The Indian Hotels Company Limited (IHCL) announced its consolidated financial performance for the first quarter ending June 30, 2025, marking its thirteenth consecutive quarter of record growth.
Q1 FY26 YoY Performance Highlights:
| Metric | Q1 FY26 | Q1 FY25 | YoY Change |
|---|---|---|---|
| Revenue | ₹ 2,102 Cr | ₹ 1,596 Cr | ↑ 32% |
| EBITDA | ₹ 637 Cr | ₹ 496 Cr | ↑ 29% |
| EBITDA % | 30.3% | 31.0% | ↓ 0.7pp |
| PAT | ₹ 296 Cr | ₹ 248 Cr | ↑ 19% |
Note: Financials reflect TajSATS subsidiarisation from August 2024 onward.
Leadership Commentary
Puneet Chhatwal, MD & CEO, IHCL, highlighted the company’s diversified topline performance, strong hotel segment margins at 31.4%, and significant growth across new business verticals. “Despite global geopolitical headwinds, the hospitality sector continues to show resilience and sustained growth,” he said.
He also emphasized brand strength: “Taj continues its global dominance, 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 year.”
Key Operational Highlights
1. Financial and Operational Performance
- Domestic same-store hotels delivered an 11% RevPAR growth, 60% above industry average.
- International portfolio recorded 78% occupancy (↑460 bps), with a 13% RevPAR growth.
- Management fee income rose 17% to ₹133 Cr.
2. Portfolio Expansion
- 12 hotel signings: 5 Taj (incl. 3 luxury wildlife lodges in Kruger, South Africa), 2 SeleQtions, 2 Ginger, and one each under Gateway, Vivanta, and Tree of Life.
- 6 hotel openings: Taj Alibaug, 2 SeleQtions in Lakshadweep, Gateway Coorg, Ginger Dehradun.
3. Growth of New & Reimagined Businesses
- TajSATS (Air & Institutional Catering): ₹290 Cr revenue (↑21%), EBITDA margin 23.5%.
- New Businesses vertical: ₹212 Cr enterprise revenue (↑25%), ₹162 Cr consolidated revenue (↑27%).
- Ginger Hotels: ₹180 Cr revenue, 40% EBITDAR margin, 105-hotel portfolio (31 in pipeline).
- Qmin: 93 outlets.
- amã Stays & Trails: 309 bungalows, 138 operational.
- Tree of Life: 21-resort portfolio, 18 operational.
Paathya – IHCL’s ESG+ Framework
IHCL continued to advance its sustainability and social impact agenda under ‘Paathya’, reinforcing its commitment to responsible growth across all verticals.
Strong Standalone and Consolidated Balance Sheet
Ankur Dalwani, EVP & CFO, noted that IHCL Standalone clocked ₹1,099 cr in revenue (↑13%), with 38% EBITDA margin and 17% PAT growth to ₹245 cr. The consolidated entity ended Q1 with a healthy gross cash balance of ₹3,073 cr as of June 30, 2025.
