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ITC Hotels is an Indian hospitality company that operates and manages hotels. It has over 100 hotels and is India's third largest hotel chain. It has a franchise agreement to operate most of its hotels as part of The Luxury Collection of Marriott International. ITC Hotels was a subsidiary of ITC Limited until its demerger in 2025. [2]
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In terms of market capitalization, ITC is the second-largest FMCG company in India and the third-largest tobacco company in the world. [12] [13] [14] It employs 36,500 people at more than 60 locations across India. [15] Its products are available in 6 million retail outlets in India and exported to 90 countries. [16] [5]
The stock was set for its best day in over nine months after the chain said it expects 2024 profit in the range of $9.00 to $9.70 per share, up from its prior forecast of $8.60 to $9.60.
The Luxury Collection brand began on January 13, 1992, when ITC Sheraton designated 28 of its premier hotels and 33 of the Sheraton Towers, the luxury "hotel-within-a-hotel" facilities located within Sheraton's largest and most exclusive hotels, as the ITT Sheraton Luxury Collection. [20]
Gains from lower net finance costs and share count were partly offset by our reduced share of ITC profits and tax. The underlying tax rate was 24.9% and we expect around 25% in 2025 based on ...
This is a list of companies listed on the National Stock Exchange of India (NSE). Contents !–9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z !–9 Symbol ...
The first hotel of the company was opened — The Taj Mahal Palace Hotel in Colaba neighbourhood of Bombay opened in 1903. [10] It was the first five star hotel in India with modern elevators and Russian carpets. [11] In 1980 the Taj Group opened their first international hotels: the Taj Sheba Hotel in Sana'a, Yemen and the Taj Pamodzi in ...