BAT's chief executive Tadeu Marroco in a post-results analysts meeting said that they have no interest in staying invested in ITC Hotels for the long term and they will figure out the the right time
Reiterating BAT's position on ITC Hotels, Marroco said at a post-results analyst meet, "BAT has no interest in becoming a long-term shareholder of a hotel chain in India
ITC Hotels share price: Jefferies has estimated ITC Hotels share price target at Rs 240 in their base case, Rs 280 in bull case, and Rs 140 in bear case
In Q3FY25, ITC Hotels Ebitda margin expanded by 450 bps Y-o-Y driven by higher RevPAR or Revenue per Available Room, operating leverage and strategic cost management initiatives
Buoyed by the government's policy interventions for the hospitality sector and a flourishing domestic tourism industry, ITC Hotels has strong growth enablers in place.
Spun-off unit to open 200 hotels in five years
ITC Hotels listing today: ITC Hotels listed at Rs 188 per share on the BSE on Wednesday, January 29, 2025. On the NSE, ITC Hotels share price listed at Rs 180 per share
In a recent conversation with Business Standard, Chadha said: "It is something we are exploring, but have not settled for any specific model yet"