Muted performance (ex-residential) in Q4; Q1FY27 expected to be better on low base: ITC Hotel's consolidated hotel segment revenues reported mid-single digit growth of 6% YoY to Rs.1104cr in Q4FY26 impacted by the West Asia crisis. RevPAR grew by 3% YoY with ADR growing by 5% YoY and occupancy declining by ~160-170bps YoY to 74%. Q1FY27 is expected to report good growth in the hotel segment due to low base of Q1FY26 (impacted by Operation Sindoor). Further, H2FY27 is expected to witness further recovery if the geopolitical conditions subside led by line-up of MICE...