ITC Hotels debuts at ₹173.5, down 3.6%, eyes 200 hotels by 2030

ITC Hotels listed on January 29, is trading at ₹173.5, down 3.6% from the listing price and 33.46% from its pre-demerger price of ₹260. Projected revenue for FY25 is ₹3,680 crore with EBITDA of ₹1,180 crore. Valued between ₹22,000-23,500 crore, it aims for growth with plans to expand to 200 hotels by 2030. The company remains debt-free, with ₹1,500 crore in cash reserves.