ITC Hotels Ltd is a leading Indian hospitality company that operates over 140 hotels across 90+ destinations under brands like ITC Hotels, Welcomhotel, Fortune, and WelcomHeritage. Formerly a subsidiary of ITC Limited, it was demerged and listed independently on stock exchanges in January 2025. The company holds franchise rights with Marriott International’s “The Luxury Collection” and is known for its sustainability-driven luxury hospitality model. With zero debt, strong cash reserves, and robust post-pandemic recovery in travel and tourism, ITC Hotels has attracted investor attention as a pure-play hospitality stock. This article provides a data-backed outlook on the ITC Hotels share price target 2026–2030.
ITC Hotels Ltd: Company Overview
- Demerger & Listing: January 2025 (from ITC Limited)
- Headquarters: Kolkata, West Bengal
- Key Brands: ITC Hotels (luxury), Welcomhotel (upscale), Fortune (mid-market), Mementoes (boutique)
- Strategic Edge: India’s 3rd-largest hotel chain; strong ESG focus; asset-light operating model
- Ownership: Post-demerger, ITC Limited retains ~39.85% stake; the rest held by institutions andthe public
ITC Hotels benefits from India’s booming domestic tourism, corporate travel rebound, and premiumization trend in hospitality. Its asset-light structure (majority leased/managed properties) ensures low capex and high cash conversion.
ITC Hotels Ltd: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹182.20 |
| Market Capitalization | ₹37,929.30 Cr |
| No. of Shares Outstanding | 208.29 Cr |
| 52-Week High / Low | ₹262 / ₹155 |
| P/E Ratio (TTM) | 46.71 |
| P/B Ratio | 3.26 |
| EPS (TTM) | ₹3.90 |
| Book Value (TTM) | ₹55.80 |
| ROE | 12.58% |
| ROCE | 9.81% |
| Dividend Yield | 0.00% |
| Face Value | ₹1 |
| Cash | ₹1,500.34 Cr |
| Total Debt | ₹0 Cr |
| Debt-to-Equity | 0.00 |
| Sales Growth (YoY) | 54.37% |
| Profit Growth (YoY) | 72.88% |
| Promoter Holding | 39.85% |
ITC Hotels Ltd Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹195 – ₹225 |
| 2027 | ₹210 – ₹250 |
| 2028 | ₹225 – ₹280 |
| 2029 | ₹240 – ₹310 |
| 2030 | ₹255 – ₹340 |
ITC Hotels Ltd Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹195 | ₹225 |
ITC Hotels reported 72.88% profit growth and 54.37% sales growth in FY2025, driven by strong occupancy rates and premium pricing in luxury segments. However, its P/E of 46.7x is significantly above the hospitality sector average (~30–35x), reflecting rich valuation. With zero debt and ₹1,500 Cr cash, the balance sheet is strong—but the lack of dividends limits income appeal. A 2026 target of ₹195–₹225 assumes continued RevPAR (revenue per available room) growth and stable margins.
ITC Hotels Ltd Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹210 | ₹250 |
The company’s expansion into tier-2 cities and international collaborations (e.g., Marriott) support long-term revenue visibility. If EPS reaches ₹4.50–₹5.00 by FY27 and P/E moderates to 42–45x (still premium due to brand strength), the 2027 range of ₹210–₹250 is realistic.
ITC Hotels Ltd Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹225 | ₹280 |
By 2028, benefits from new hotel openings and higher-margin management contracts should reflect in profitability. However, ROCE (9.81%) remains modest for a premium-valued stock. Assuming EPS of ₹5.00–₹5.60 and P/E of 42–46x, the ₹225–₹280 band is justified.
ITC Hotels Ltd Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹240 | ₹310 |
Long-term tailwinds include India’s rising middle-class travel, MICE (Meetings, Incentives, Conferences, Exhibitions) tourism, and inbound foreign arrivals. Risks include economic slowdowns and competition from Taj, Oberoi, and Lemon Tree. Using a P/E of 43–48x on projected EPS (~₹5.20–₹6.50), the 2029 target is ₹240–₹310.
ITC Hotels Ltd Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹255 | ₹340 |
Over a five-year horizon, ITC Hotels’ value lies in its brand equity and scalable model—not high ROCE. While not a dividend payer, its growth story appeals to capital-appreciation investors. A terminal P/E of 44–50x on FY30 EPS (~₹5.20–₹6.80) supports the ₹255–₹340 range.
ITC Hotels Ltd: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters (ITC Limited) | 39.85% |
| Domestic Institutional Investors (DII) | 21.15% |
| Foreign Institutional Investors (FII) | 16.10% |
| Public & Retail | 22.91% |
| Others | 0% |
Strong institutional ownership (37%+) reflects confidence in governance and growth potential.
ITC Hotels Ltd: Strengths vs Risks
Strengths:
- Zero debt and ₹1,500 Cr cash—exceptional balance sheet strength
- Strong brand positioning in luxury and sustainable hospitality
- Pure-play exposure to India’s tourism and hospitality boom
- Asset-light model enables rapid scaling with minimal capex
Risks:
- Very high P/E (46.7x) leaves little margin for error
- ROCE (9.81%) and ROE (12.58%) are modest for the current valuation
- No dividend payout (0% yield)—limits appeal for income investors
- Highly sensitive to macroeconomic cycles (recession, fuel prices, travel bans)
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Moderate to High |
| Ideal Time Horizon | 3–5+ years |
| Volatility | Higher than market average (newly listed, cyclical sector) |
| Dividend/Income Potential | None (0% yield) |
| Best For | Growth-oriented investors seeking India’s hospitality recovery story |
- Profit-taking after listing surge
- Rich valuation concerns
- Broader market rotation away from newly listed stocks
Final Verdict
ITC Hotels Ltd offers a unique, pure-play opportunity in India’s premium hospitality sector. While its fundamentals—zero debt, strong cash flow, and brand leadership—are solid, the current valuation demands patience. Our ITC Hotels share price target 2026–2030 (₹195 to ₹340) reflects steady appreciation if execution remains consistent. Suitable for growth portfolios—but not for conservative or income-focused investors.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener.in – ITC Hotels Consolidated Page (FY2025 + TTM)
- Finology Ticker – ITCHOTELS Financial Ratios & Valuation
- ITC Hotels Investor Presentation (Q3 FY26, Jan 2026)
- BSE/NSE – Demerger and Listing Announcements (Jan 2025)
- Ministry of Tourism – India Travel Statistics 2025
