ITC Hotels Ltd on Thursday reported a 36 per cent rise in consolidated net profit to ₹181.91 crore in the first quarter ended June 30, 2026.The company, which posted a consolidated net profit of ₹133.71 crore in the corresponding period of the last fiscal, said its board has approved the acquisition of GHK Hospitality & Infrastructures Ltd at an enterprise value of ₹155 crore.Consolidated revenue from operations in the first quarter stood at ₹936.02 crore as compared to ₹815.54 crore in the year-ago period, ITC Hotels Ltd said in a regulatory filing.Total expenses in the first quarter were higher at ₹750 crore, compared with ₹674.9 crore in the same period a year ago, the company said.During the quarter under review, the hotel business clocked revenue of ₹881.06 crore as compared to ₹800.57 crore in the year-ago period, while the new branded residences vertical clocked a revenue of ₹37.77 crore, it added.Regarding the acquisition of GHK Hospitality & Infrastructures, ITC Hotels said the transaction would allow it to expand its owned-asset portfolio in Ahmedabad across all market segments through an established hotel currently operated by it under an operating services agreement.GHK owns a hotel named, 'Welcomhotel Ahmedabad' with 130 keys.The investment in GHK will be made through a primary subscription and a secondary purchase of GHK's equity shares, it added.Published on July 16, 2026