ICICI Securities is bullish on ITC Hotels has recommended buy rating on the stock with a target price of Rs 250 in its research report dated December 06, 2025.
As of September 2025, Myddleton Investment Company, and Tobacco Manufacturers India were holding 2.33 percent and 12.2 percent stake, respectively, in ITC Hotels.
Before the transaction, BAT was the second-largest shareholder in ITC Hotels, according to LSEG data.
BAT planned to offload a stake worth about USD 776 million in ITC Hotels as part of efforts to reduce debt and exit a non-strategic asset.
BAT is the second-biggest shareholder in ITC Hotels. It inherited the stake through its shareholding in ITC, which spun off its hotels business in January.
Club ITC is a loyalty program by ITC Hotels offering 2-8% Green Points on stays and dining, with benefits like room upgrades, and redeemable points for stays, dining, and more.
IHCL has indicated that the outlook for H2 is robust and has retained FY26 double-digit growth guidance for the hotel business.
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IHCL, with a comprehensive product portfolio and expansion plans in an asset-light manner, is well-positioned to ride the industry upcycle
Demand traction remains strong and ITCH has a healthy inventory addition pipeline.
Its revenue from operations meanwhile rose 15.5 percent on-year to Rs 815.54 crore.
Domestic demand continues to be strong and an expected increase in foreign tourist arrivals bodes well for EIHL, which is a preferred destination for foreign tourists.
The Indian hospitality industry, particularly the luxury segment in which Schloss Bangalore (operator of Leela Hotels) operates, is poised for a sustained upcycle over the medium term
ITC Hotels has a healthy inventory addition pipeline and there is scope for further sweating the current asset portfolio
Q4 result impact: Cochin Shipyard reported 8 percent on-year jump in standalone net profit to Rs 285 crore for Q4 FY25.
Q4 Results 2025 Highlights: Around 135 companies are announcing their results for the January-March quarter of the financial year 2025.
IHCL, with its leadership position and a comprehensive portfolio, is well-positioned to gain from the industry upcycle.
The hotel industry is experiencing an up-cycle while there is a shift in consumer preference towards premium properties
Since its listing on January 29 following the demerger and spin-off from ITC, shares of ITC Hotels have gained 16 percent
As of December 2024, British American Tobacco holds as 15.3 percent stake in ITC Hotels.
Jefferies expects further growth levers to boost demand for travel and tourism over FY24-FY27, boosting ITC Hotels' growth prospects.