ITC Hotels Achieves Record Q2 Profit of ₹133 Crore; Unveils Premium Brand ‘Epiq Collection’

ITC Hotels has reported its highest-ever second-quarter profit of ₹133 crore, marking a 74% year-on-year increase. The company’s revenue for the quarter reached ₹885 crore, a 13% rise from the previous year. Despite broader market downturns, ITC Hotels’ share price rose by 0.9% to ₹221.65, reflecting investor confidence.

Expansion Plans and New Brand Launch

To bolster its presence in the premium hospitality segment, ITC Hotels has introduced a new brand, ‘Epiq Collection – Member ITC Hotels’ Group’. This initiative aims to accelerate growth by focusing on high-quality hotels in culturally rich destinations. The first Epiq Collection properties are under development in Puri and Tirupati, with plans to add approximately 1,000 keys under this brand in the medium term.

Strategic Growth and Market Outlook

ITC Hotels’ growth strategy includes expanding its portfolio through both owned and managed properties. The company has signed new hotels in cities like Patna, Hyderabad, and Tirupati, and is investing in greenfield projects in Puri and Visakhapatnam. Despite seasonal softness in July and August, demand rebounded in September, driven by longer weekends and early festive activity. The company anticipates continued growth, supported by favorable policy measures and a persistent supply-demand mismatch in the hospitality sector.

Conclusion

ITC Hotels’ strong financial performance and strategic initiatives position it well for sustained growth in the competitive hospitality industry. The launch of the Epiq Collection brand underscores the company’s commitment to enhancing its premium offerings and catering to the evolving preferences of travelers. These developments are expected to have a positive impact on the hospitality landscape, benefiting both consumers and investors.