IHCL has reported its consolidated financials for first quarter ending June 30, 2026
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.”
Ankur Dalwani, Executive Vice President and Chief Financial Officer, IHCL said, “In Q1 FY2027, IHCL Standalone reported a revenue of INR 1,298 crores, driven by a RevPAR growth of 14%, clocking a strong EBITDA margin of 41.8%, an expansion of 380 basis points and a PAT of INR 337 crores. A key facet of this performance is the contribution of the renovated assets in key markets of Goa, Delhi and Bengaluru.”
He added, “Maintaining a strong balance sheet, IHCL Consolidated reported a gross cash of INR 4,439 crores as on June 30th, 2026.”
KEY HIGHLIGHTS
| FINANCIAL PERFORMANCE |
| 14% RevPAR growth from Consolidated domestic like for like hotels. Management Fee income grew by 26% to INR 168 crores on the back of not like for like growth. |
| PORTFOLIO GROWTH |
IHCL signed 20 hotels in the first quarter of FY2027 reaching a portfolio of 645 hotels with an industry leading pipeline of 263 hotels. 17 of the 20 signings were across Gateway, Ginger and Tree of Life including new and emerging markets like Bharatpur, Trichy, Sindhudurg, Jawai, Wayanad and in Mumbai, Goa, Agra and KolkataTaj reached a milestone of 150 hotel portfolio with 3 signings in Dharamshala, Barapani- Meghalaya and Kusur valley-Maharashtra.IHCL opened 11 hotels taking its operating portfolio to over 380 hotels with the opening of Taj in Frankfurt and Greater Kruger, South Africa, SeleQtions in Ayodhya and Mumbai among others. |
| TajSATS & GROWTH BUSINESSSES |
The Air & Institutional Catering segment (TajSATS) clocked a revenue of INR 300 crores, EBITDA of INR 62 crores and EBITDA margin of 20.6%. Growth Businesses comprising of Ginger, Qmin, amã Stays & Trails and Tree of Life reported an Enterprise revenue of INR 350 crores, a growth of 65% and Consolidated revenue of INR 198 crores, a growth of 22%.Enterprise Revenue of Ginger stood at INR 301 crores, 68% growth with an EBITDAR margin of 37%. Qmin has grown to over 100 outlets across multiple formats with an Enterprise revenue of INR 60 crores, a 23% growth. amã Stays & Trails and Tree of Life clocked Enterprise revenue growth of over 55% at INR 18 crores and INR 14 crores respectively. |
| PAATHYA | IHCL’S INDUSTRY-LEADING ESG+ FRAMEWORK |
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