ITC Hotels Share Price Target 2026, 2030, 2040: Stock Forecast & Analysis

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Here is a summary of the ITC Hotels share price targets for 2026, 2030 and 2040, as the markets look at how the company has done as a single entity following its demerger from parent company ITC and subsequent listing on India’s NSE.

The ITC Hotels share price NSE stands at INR 207.72. This is the ITC Hotels share price today. In comparison, the ITC Hotels share price BSE closed at 207.75, which is not much different from the NSE-listed price. ITC Hotels was briefly listed on the Nifty 50 index in a dummy format but was later removed.

The ITC Hotels share price chart is presented below:

ITC Hotels Share Price Target 2026

The 12-month targets set by institutional analysts in 2025 largely align with the ITC Hotels share price target forecasts for 2026.

Let us start with JM Financial, which upgraded its August 2025 SELL rating and INR 215 ITC Hotels share price target to an ADD rating and a new target price of INR 235 following the rise in net profits in Q2 2026. Net profits had risen 74% YoY.

Axis Capital also has an Add rating with a 12-month ITC Hotels share price target of INR 271. This gives an implied upside of 9% from the time of the recommendation, which was in September 2025.

Jefferies provided an ITC Hotels share price target of INR 240 for mid-2025, but raised it to INR 270 in July 2025 after the company’s strong Q2 earnings. It maintains a Buy rating on the stock.

Ambit Capital set ITC Hotels’ share price target at INR 230 in March 2025, alongside a Buy rating.

How about forecasts from a well-respected Indian brokerage house, Motilal Oswal? Motilal Oswal Wealth published a technical trading idea in May 2025, calling for a Buy at call INR 215, with a target price of INR 235 and a stop loss at INR 205. This was a short-term trade idea and not a long-term price forecast. Motilal Oswal has not provided an ITC Hotels share price target for 2026, focusing only on the parent company.

ITC Hotels Share Price Target 2030

Critical to the ITC Hotels share price target forecasts for 2030 is whether the company has met its preset target of growing its hotel chain from 140 properties in 2025 to 200 hotels in 2030, with over 20,000 keys.

Long-term projections such as the ITC Hotels share price target for 2030 are from retail sources and these are speculative in nature. Major brokerages such as Jeffries and Nomura do not have 2030 price targets for ITC Hotels. Rather, they only have 12-month targets in their analysis reports.

SharePrice-Target.com and SharePriceTarget.com are two separate retail blogs with similar names which have ITC Hotels share price targets for 2030. While SharePrice-Target.com has set an ambitious price target at INR 1168 – INR 1350, SharePriceTarget.com has set two targets for the 2030 share price of ITC Hotels: INR 973.95 and INR 1173.95.

ITC Hotels Share Price Target 2040

The only available ITC Hotels share price target for 2040 are from the retail blogs. SharePrice-Target.com has a INR 3557 – INR 3816 price range target. Any forecasts seen for this time frame (15 years) is highly speculative and does not come from institutional sources. They are therefore subject to speculation and are extremely optimistic.

Demerger Impact on Valuation

So let us understand the demerger, which took place on 1 January 2025. ITC carved out its hotel business and listed it as a new company, ITC Hotels Ltd. Existing ITC shareholders were allocated 1 new ITC Hotels share for every 10 ITC shares held. While ITC retained 40% of the ITC Hotels shareholding to remain the majority shareholder, 60% was allocated to ITC shareholders.

ITC Hotels got listed in January 2025 with an initial valuation of INR 366 billion, or $4.2 billion. The ITC Hotels demerger share price on listing was INR 180 per share. On listing, Indian brokers SBI and Nuvama valued the company at 20-30X EV/EBITDA, in line with valuations for other hotels in the industry.

One impact of separating and listing ITC Hotels as an entity on its own is that it allowed investors with specific interests in the hospitality industry to analyze ITC Hotels as a stock in its own right, with the ability to measure growth metrics along the way.

Carving out ITC Hotels from the parent ITC company drops the value of the parent company. The listing price of ITC Hotels will determine how much of the parent company’s original value is captured. So listing price and ex-date are short-term valuation impact metrics.

In the medium term, ITC Hotels can derive value using hotel-sector-specific multiples, such as the number of rooms or keys created, occupancy rates, etc. In the long term, growth in the number of rooms, revenue per available room (RevPAR), and margins can add to ITC Hotels’ valuation.

In summary, a demerger helps to unlock value and changes how this value is priced or segmented. What a demerger does not do is insulate the investor from the risks inherent in the business and stock price volatility.

Hospitality Sector Growth Trends

The hospitality industry worldwide took a massive hit during the 2020 COVID-19 pandemic and the two years after. However, containment of the pandemic has led to a rebound in the hospitality industry, with the industry hitting 2019 highs. McKinsey research projects 3% annual growth in domestic lodging nights and expects this number to hit 19 billion by 2030, even as the global hospitality and tourism market exceeds $6 trillion in 2028.

Asian-Pacific destinations such as India, Korea, Vietnam, and Japan are seeing significant growth driven by strong overseas arrivals and revenues per room. This region has now surpassed the US and Europe to have a controlling majority in market share.

Travellers are now longing for more than just hotel lodging. They are paying for an experience. Non-traditional destinations such as Asia and the Middle East are at the top of the list of places that offer such experiences, giving brands such as ITC Hotels a geographical edge.

Sustainability is now a big thing, as travellers are now more conscious of the environment. Hotel brands that invest in eco-friendliness are projected to witness an 8% CAGR from 2021 to 2028, a much faster rate than the overall market.

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