ITC Hotels Q3FY26 Performance Update **Executive Summary** ITC Hotels delivered a robust financial performance for the third quarter of fiscal year 2026 (Q3FY26), characterized by significant year-on-year expansion in both topline and bottom-line figures. The quarter was distinguished by the maiden recognition of revenue from the real estate segment, complementing sustained momentum in the core hospitality business. **Key Financial Highlights** * **Net Profit:** Surged by **77% YoY** to **Rs 235 crore**, reflecting strong operational leverage. * **Revenue:** Recorded a substantial increase of **47% YoY**, driven by diversified income streams. **Operational Drivers** * **Hospitality Segment:** Growth was underpinned by robust demand tailwinds in the hotel sector, resulting in strong sequential improvement. * **Real Estate:** The quarter marked a strategic milestone with the first revenue contribution from real estate operations, adding a new growth vertical. **Challenges & Market Reaction** * **Cost Pressure:** The company navigated a higher cost environment during the reporting period. * **Stock Performance:** The results triggered a discernible reaction in the company's stock price following the announcement.