The Indian Hotels Company (IHCL) announced strong consolidated financial results for Q2 FY26, driven by diversified revenue streams and strategic partnerships. Revenue from operations increased by 12% to ₹2,041 Cr, while EBITDA rose by 16% to ₹653 Cr. The company remains confident in achieving double-digit revenue growth for the year, backed by strong fundamentals and strategic initiatives. Operational Efficiencies & margin improvements also contributed to this strong performance.
Key Highlights of Q2 FY26
IHCL has demonstrated a strong performance in Q2 FY26, marked by strategic expansions and robust financial results:
- Revenue from Operations: Increased by 12% to ₹2,041 Cr.
- EBITDA: Increased by 16% to ₹653 Cr, with an EBITDA margin of 30.8%.
- PAT: Reached ₹285 Cr, a 15% increase year-over-year.
Operational Milestones
Several key operational milestones were achieved during the quarter:
- The 75th operational Ginger Hotel opened in Ekta Nagar (151 keys).
- The 75th upscale/upper-upscale operational hotel, Vivanta Ekta Nagar (127 keys).
- The 250th operational hotel – Gateway Goa, Palolem.
Expansion and Growth
IHCL continues to expand its portfolio, maintaining a strong momentum of signings and openings. The company’s strategic initiatives include:
- Accelerated signings and openings, enhancing its presence across various segments.
- Gearing new businesses to scale up, leveraging strategic partnerships.
- Maintaining a healthy cash position to enable investments for future growth.
Strategic Partnerships
IHCL is focused on leveraging partnerships for leadership, unlocking the next phase of mid-scale growth with a portfolio of 240+ hotels across 29 states & UTs.
Financial Performance
The company achieved strong financial performance across key segments:
- Standalone Revenue: ₹1,166 Cr.
- EBITDA: ₹476 Cr, with an EBITDA margin of 40.8%.
Industry Outlook
IHCL benefits from consistent demand and limited supply in key cities, with industry tailwinds expected to continue. The company remains confident in delivering double-digit revenue growth, driven by:
- 18 Hotels expected to open in H2 (including 3 owned).
- Closure & consolidation of Clarks deal.
- Renovated assets back in operation with high yield.
Source: BSE