Indian Hotels Company Ltd

Indian Hotels Company has received upgrade in credit ratings for long term fund based facilities of Rs 15 crore at ICRA AAA; Stable. Powered by Capital Market - Live

Profit before tax increased 44.29% year on year (YoY) to Rs 1,203.46 crore in the quarter ended December 2025. EBITDA stood at Rs 1,076 crore in December 2025 quarter, registering the growth of 12%, compared with Rs 962 crore in Q3 FY25. EBITDA margin declined to 37.9% in Q3 FY26 as against 38% in Q3 FY25. Indian Hotels Company's consolidated same-store hotels reported a 9% growth in RevPAR. Management fee income rose 15% to Rs 203 crore, driven by not-like-for-like growth. In Q3 FY26, IHCL signed 239 hotels across its brandscape, including strategic acquisitions and partnerships with Clarks Group, Madison, Rajdarbar Group, Ambuja Neotia, and Atmantan. The company opened and onboarded 120 hotels, taking its operating portfolio to 361 hotels with an inventory of over 32,000 rooms. Puneet Chhatwal, MD & CEO, IHCL, said, 'Q3 FY2026 marks fifteenth consecutive quarter of record performance with a Consolidated revenue of Rs 2,900 crores, a 12% growth over the previous year, EBITDA of 1,134 crores and an EBITDA margin of 39.1%. The revenue in the quarter was driven by a strong same store performance, not like for like growth, supported by a 17% growth in airline and institutional catering and 31% growth in New Businesses. The hotel segment reported a revenue of Rs 2,579 crores resulting in the best ever quarterly EBITDA of Rs 1,050 crores.' He added, 'IHCL continued its growth momentum in FY2026 with 239 signings to reach a portfolio of 617 hotels and opened and onboarded 120 hotels, led by strategic partnerships and acquisitions. Under Accelerate 2030, IHCL expanded its brandscape with the acquisition of controlling stake in Atmantan, an integrated wellness brand and entered into definitive agreements to acquire 51% stake in Brij, a boutique experiential leisure offering and scaled the Ginger brand with 51% acquisition in ANK & Pride Hospitality. IHCL Consolidated continues to maintain a healthy balance sheet with a gross cash balance of INR 3,877 crores as on 31st December 2025. IHCL is well placed to deliver sustained performance enabled by a diversified topline across brands, geographies and contract types.' Ankur Dalwani, executive vice president & chief financial officer (CFO), IHCL said, 'For Q3 FY2026, IHCL Standalone reported a revenue of Rs 1,654 crores, clocking a strong EBITDA margin of 48.2%, an expansion of 40 basis points and a PAT of Rs 921 crores post Exceptional Items.' He added, 'During the nine months ending December 2025, IHCL Consolidated generated cash of about INR 1,600 crores and undertook capital expenditure to the tune of INR 750 crores towards greenfield projects at Ekta Nagar, Taj Frankfurt, brownfield expansion at Taj Ganges Varanasi and the upcoming Taj Bandstand project along with renovations to key hotels such as Taj Palace Delhi, Taj Fort Aguada Goa, President Mumbai and St James Court London among others.' The Indian Hotels Company (IHCL) and its subsidiaries bring together a group o brands and businesses that offer a fusion of warm Indian hospitality and world-class service. Shares of Indian Hotels Company declined 2.87% to Rs 691.20 on the BSE. Powered by Capital Market - Live

Net profit of Indian Hotels Co rose 55.11% to Rs 903.23 crore in the quarter ended December 2025 as against Rs 582.32 crore during the previous quarter ended December 2024. Sales rose 12.20% to Rs 2841.96 crore in the quarter ended December 2025 as against Rs 2533.05 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales2841.962533.05 12 OPM %37.8537.97 - PBDT1078.27967.97 11 PBT927.95834.03 11 NP903.23582.32 55 Powered by Capital Market - Live

Indian Hotels Company will hold a meeting of the Board of Directors of the Company on 12 February 2026.Powered by Capital Market - Live

The brokerage said Indian Hotels Company has built a strong hospitality ecosystem by leveraging the Taj brand, delivering industry-leading return ratios and healthy free cash flow generation. However, it noted that while the current revenue per available room (RevPAR) cycle remains strong, the scope for further upside surprises appears limited. The brokerage expects domestic hotel RevPAR growth of around 9-10% in Q3 FY26, with EBITDA likely to rise about 10% year-on-year. It, however, reduced its earnings per share estimates for FY26-28 by 2-3%, citing slightly lower RevPAR assumptions and margin expectations. The brokerage added that the stock's FY27 enterprise value to EBITDA multiple of 27.5x fairly captures the risk-reward balance. Indian Hotels Company operates a diversified portfolio of hospitality brands spanning luxury, upscale and lean luxe segments, led by the Taj brand, along with Claridges Collection, SeleQtions, Tree of Life, Vivanta, Gateway and Ginger. Founded by Jamsetji Tata, IHCL opened its first property, The Taj Mahal Palace in Mumbai, in 1903. As of now, the company has a portfolio of 602 hotels worldwide, including 247 properties under development, with a presence across four continents, 14 countries and more than 250 locations. On a consolidated basis, Indian Hotels Co's net profit declined 48.62% to Rs 284.92 crore while net sales rose 11.76% to Rs 2040.89 crore in Q2 September 2025 over Q2 September 2024. Powered by Capital Market - Live

