The Indian Hotels Company Limited (IHCL) has announced strong financial results for Q2 and H1 FY 2025-26, marking its fourteenth consecutive quarter of record performance. The company has reached a portfolio of 570 hotels. For Q2, revenue increased by 12%, and EBITDA rose by 16%. IHCL continues its accelerated growth momentum, reaching new milestones in portfolio expansion and brand recognition.
Financial Highlights for Q2 FY26
IHCL’s Q2 FY26 results showcase significant growth:
- Revenue increased by 12% to ₹2,124 Cr.
- EBITDA increased by 16% to ₹653 Cr, with an EBITDA margin of 30.8%.
- PAT increased by 15%* to ₹285 Cr.
*Excluding one-off exceptional gain.
Financial Highlights for H1 FY26
The company sustained its growth trajectory in the first half of the fiscal year:
- Revenue increased by 21% to ₹4,226 Cr.
- EBITDA increased by 22% to ₹1,291 Cr, with an EBITDA margin of 30.5%.
- PAT increased by 17%* to ₹581 Cr.
*Excluding one-off exceptional gain.
Strategic Growth and Expansion
IHCL continued its accelerated growth momentum in H1 FY26, achieving 46 signings and reaching a portfolio of 570 hotels. The company opened 26 hotels, crossing a milestone of 250+ operating hotels in India with over 25,000 rooms. The strategic partnership with Clarks group has successfully onboarded 14 hotels onto IHCL’s sales & distribution network. Construction has commenced on Taj Bandstand, an iconic development in Mumbai.
Key Operational Performance
Key factors driving IHCL’s strong performance include:
- A 9% RevPAR growth in consolidated hotels.
- 22% growth in New Businesses.
- 21% growth in management fee income.
New & Reimagined Businesses Performance (H1 FY26)
- The Air & Institutional Catering business segment (TajSATS) clocked a revenue of INR 577 crores with 12% share from non-aviation, EBITDA of INR 136 crores and EBITDA margin stood at 23.6%.
- New Businesses comprising of Ginger, Qmin, amã Stays & Trails and Tree of Life reported an Enterprise revenue of INR 423 crores, a growth of 21% and Consolidated revenue of INR 324 crores, a growth of 22%.
- Enterprise Revenue of Ginger stood at INR 362 crores with a strong EBITDAR margin of 41%.
- Qmin has grown to 104 outlets across multiple formats, amã Stays & Trails has reached a portfolio of 331 bungalows with 174 in pipeline and Tree of Life is at a 23 resorts portfolio with 5 in pipeline.
Awards & Accolades
IHCL has received several awards and accolades, including:
- Ranked as World’s Strongest Hotel Brand 2025 by Brand Finance.
- Recognized as India’s Strongest Brand across sectors for the fifth time by Brand Finance.
- Mr. Puneet Chhatwal awarded Hall of Fame at the BW India International Hospitality Awards 2025.
Source: BSE