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Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook You need at least a Single Account to use this feature. Revenue of the hotel segment of ITC Limited from financial year 2011 to 2020 (in billion Indian rupees) [Graph]. New, Everything you need to know about the industry development, Find studies from all around the internet. ITC’s revenue dropped 17.4% year-on-year to Rs 9,501 crore. Profit from additional features by authenticating your Admin account. Then you will be able to mark statistics as favourites and use personal statistics alerts. ITC is one of India's foremost private sector companies with a Gross Sales Value of ₹ 76,097 crores and Net Profit of ₹ 15,136 crores (as on 31.03.2020) with presence in FMCG, Hotels, Packaging, Paperboards & Specialty Papers, Agri & IT Businesses. On … About ITC. As a Premium user you get access to background information and details about the release of this statistic. Agri-business revenue rose 15 percent to Rs 3,611.23 crore. A paid subscription is required for full access. Deveshwar said, defending the company’s decision to expand in the hotels business by creating new properties. - ITC Royal Bengal, Kolkata continues to set new benchmarks in culinary and service excellence in a relatively short span of time. ITC Profit & Loss Report - Get the latest information on ITC Financial Reports, Profit/Loss stated by ITC in the past month, quarter, year, on The Economic Times. InterContinental Hotels | IHG Rewards Club and Intercontinental Ambassador - New RA qualifying criteria based on IC Revenue - What timing. Currently, ITC’s hotels division earns 60% of its revenue from owned properties. and over 1 Mio. Please authenticate by going to "My account" → "Administration". Going forward, the company will pursue an “asset-right" strategy, managing director Sanjiv Puri said. SEGMENT WISE GROSS REVENUE FOR ITC LIMITED As per the latest annual report of ITC Limited, the Total Gross Revenue was INR 45,221.41 Crores. Asked if the company will hold off on investing in new projects, Puri said it wouldn’t if the right opportunities were found, even as it seeks to scale up revenue from managed properties. Salary estimates are based on 4 ITC Hotels salaries received from various employees of ITC Hotels. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). ITC is willing to take over the unit provided it was given long term incentives to turn it around. Get ITC Hotels latest Key Financial Ratios, Financial Statements and ITC Hotels detailed profit and loss accounts. Click here to read the Mint ePaperMint is now on Telegram. Please create an employee account to be able to mark statistics as favorites. Earnings climbed to Rs 3,173.94 crore from Rs 2,818.68 crore a year earlier. ITC also entered into the edible oils industry with the launch of the Sundrop brand of cooking oils in 1988. ITC is currently building some six properties, including one in Colombo. About ITC. facts. KOLKATA/ MUMBAI: Tobacco-to-hotels-to-FMCG conglomerate ITC’s foods business has become a billion-dollar baby in less than a decade. ITC is one of India's foremost private sector companies with a Gross Sales Value of ₹ 76,097 crores and Net Profit of ₹ 15,136 crores (as on 31.03.2020) with presence in FMCG, Hotels, Packaging, Paperboards & Specialty Papers, Agri & IT Businesses. Are you interested in testing our corporate solutions? ITC said the operating environment remained extremely challenging during the quarter with the unabated increase in daily Covid cases, prompting several states to … Goldman Sachs expects ITC to report a 13 per cent growth in profit to Rs 3,979.4 crore, while sales may rise 5 per cent to 12,669.6 crore. Copyright © HT Digital Streams Limited All rights reserved. One Indian rupee is equal to 0.014 U.S. dollars and 0.011 euros (as of December 2020). “The choice we have made is to benefit the country as well as our shareholders," chairman Y.C. You only have access to basic statistics. 