ITC Hotels has completed its acquisition of Zuri Hotels and Resorts for Rs 175 crore, converting Zuri into a wholly-owned subsidiary. The deal expands ITC's hospitality footprint and consolidates its position in India's premium hotel segment.

NDTV Profit · 5/20/2026, 4:04:44 AM

ITC Hotels takes 100% ownership of Zuri Hotels and Resorts in a Rs 205 crore EV deal, expanding its hospitality footprint via inorganic growth. The transaction signals continued consolidation in India's branded hotel segment as listed players absorb regional chains.

NDTV Profit · 5/18/2026, 2:14:51 AM

ITC Hotels posted Q4FY26 PAT of Rs 315.9 cr (+23% YoY) on revenue of Rs 1,253.7 cr (+18.2% YoY), and announced acquisition of Zuri Hotels and Resorts at an enterprise value of Rs 205 cr — adding inventory as the listed hospitality arm scales post-demerger.

Business Today · Latest · 5/18/2026, 1:52:54 AM

ITC Hotels closed FY26 with net profit up 39% at ₹888 cr on revenue of ₹4,139 cr (+16%). Q4 net rose 23% to ₹317 cr; Q4 revenue ₹1,244 cr (+18%), EBITDA ₹466 cr (+13%). The chain will buy Zuri Hotels Kumarakom (72 keys) at an enterprise value of ₹205 cr, planting a luxury-leisure flag in Kerala's backwaters. Dividend declared at ₹1/share.

The Hindu BusinessLine · 5/15/2026, 2:59:44 PM