% to Rs 1,254 crore. The board has recommended a final dividend of Re 1 per equity share, with May 21 fixed as the record date for FY26.
The ITC Hotels Q4 performance was driven by higher room revenues, improved billing rates, and continued momentum in the premium hospitality segment, marking another strong quarter for the company’s core business.
ITC Hotels Q4 FY26 — Key Financial Metrics at a Glance
| Metric | Q4FY26 | Q4FY25 | YoY Change |
|---|---|---|---|
| Profit After Tax | Rs 317 crore | Rs 258 crore | +23% |
| Revenue from Operations | Rs 1,254 crore | Rs 1,099 crore | +14% |
| Gross Revenue (Products & Services) | Rs 1,244 crore | Rs 1,052 crore | +18% |
| Other Operating Revenue | Rs 9.82 crore | Rs 8.38 crore | +17% |
| Profit Before Tax (pre-exceptional) | Rs 415 crore | Rs 354 crore | +17% |
| Total Expenses | Rs 895 crore | Rs 750 crore | +19% |
| Employee Benefit Expenses | Rs 203 crore | Rs 182 crore | +11% |
| Depreciation & Amortisation | Rs 106 crore | Rs 100 crore | +6% |
| Other Expenses | Rs 402 crore | Rs 372 crore | +8% |
| F&B Consumption Costs | Rs 98 crore | Rs 95 crore | +3.2% |
ITC Hotels Q4 Full-Year FY26 Scorecard
| Metric | FY26 | FY25 | YoY Change |
|---|---|---|---|
| Consolidated PAT | Rs 821 crore | Rs 638 crore | +29% |
| Revenue from Operations | Rs 4,139 crore | Rs 3,560 crore | +16.3% |
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ITC Hotels Q4 Revenue: Gross Billing Rose 18%, Signalling Stronger Room Rates
The ITC Hotels Q4 headline revenue of 14% growth is solid, but the gross billing number is where the real story sits. Revenue from the sale of products and services jumped 18% to Rs 1,244 crore from Rs 1,052 crore, a clear signal that average room rate realisation and per-guest ancillary spends moved higher through the January–March 2026 quarter.
ITC Hotels Q4 profit before exceptional items and tax came in at Rs 415 crore, up 17% from Rs 354 crore a year earlier. The gap between PAT growth of 23% and PBT growth of 17% points to a favourable tax movement in the quarter, something investors will want management to clarify on the earnings call.
Other operating revenue also nudged up to Rs 9.82 crore from Rs 8.38 crore, a minor line but consistent with overall business expansion.
ITC Hotels Q4 Cost Structure: Expenses Rose 19%, But One Line Held Firm
ITC Hotels Q4 total expenses climbed 19% to Rs 895 crore from Rs 750 crore, running faster than the 14% topline growth. Employee benefit expenses rose 11% to Rs 203 crore. Depreciation and amortisation moved up 6% to Rs 106 crore, consistent with new property additions entering the asset base.
What stood out in the ITC Hotels Q4 cost breakdown was food and beverage consumption. F&B costs grew just 3.2% to Rs 98 crore against a 14% revenue jump. That divergence, F&B cost growth at roughly one-fifth the pace of revenue growth, is one of the cleaner margin-protection signals in the ITC Hotels Q4 result. It points to improved procurement efficiency, better menu engineering, or a revenue-mix shift favouring higher-margin room inventory over food-led spends.
The broader expense pressure in ITC Hotels Q4, 19% cost growth versus 14% revenue growth, is not alarming at this stage. But it is a trend line that needs to stabilise through FY27 or operating margins will face meaningful compression.
ITC Hotels Q4 Caps Strong FY26: Full-Year PAT Up 29% to Rs 821 Crore
ITC Hotels Q4 results completed a standout FY26 for the company. Full-year consolidated PAT rose 29% to Rs 821 crore from Rs 638 crore in FY25. Annual revenue from operations reached Rs 4,139 crore, a 16.3% increase over Rs 3,560 crore the previous year.
Two consecutive years of double-digit revenue growth and nearly 30% full-year PAT expansion place ITC Hotels Q4 results in a different bracket from mid-market hospitality peers. The premium and luxury hotel segment in India has seen structurally higher occupancy and stronger rate recovery since FY23, and ITC Hotels’ portfolio, weighted toward five-star and luxury inventory, has been a direct beneficiary.
Depreciation rising 6% to Rs 106 crore this quarter is a number worth watching as the company expands its footprint. Whether room rate growth and occupancy gains continue to outpace that depreciation build-up remains the central margin question heading into FY27, and one the ITC Hotels Q4 earnings cycle has not yet answered definitively.
ITC Hotels Q4 Dividend: Record Date May 21, Payout Between August 10–14
The ITC Hotels Q4 board meeting resulted in a recommendation of Re 1 per equity share as a final dividend for FY26, subject to shareholder approval at the AGM. Key dates shareholders need to track:
| Event | Date |
|---|---|
| Record Date | May 21, 2026 |
| Annual General Meeting | August 6, 2026 |
| Dividend Payment Window | August 10–14, 2026 |
Investors must be on the company’s books by May 21 to qualify. No interim dividend was declared during FY26, this Re 1 final dividend is the sole shareholder payout for the year. The ITC Hotels Q4 dividend announcement comes alongside one of the company’s strongest annual profit performances in recent years.
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FAQ: ITC Hotels Q4 Results — Top Investor Questions Answered
Q1. What was ITC Hotels Q4 FY26 profit after tax?
ITC Hotels Q4 consolidated PAT was Rs 317 crore, up 23% year-on-year from Rs 258 crore in Q4FY25, per the company’s exchange filing for the quarter ended March 2026.
Q2. What dividend did ITC Hotels declare after Q4 FY26 results, and when is the payout?
Following the ITC Hotels Q4 board meeting, Re 1 per equity share was recommended as a final dividend for FY26. Record date is May 21, 2026. Subject to AGM approval on August 6, the payout will be processed between August 10 and August 14, 2026.
Q3. Why did ITC Hotels Q4 expenses rise faster than revenue?
ITC Hotels Q4 total expenses rose 19% YoY to Rs 895 crore against 14% revenue growth. Primary drivers were employee costs up 11%, depreciation up 6% from new asset additions, and other expenses up 8%. F&B costs rising just 3.2% were the one line that significantly underperformed overall expense growth, partially cushioning the margin impact.
The next material trigger following the ITC Hotels Q4 earnings release is the AGM on August 6, 2026, where dividend approval and management’s FY27 guidance on room rates, occupancy outlook, and new property additions will be the key focus for institutional and retail investors alike.