2,536 584 536 452 261 1886 28.4. In, PA Wealth Advisors. July 16, 2020. ITC’s business is spread over different segments from cigarettes and hotels to paperboards, packaging, and agriculture exports. ITC Q2 takeaways: Another forgettable quarter as cigarettes, hotels biz suffer 06 Nov, 2020, 10.56 PM IST. Number of McDonald's restaurants worldwide 2005-2019, Average daily rate of hotels in the U.S. 2001-2019, Global tourism industry - statistics & facts, Hotel  industry worldwide - statistics &  facts, Profit from additional features with an Employee Account. Corporate solution including all features. The brokerage expects ITC's revenue to decline 13 per cent year-on-year (YoY) to Rs 10,334.1 crore led by a significant disruption in revenue from the hotel business (down 95 per cent YoY). FMCG segment revenue increased 6.19 percent to Rs 8,493 crore. Hotels news Restaurants News Food Business News Beverage Business News Travel and Tourism News Institutes News Events and Catering News. Log in to our website to save your bookmarks. It is our honour to share that your Royal Ambassador status, inclusive of Kimpton Inner Circle, has … In fiscal 2017-18, pre-tax profit from the division was ₹ 139.79 crore, or around 2.5% of its assets. 5,571 For the past few years, the division has been under pressure because of several reasons: subdued demand from so-called feeder markets, such as Europe and the US (from where it used to get most of its guests), resulting in poor occupancy and depressed tariff, a key official in the hotels division said. At present, revenue from FMCG business stands at around Rs 9,000 crore. The ideal entry-level account for individual users. The brokerage expects cigarette revenue decline of 4.5 per cent YoY, with 6 per cent YoY volume dip. 32,883 13,562 12,662 12,659 8,785 27,626 45.8. But ITC chose to expand its footprint with the conviction that tourism in India will pick up and that the market price of these assets will appreciate with time, he added. Your session has expired, please login again. Hyderabad, Telangana, India *In charge of Revenue operations for ITC Kohenur and ITC Kakatiya. Earnings before interest, tax, depreciation and amortisation (EBITDA) fell 8.9 percent to Rs 4,163.5 crore. In the financial year 2020, the revenue of ITC India Ltd.'s hotel segment was approximately 19.3 billion Indian rupees, compared to 17.5 billion Indian rupees in the financial year 2019 in India. ITC acquired a hotel which was run under the Park Hyatt brand from IFCI Ltd, but the delinquent owners of the hotel moved court and stalled the transaction. KOLKATA: Diversified group ITC has set a target of garnering a revenue of Rs 1 lakh crore by 2030 from its FMCG business, as it looks to increase presence in the segment, company's chairman Y C Deveshwar said today. Of which the Gross Revenue from FMCG Segment as a whole was about INR 33,200.79 Crores. (July 16, 2020). Hotel business segment’s revenue up 15 percent at Rs 392.6 crore. About ITC. 1995-1996. Learn more about how Statista can support your business. One of Indias Most Admired and Valuable Companies ITC Hotels ITC Performance Track Record. Puri on Thursday said ITC will take control of the property acquired in Goa in 2015 by September this year. ", PA Wealth Advisors, Revenue of the hotel segment of ITC Limited from financial year 2011 to 2020 (in billion Indian rupees) Statista, https://www.statista.com/statistics/1190697/india-revenue-of-hotel-segment-of-itc-ltd/ (last visited January 24, 2021), Revenue of the hotel segment of ITC Limited from financial year 2011 to 2020, Global hotel industry market size 2014-2018, Average daily rate of the hotel industry worldwide 2008-2019, by region, Occupancy rate of the hotel industry worldwide 2008-2019, by region, Revenue per available room of the hotel industry worldwide 2008-2019, by region, Most valuable hotel brands worldwide 2020, by brand value, Sales revenue of selected leading hotel companies globally 2019, Countries with the most lodging construction projects in the pipeline worldwide 2020, Countries with the largest amount of lodging rooms in the construction pipeline 2020, Cities with the most lodging projects in the pipeline worldwide 2020, Cities with the largest amount of lodging rooms in the pipeline worldwide 2020, Leading hotel companies: number of rooms in the pipeline 2020, Four and five star hotels under construction in 2020, by region, Monthly hotel revenue per available room worldwide 2018-2020 by region, Public opinion on improving comfortability of hotel stays after COVID-19 2020, Monthly average revenue per available room of U.S. hotels 2011-2020, Monthly average revenue per available room of hotels in Canada 2019-2020, Revenue per available room of hotels in India 2000-2019, Revenue per available room of Thon Hotels 2012-2019, Revenue of Nordic Choice Hotels 2010-2019, Revenue per occupied room of hotels in Sweden 2009-2019, Revenue of Hyatt Hotels Corporation 2008-2019, Gross revenue of Holiday Inn hotels worldwide 2007-2019, Gross revenue