The Indian Hotels Company Limited (IHCL) has reported a record-breaking fiscal year 2026, marking its 16th consecutive quarter of growth. The company achieved a consolidated revenue of INR 9,971 crores, a 16% year-on-year increase, and crossed the milestone of INR 2,000 crores in profit after tax. With a robust capital-light expansion strategy and strong operational discipline, IHCL continues to strengthen its leadership across both luxury and mid-scale market segments.
FY26 Financial Highlights
IHCL delivered a stellar financial performance for the fiscal year ended March 31, 2026. On a consolidated basis, the company reported INR 9,971 crores in revenue, representing a 16% year-on-year growth. EBITDA also rose by 16% to reach INR 3,477 crores, maintaining a healthy margin of 34.9%. The fourth quarter was particularly strong, with consolidated revenue growing 14% to INR 2,845 crores and EBITDA margins reaching 37%.
Strategic Growth and New Businesses
The company’s new business vertical—including brands like Ginger, Qmin, and Ama—saw 25% growth in FY26, contributing INR 753 crores to consolidated revenue. The Ginger brand demonstrated exceptional operational success, with its flagship Mumbai Airport property crossing INR 100 crores in revenue and achieving a 56% EBITDA margin.
Capital-Light Expansion and Future Outlook
IHCL remains committed to a capital-light growth model, with 93% of its pipeline and 68% of its current operating portfolio under management or asset-light formats. With over 630 hotels in its portfolio and a pipeline of 31,000-plus keys, the company is well-positioned for future expansion. Management expects to open 60-plus new hotels in FY27 and remains confident in sustaining double-digit revenue growth despite ongoing macroeconomic headwinds.
Shareholder Value
Reflecting its strong cash generation capabilities, the Board has proposed a dividend of INR 3.25 per equity share, marking a 44% increase over the previous year. This includes a one-time special dividend of INR 0.50 to commemorate the company’s 125th Annual General Meeting, demonstrating IHCL’s commitment to delivering long-term value to its stakeholders.
Source: BSE
