By BullScreen Editorial Team 
ITC Hotels, the hospitality arm of FMCG giant ITC Ltd., stayed near its day’s high on Thursday despite a significant block deal by GQG Partners Equity Fund. The stock traded at Rs 152.40 on BSE, up 0.53%, with a market capitalization of Rs 31,744.56 crore, hovering close to the day’s peak of Rs 154.95.
According to filings, GQG Partners sold 1.3 crore shares, reducing its stake from nearly 2% to 0.62%, in a transaction valued at Rs 197 crore on April 8. The block deal marks a notable adjustment in institutional holdings shortly after ITC Hotels’ demerger from its parent company.
ITC Hotels listed separately on BSE and NSE following the demerger, with ITC shareholders receiving one equity share in ITC Hotels for every ten shares held in ITC Ltd. Key subsidiaries including Fortune Park Hotels, WelcomHotels, Landbase India, and others were transferred to ITC Hotels, with ITC Ltd retaining a 40% stake and the remaining 60% held by public shareholders.
The company’s fundamentals remain robust. In Q3FY26, consolidated revenues (ex-residential) rose 14% YoY to Rs 1,142.8 crore, while standalone revenues grew 13% YoY to Rs 1,046.7 crore. Domestic RevPAR increased 12% YoY to Rs 11,200 per night, with international properties like ITC Ratnadipa, Sri Lanka, turning EBITDA positive and recording 1.4x YoY RevPAR growth. Adjusted PAT (ex-residential) climbed 29% YoY to Rs 280 crore, aided by higher revenues and other income. EBITDA margins improved 80bps YoY to 38.3%.
Analysts remain bullish. According to Trendlyne, all 12 covering analysts recommend a STRONG BUY. ICICI Direct highlights steady growth prospects supported by weddings, MICE, and corporate segments, with a revised SoTP-based price target of Rs 240.
For investors, ITC Hotels’ strong operational performance and industry tailwinds could offset temporary volatility from stake sales, keeping the stock in focus.