of Crowne Plaza hotels and resorts worldwide 2007-2019, Gross revenue of the InterContinental Hotels Group worldwide 2007-2019, Gross revenue of Staybridge Suites hotels worldwide 2007-2019, Gross revenue of Candlewood Suites hotels worldwide 2007-2019, Gross revenue of InterContinental hotels and resorts worldwide 2007-2019, Gross revenue of Holiday Inn Express hotels worldwide 2007-2019, Revenue of the InterContinental Hotels Group 2008-2019, by ownership type, Revenue per available room of hotels in Norway 2009-2019, Monthly revenue per available room of hotels in Norway 2019, Online revenue of Nordic Choice Hotels 2013-2018, Gross revenue of the InterContinental Hotels Group worldwide 2007-2019, by brand, Average monthly revenue of cafes, hotels and restaurants by activity in France 2018, Revenue of the InterContinental Hotels Group 2007-2019, Revenue of the hotel segment of ITC Limited from financial year 2011 to 2020 (in billion Indian rupees), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. Join Mint channel in your Telegram and stay updated with the latest business news. After the onset of FY 2020, the Indian hotel industry is anticipated to expand at a promising rate, since India will be hosting the ICC Men’s World Cup in 2023, which would increase the foreign tourist footfall in the country. At present, ITC Hotels is considered as one of largest hotel chains in the Country which has about 100 hotels across 70 destinations. Analysts had pegged the metric at Rs 8,106 crore. - Welcomhotel Amritsar, commissioned on 1st November 2019, receives excellent response. Cigarette revenue fell 29.1% year-on-year to Rs 3,853 crore. Accessed January 24, 2021. https://www.statista.com/statistics/1190697/india-revenue-of-hotel-segment-of-itc-ltd/, PA Wealth Advisors. 12.01.2017. ITC Q2 results: Revenue from cigarettes increased by 5.98 per cent to Rs 5,326.83 crore, while from other businesses rose by 4.04 per cent to Rs 3,288.31 crore Revenue of the remaining FMCG business rose 10.3% to Rs 3,375crore. *Successful in taking ITC Kohenur to RevPAR and ARR leader in the Hyderabad Hi-Tech City market within one year of it's opening. Revenue Manager salary in ITC Hotels ranges between ₹ 5 Lakhs to ₹ 12.6 Lakhs with an average annual salary of ₹ 9.9 Lakhs. ITC Q1 Results 2019-20: Other Highlights (YoY) Revenue from cigarettes business rose 6 percent to Rs 5,433.40 crore. HDFC Securities sees ITC’s net profit dropping 1.7 per cent, while net sales may dip 2.2 per cent. 15.3% 19.1% 19.2% 20.3% 21.6% 16.1%. 18-yr Cagr 9596 to 13-14. For example, FY 2016 started in April 2015 and ended in March 2016. This statistic is not included in your account. Deveshwar on Thursday said ITC had been approached to take over the paper factory of Ballarpur Industries Ltd in Telengana by the local government. ITC on Friday reported a 19.65% year-on-year drop in standalone net profit to ₹3,232.40 crore. "We expect revenue from the cigarette business to reach a … RevPAR of Indian hotels stood at ~INR 4,002.76 in FY 2019 and is expected to reach INR 5,305.91 by FY 2024. Revenue ₹ 52,001 crore (US$7 ... acquisition and renaming of Vishvarama Hotels to ITC Hotels Limited, setting up of two new ventures – the ITC Classic Finance Limited and ITC Agro Tech Limited under its umbrella. Note: India's financial year begins in April and ends in March. ITC needs to strike a balance between owned-properties and managed hotels. Revenue (excluding excise duty) dropped 9.6 percent to Rs 10,842.2 crore. ITC Q3 net may fall 3%, cigarette volume seen slipping 2-3%. ITC’s Hotel business supports the national importance to develop avenues of foreign exchange earnings and to boost tourism. For instance, in Chennai, where ITC built the 650-room Grand Chola hotel, it was warned that occupancy will be the key challenge. After years of pursuing growth by building properties across India, ITC Ltd is looking to […] Hospitality Lexis Magazine Read Now. ITC Limited, a multinational conglomerate headquartered in Kolkata, India, reported a revenue of nearly 453 billion Indian rupees in fiscal year 2020. It'll just take a moment. Last Updated: 14 November, 2020 Oops! As a Premium user you get access to the detailed source references and background information about this statistic. Please do not hesitate to contact me. “But ITC has continued to build hotels with the conviction that in certain markets, supply itself creates demand," the person said, asking not to be named. 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