IHCL Reports Strong Q1 FY27 Performance: Revenue Surges 15% to INR 2,419 Crores and PAT Rises 21%

The Indian Hotels Company Limited (IHCL), India's premier hospitality leader, has released its unaudited consolidated financial results for the first quarter ended June 30, 2026. Backed by solid demand across its domestic portfolio and rapid expansion in its growth businesses, the company delivered double-digit top-line and bottom-line growth.

Key Financial Highlights

During the quarter ended June 30, 2026, IHCL achieved robust financial milestones:

Revenue from Operations: Reached INR 2,339.19 crores (INR 23,3919 lakhs), representing a 15% year-on-year growth compared to INR 2,041.08 crores in Q1 FY25.

Total Income: Stood at INR 2,419.37 crores (inclusive of other income of INR 80.18 crores).

Profit Before Tax (PBT): Climbed to INR 533.33 crores before exceptional items, compared to INR 439.82 crores in the corresponding quarter of the previous year.

Profit After Tax (PAT): Rose by 21% year-on-year to INR 358.81 crores (attributable to owners of the company at INR 357.90 crores).

Earnings Per Share (EPS): Basic and diluted EPS for the quarter (not annualized) stood at INR 2.51 per share (face value of INR 1 each), up from INR 2.08 in Q1 FY25.

RevPAR Growth: Recorded a 14% RevPAR growth from consolidated domestic like-for-like hotels.

Management Fees: Management fee income expanded by 26% to reach INR 168 crores.

Portfolio Expansion and Brand Milestones

IHCL continued its aggressive development strategy during the quarter:

Signings & Pipeline: IHCL signed 20 new hotels in Q1 FY27, bringing its total portfolio to 645 hotels with an industry-leading pipeline of 263 hotels.

New Markets: Out of the 20 new signings, 17 properties were across the Gateway, Ginger, and Tree of Life brands, pushing into emerging markets such as Bharatpur, Trichy, Sindhudurg, Jawai, Wayanad, alongside metropolitan hubs like Mumbai, Goa, Agra, and Kolkata.

Taj Milestone: The flagship brand Taj reached a landmark 150-hotel portfolio, bolstered by three new signings in Dharamshala, Barapani (Meghalaya), and Kusur Valley (Maharashtra).

Global Openings: IHCL opened 11 new hotels during the period, expanding its operating footprint to over 380 hotels. Notable openings include the Taj properties in Frankfurt and Greater Kruger (South Africa), alongside SeleQtions hotels in Ayodhya and Mumbai.

Performance of TajSATS and Growth Businesses

The company's alternative revenue streams and specialized business verticals also delivered exceptional momentum:

Air & Institutional Catering (TajSATS): Generated revenue of INR 300 crores, with an EBITDA of INR 62 crores and a strong EBITDA margin of 20.6%.

Growth Businesses: Encompassing Ginger, Qmin, amã Stays & Trails, and Tree of Life, this segment reported an enterprise revenue of INR 350 crores (a 65% growth) and consolidated revenue of INR 198 crores (a 22% growth).

Ginger: Delivered an enterprise revenue of INR 301 crores (a 68% growth) backed by an EBITDAR margin of 37%.

Qmin: Expanded to over 100 outlets across multiple formats, posting an enterprise revenue of INR 60 crores (a 23% growth).

amã Stays & Trails and Tree of Life: Achieved enterprise revenue growth of over 55%, posting INR 18 crores and INR 14 crores respectively.

Mr. Puneet Chhatwal, Managing Director & CEO, IHCL, said, "Q1 FY2027 marks the seventeenth consecutive best ever quarter with a Consolidated revenue of INR 2,419 crores, a 15% growth over the previous year. For the quarter EBITDA stood at INR 753 crores with EBITDA margin at 31.1%, an expansion of 80 basis points. This consistent performance is reflective of IHCL's diversified brands and businesses offsetting the impact of macro headwinds. The key revenue drivers were 14% RevPAR growth in domestic like for like hotels, 22% increase in revenue of Growth Businesses, 26% growth in management fee income and the strong performance of our recent acquisitions. IHCL clocked 20 signings taking the portfolio to 645 hotels with a pipeline of 263 and opened 11 hotels including a Taj in Frankfurt and Kruger National Park, South Africa. We migrated 15 hotels from the ANK Hotels and Pride Hospitality portfolio to IHCL's brandscape and will continue this momentum in the coming quarters."

He added, "Taj is once again India's Strongest Brand across sectors on Brand Finance 'India 100 2026' report, marking the fifth consecutive year the brand has achieved this distinction. Driven by the strength of our diversified brandscape, performance of the new acquisitions, not like for like growth momentum and robust domestic demand across business and leisure segments, we maintain our guidance of double-digit revenue growth for the fiscal year."

Shares of The Indian Hotels Company Limited was last trading in BSE at Rs. 732.60 as compared to the previous close of Rs. 725.05. The total number of shares traded during the day was 135687 in over 4254 trades.

The stock hit an intraday high of Rs. 742.00 and intraday low of 716.20. The net turnover during the day was Rs. 98357194.00.

Source : Equity Bulls

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TheIndianHotelsCompany INE053A01029 IHCL Q1FY27 Q1FY2027 ResultUpdate