Net profit of Indian Hotels Co declined 48.62% to Rs 284.92 crore in the quarter ended September 2025 as against Rs 554.58 crore during the previous quarter ended September 2024. Sales rose 11.76% to Rs 2040.89 crore in the quarter ended September 2025 as against Rs 1826.12 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales2040.891826.12 12 OPM %27.9327.45 - PBDT597.43513.14 16 PBT452.71388.21 17 NP284.92554.58 -49 Powered by Capital Market - Live

Indian Hotels Company will hold a meeting of the Board of Directors of the Company on 4 November 2025.Powered by Capital Market - Live

The investment will be made by subscribing to 63,000 equity shares of $10 each at an issue price of $28 per share, including a premium of $18 per share, on a rights basis. The transaction, which is expected to be completed by November 7, 2025, is not a related party transaction, the company said in its filing. The consideration for the acquisition will be made entirely in cash. IHCL stated that the proceeds from this investment will be infused into St. James Court Hotels, a step-down subsidiary, to facilitate repayment of debt in that entity. OIHK, incorporated on September 8, 1994, operates in the hospitality sector and is based in Hong Kong. The subsidiary reported a turnover of US$ 245,988 (Rs 2.18 crore) in FY2024'25, US$ 506,054 (Rs 4.49 crore) in FY2023'24, and US$ 214,816 (Rs 1.91 crore) in FY2022'23. There will be no change in the shareholding structure, with IHCL continuing to hold 100% ownership in OIHK following the acquisition. The company added that no governmental or regulatory approvals are required for the transaction. Indian Hotels Company (IHCL) and its subsidiaries bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service. The company's consolidated net profit rose 19.31% to Rs 296.37 crore on 31.66% surge in revenue from operations to Rs 2,041.08 crore in Q1 FY26 over Q1 FY25. Shares of Indian Hotels Company rose 0.28% to close at Rs 125.05 on the BSE. Powered by Capital Market - Live

Indian Hotels Co has through a rights issue acquired 2,01,659 equity shares of the face value of Rs 10 at issue price of Rs 5000/- per share, for cash at premium of Rs 4,990 per equity share aggregating to Rs 1,00,82,95,000 of ELEL Hotels and Investment, its wholly- owned subsidiary. Powered by Capital Market - Live

Profit before tax increased 33.89% year on year (YoY) to Rs 439.82 crore in the quarter ended June 2025. EBITDA stood at Rs 637 crore in June 2026 quarter, registering the growth of 29% as compared with Rs 496 crore in Q1 FY25. EBITDA margin improved to 30.3% in Q1 FY26 as against 30% in Q1 FY25. Puneet Chhatwal, managing director & CEO, IHCL, said, 'Q1 FY2026 marks the thirteenth consecutive quarter of record performance. In line with our guidance, the company reported a double-digit growth in consolidated revenue. The hotel segment's revenue at Rs 1,814 crore grew by 14% leading to a strong EBITDA margin of 31.4%. This performance was enabled by diversification of our top line across same store hotels, not like for like growth and New Businesses consolidated revenue growing by 27% over the previous year. The hospitality sector, despite geopolitical headwinds continues to show resilience and sustained growth.' He added, 'IHCL continued its growth momentum with 12 signings taking the portfolio to 390+ hotels and opened 6 new hotelsin the quarter. Maintaining its leadership, Taj continues to be an icon in the global hospitality landscape with the brand being recently ranked by Brand Finance-UK as the World's Strongest Hotel Brand 2025 for the fourth time and India's Strongest Brand across sectors for the fifth time.' Ankur Dalwani, executive vice president and chief financial officer, IHCL said, 'On the back of strong domestic demand, IHCL Standalone reported a revenue of Rs 1,099 crore, an increase of 13% over the previous year, clocking an EBITDA margin of 38.0% and a 17% growth in PAT at Rs 245 crore. IHCL Consolidated continues to maintain a healthy balance sheet with a gross cash balance of Rs 3,073 crore as on 30th June 2025.' Indian Hotels Company Limited (IHCL) and its subsidiaries bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service. Powered by Capital Market - Live