Benares Hotels Ltd

Income from operations increased 35.5% YoY to Rs 33.88 crore in Q1 FY27 from Rs 25.01 crore in the corresponding quarter last year. Total expenses rose 45.5% YoY to Rs 24.14 crore during the quarter, compared with Rs 16.59 crore in Q1 FY26. Cost of materials consumed increased 37.8% YoY to Rs 2.55 crore, while employee benefit expenses rose 30.4% YoY to Rs 5.27 crore. Profit before tax stood at Rs 11.07 crore in Q1 FY27, up 8.6% from Rs 10.19 crore in the year-ago quarter. Taj Nadesar Palace received the BSQA Gold certification, while Taj Ganges, Varanasi, was awarded the BSQA Green certification. During the quarter, Taj Ganges, Varanasi, also hosted the BRICS delegation in June 2026. Anant Narain Singh, Chairman of Benares Hotels, said the company reported a 31% year-on-year increase in revenue to Rs 35 crore in the first quarter, with EBITDA at Rs 14 crore and an EBITDA margin of 39%. Profit after tax stood at Rs 8 crore. He attributed the revenue growth primarily to the addition of 100 rooms at Taj Ganges. Singh said the company remains optimistic about the outlook for the year, supported by expected seasonal demand for the destination. Separately, Benares Hotels appointed Thomas Kunjukunju as chief financial officer (CFO), designated as a key managerial personnel (KMP), effective July 14, 2026. The appointment was approved based on the recommendations of the Audit & Risk Management Committee and the Nomination & Remuneration Committee. Kunjukunju brings over 30 years of experience in the hospitality sector, with expertise in finance, treasury and hotel operations. He holds a Post Graduate Diploma in Business Management (PGDBM), Master of Commerce and Bachelor of Commerce degrees from Kerala University, Thiruvananthapuram. During his career, Kunjukunju has held leadership positions at The Claridges, Taj Exotica Resort & Spa, Goa, and Taj Cochin International Airport, Kochi. He was also part of the pre-opening teams for The Claridges Surajkund, Delhi NCR, and Taj Cochin International Airport. Prior to joining the hospitality industry, he gained professional experience with Essilor's India operations and Chemline in Delhi. Benares Hotels (BHL) operates its hotels, viz. Taj Ganges and Taj Nadesar Palace in Varanasi, and Ginger, Gondia in Maharashtra. The scrip shed 0.95% to Rs 10,250 on the BSE. Powered by Capital Market - Live

Net profit of Benares Hotels rose 8.84% to Rs 8.25 crore in the quarter ended June 2026 as against Rs 7.58 crore during the previous quarter ended June 2025. Sales rose 35.51% to Rs 33.89 crore in the quarter ended June 2026 as against Rs 25.01 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales33.8925.01 36 OPM %36.8540.10 - PBDT13.7011.71 17 PBT11.0710.20 9 NP8.257.58 9 Powered by Capital Market - Live

Benares Hotels will hold a meeting of the Board of Directors of the Company on 14 July 2026.

Benares Hotels has fixed 16 July 2026 as record date for determining entitlement of Members to receive the dividend financial year 2025-26.

Benares Hotels announced that the 55th Annual General Meeting(AGM) of the company will be held on 23 July 2026.

Benares Hotels announced that the Board of Directors of the Company at its meeting held on 29 April 2026, inter alia, have recommended the final dividend of Rs 25 per equity Share (i.e. 250%) , subject to the approval of the shareholders.

Net profit of Benares Hotels declined 4.36% to Rs 15.35 crore in the quarter ended March 2026 as against Rs 16.05 crore during the previous quarter ended March 2025. Sales declined 1.06% to Rs 48.60 crore in the quarter ended March 2026 as against Rs 49.12 crore during the previous quarter ended March 2025. For the full year,net profit declined 0.02% to Rs 43.24 crore in the year ended March 2026 as against Rs 43.25 crore during the previous year ended March 2025. Sales rose 2.71% to Rs 139.14 crore in the year ended March 2026 as against Rs 135.47 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales48.6049.12 -1 139.14135.47 3 OPM %44.9244.22 -42.8643.79 - PBDT23.0723.01 0 65.0164.14 1 PBT20.7321.49 -4 58.2058.11 0 NP15.3516.05 -4 43.2443.25 0 Powered by Capital Market - Live

Benares Hotels will hold a meeting of the Board of Directors of the Company on 29 April 2026.

Sumit Singh Deol has pursued Hotel Management from IHM Chennai and joined IHCL in 2010 as a Restaurant Manager in Taj Coromandel, Chennai. He has vast experience in Food & Beverage and General Management. He has successfully led the teams at Taj Taal Kutir and Taj Coromandel, Chennai. He has been awarded various laurels. Benares Hotels (BHL) is a listed public company incorporated in 1971. Its portfolio comprises Taj Ganges and Taj Nadesar Palace, in Varanasi, as well as Ginger Gondia in Maharashtra. Since 2011, BHL has been a subsidiary of Indian Hotels Company (IHCL). The company's standalone net profit increased 5.7% to Rs 14.33 crore on 7.1% increase in net sales to Rs 41.63 crore in Q3 FY26 over Q3 FY25. The scrip shed 0.02% to Rs 9,501.05 on the BSE.Powered by Capital Market - Live

Income from operations jumped 7.10% to Rs 416.28 crore in Q3 FY25 as against Rs 388.65 crore in Q3 FY25. Total expenses rose 8.62% to Rs 236.39 crore in Q3 FY26, compared to Rs 217.63 crore reported in Q3 FY25. Cost of material consumed stood at Rs 29.36 crore (up 3.89% YoY), employee benefit expenses were at Rs 47.09 crore (up 19.70% YoY) during the period under review. Profit before tax stood at Rs 188.82 crore in the quarter ended 31 December 2025, up 3% as against Rs 183.31 crore recorded in the corresponding quarter previous year. Benares Hotels has been recognised as India's Strongest Brand across sectors in Brand Finance's Brand Value Report India 2024. Taj Nadesar Palace, Varanasi, part of Benares Hotels, secured No. 3 in the Best Hotels in India list at the Cond' Nast Traveller Readers' Choice Awards 2025, while Taj Ganges, Varanasi was honoured for its outstanding contribution to environmental sustainability by the Travel Welfare Association of Varanasi. Dr. Anant Narain Singh, Chairman of Benares Hotels (BHL), said, 'BHL reported a strong Q3 FY26 performance with revenue of Rs 416.28 crore, EBITDA of Rs 158.80 crore at 48% EBITDA margin, and PAT of Rs 14.23 crore. Revenue growth was supported by a 6% RevPAR increase, primarily led by rate growth.' He added, 'Taj Ganges's new wing comprising 100 rooms is scheduled to become operational in February 2026.' Benares Hotels (BHL) is a listed public limited company incorporated in 1971. Its hotel portfolio includes Taj Ganges and Taj Nadesar Palace in Varanasi and Ginger, Gondia in Maharashtra. BHL since 2011 is a subsidiary of The Indian Hotels Company Limited (IHCL). Shares of Benares Hotels shed 0.01% to Rs 9,650 on the BSE. Powered by Capital Market - Live