ITC Hotels Q1: 35% Profit Jump, ₹155 Cr GHK Buy — Yet Shares Slip
ITC Hotels reported a 35% rise in net profit and 14% revenue growth in Q1, alongside the ₹155 crore acquisition of GHK Hospitality. Shares fell despite the strong print, with the dip pinned on short-term trading rather than any deterioration in fundamentals.
ITC Hotels posted 35% net profit growth and 14% revenue growth in Q1, and announced acquisition of GHK Hospitality for ₹155 crore. Shares fell despite strong earnings, attributed to short-term trading rather than weak fundamentals.