**ITC Hotels Shares Soar: Profit Jumps 54% in Q1FY26**
**A Strong Quarter for ITC Hotels**
ITC Hotels shares continued their upward trend for the third consecutive session, surging over 2% after the company reported an impressive 54% year-over-year (YoY) jump in profit for the first quarter of FY26.
**Revenue Growth Driven by Occupancy and RevPAR Gains**
The strong profit growth was backed by a 15.5% increase in revenue, driven by improved occupancy rates and RevPAR (revenue per available room) gains. This suggests that the company’s hotel business is thriving, with more guests booking rooms and higher average rates being charged.
**Analysts Bullish on ITC Hotels’ Performance**
Elara Securities, a leading brokerage firm, has reaffirmed its ‘Accumulate’ rating on ITC Hotels, raising the target price to Rs 256. The brokerage cited improved operating leverage and the robust performance of ITC Ratnadipa, one of the company’s key hotels, as reasons for its positive outlook.
**What This Means for Investors**
The rally in ITC Hotels shares is a clear indication of the company’s strong fundamentals and promising growth prospects. With analysts bullish on the stock, investors may want to consider adding ITC Hotels to their portfolio. However, as with any investment decision, it’s essential to do your own research and consider your individual financial goals and risk tolerance before making a move.
