ITC Hotels Share Price Target 2026: Brokerage firm Elara Capita has shared a report on the hotel sector and recommended a Buy rating on ITC Hotels shares.
ITC Hotels was demerged from ITC Limited as a separate listed entity in January 2025. ITC Hotels shares listed at Rs 180 after the demerger.
Elara Capital said that hotel companies have seen the impact of the Iran-US conflict on occupancy and average room rate (ARR). While the impact of the Middle East war started only in March, it has taken a toll on the quarterly financials due to its intensity.
ITC Hotels Share Price Target 2026
The brokerage has set a target price of Rs 253 on ITC Hotels shares.
ITC Hotels share price closed in the green at Rs 148 on Thursday (April 2, 202).
ITC Hotels share price target of Rs 253 implies an upside of 70 per cent from Thursday's closing price.
Elara Capital said that most listed hotel companies have a large dependency on foreign tourist arrivals (FTA). Since domestic demand continues to be vibrant, hotels have been able to churn foreign guests with their domestic counterparts but this has deteriorated average room rate assumptions due to a change in mix.
Hotels which primarily attract international guests have seen a material impact on profitability across companies.
Similar to every other quarter of FY26, Q4FY26 has also been marred by unforeseen events. Hotels are likely to report subdued financials.
In the third quarter (Q3 FY2026), ITC Hotels had reported a 9.64 per cent YoY rise in consolidated net profit to Rs 236.83 crore. ITC Hotels had earned a net profit of Rs 216 crore a year ago. During the quarter, ITC Hotel's revenue from operations stood at Rs 1,230.68 crore compared to Rs 1,015.40 crore.
Eternal share price target 2026: Should you buy Zomato stock?
