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Informist, Tuesday, Jul. 21, 2026

 

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--Indian Hotels Apr-Jun consol net profit INR 3.58 bln 
--Analysts saw Indian Hotels Apr-Jun consol net profit at INR 3.77 bln 
--Indian Hotels Apr-Jun consol revenue INR 23.39 bln 
--Analysts saw Indian Hotels Apr-Jun consol revenue at INR 22.97 bln 
--Indian Hotels Apr-Jun consol PAT INR 3.58 bln vs INR 2.96 bln yr ago 
--Indian Hotels Apr-Jun consol revenue INR 23.39 bln vs INR 20.41 bln yr ago 
--Indian Hotels Q1 hotel svcs sales INR 20.45 bln vs INR 17.54 bln yr ago 
--Indian Hotels Q1 catering ops sales INR 2.96 bln vs INR 2.88 bln year ago 
--Indian Hotels Apr-Jun consol EBITDA INR 7.53 bln, up 18% on year 
--Indian Hotels Apr-Jun consol EBITDA margin 31.1%, up 80 bps on year 
--Indian Hotels:Like-to-like growth in revenue per available room was 14% Q1 
--Indian Hotels MD:Retaining guidance of double-digit revenue growth for FY27

--Indian Hotels: Expect to open over 1,200 keys across 14 hotels in Jul-Sept 

--Indian Hotels Apr-Jun consol mgmt fee income INR 1.68 bln, up 26% on year 

--Indian Hotels Apr-Jun consol room revenue INR 9.94 bln, up 13% on year 

 

By Avishek Rakshit and Eshitva Prakash

 

KOLKATA/MUMBAI – Indian Hotels Co. Ltd. Tuesday reported around 21% on year rise in its consolidated net profit for the June quarter at INR 3.58 billion, marginally lagging the Street's projection of INR 3.77 billion. The profit boost came in primarily from higher revenue from its hotels services operations which improved the top line as well.

 

The country's largest hotelier reported around 15% on year increase in its consolidated revenue from operations at INR 23.39 billion which was ahead of the Street's expectation of INR 22.97 billion.

 

In the year-ago period, Indian Hotels had reported a net profit of INR 2.96 billion on revenues of INR 20.41 billion.

 

Revenue from hotel services which account for 87% of the company's top line grew nearly 17% on year to INR 20.45 billion, but the revenue from air and institutional catering services, which account for the remaining 13% of the revenue increased only 3% on year to INR 2.96 billion in the June quarter. 

 

In a statement, the hotelier said that the key revenue drivers in the June quarter were 14% revenue per available room 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 its recent acquisitions. RevPAR, or revenue per available room, is a key financial performance indicator in the hospitality industry which measures a hotel's overall financial health by evaluating how effectively it fills its rooms while maximising the average rate charge. 

 

In the June quarter, Indian Hotels clocked 20 new signings, taking the total portfolio to 645 hotels with a pipeline of 263 properties, and opened 11 hotels including a Taj branded hotel in Frankfurt and Kruger National Park, South Africa. The Taj brad of luxury hotels reached a milestone of 150 hotel portfolio with three signings in Dharamshala in Himachal Pradesh, Barapani in Meghalaya, and Kusur Valley in Maharashtra.

 

"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," Puneet Chhatwal, managing director and chief executive officer at Indian Hotels, said in the statement. 

 

The company's growth businesses, comprising Ginger, Qmin, am Stays & Trails and Tree of Life branded properties reported an enterprise revenue of INR 3.5 billion, registering a 65% on-year growth, while revenues from these brands increased 22% on year to INR 1.98 billion. Management fee income in the June quarter grew by 26% on year to INR 1.68 billion on the back of not like-for-like growth.

 

While the top line gained momentum on back of revenue growth per available room, the company's earnings before interest, tax, depreciation, and amortisation increased 18% on year to INR 7.53 billion in the June quarter and EBITDA margin increased 80 basis points on year to 31.1%. 

 

Indian Hotels' operating and general expenses grew around 17% on year to INR 7.68 billion and the addition of new properties led employee benefit expenses to increase around 12% on year to INR 6.69 billion. Food and beverage consumed, which is the cost borne by the hotel towards generating revenue from food and beverage sales and catering services, increased around 10% on year to INR 2.29 billion in the June quarter. Effectively, total costs rose over 13% on year to INR 18.86 billion in the June quarter.

 

Optimist about a good start to the current financial year, Chhatwal said, "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."  

 

The hotelier said it expects to open 1,200 keys across 14 hotels in the September quarter. In the June quarter, the company opened 700 rooms across 11 hotels. It currently has an operational inventory of 33,609 keys across 382 hotels, including those owned by the company, its joint ventures and associates, and managed contracts and distribution arrangements.

 

For the June quarter, the company's consolidated revenue from management fee rose 26% on year to INR 1.68 billion. It reported a consolidated room revenue of INR 9.94 billion, up 13% on year. The company reported its earnings after market hours Tuesday. Its shares ended nearly 1% higher than Monday at INR 731.60 apiece on the National Stock Exchange.  End

 

Edited by Akul Nishant Akhoury

 

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