IHCL ANNOUNCES FINANCIAL RESULTS FOR Q2 & H1 FY 2025-26

PRESSROOM

IHCL Announces Financial Results For Q2 & H1 Fy 2025-26

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~ MARKS FOURTEENTH CONSECUTIVE QUARTER OF RECORD PERFORMANCE

~ REACHES A PORTFOLIO OF 570 HOTELS

The Indian Hotels Company Limited (IHCL), India’s largest hospitality company, reported its consolidated financials for the second quarter ending September 30th, 2025.

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KEY CONSOLIDATED FINANCIAL RESULTS FOR Q2 AND H1 FY 2025-26

November 4, 2025|||

3 min

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Homepage > Press Room > IHCL ANNOUNCES FINANCIAL RESULTS FOR Q2 & H1 FY 2025-26

Mr. Puneet Chhatwal, Managing Director & CEO, IHCL, said, “Q2 FY2026 marks IHCL’s fourteenth consecutive quarter of record financial performancewith a revenue of INR 2,124 crores, a 12% growth over the previous year and a strong EBITDA margin of 30.8%, an expansion of 90 basis points. The revenue performance in the first half of the year was enabled by a 9% RevPAR growth, 22% growth in New Businesses and 21% growth in management fee income.”

He added, “IHCL continued its accelerated growth momentum in the first half of FY2026 with 46 signings to reach a portfolio of 570 hotels and opened 26 hotels crossing a milestone of 250+ operating hotels in India with over 25,000 rooms. Under our strategic partnership with Clarks group, 14 hotels have been successfully onboarded on our sales & distribution network,the remaining portfolio is set to migrate to IHCL’s brandscapein the coming months. In line with our guidance, Taj Bandstand, aniconic development for Mumbai skyline has commencedconstruction post securing necessary approvals. On the back of strong industry fundamentals, outlook for the second half of the fiscal remains strong with arebound in corporate travel, seasonal surge in social events and global conventions & trade fairs.”

Mr. Ankur Dalwani, Executive Vice President and Chief Financial Officer, IHCL said, “For Q2 FY2026, IHCL Standalone reported a revenue of INR 1,166 crores, clocking an EBITDA margin of 40.8%, an expansion of 220 basis points and a PAT margin of 24.8%.Planned renovations have been completed in the first seven months of this fiscal across key assets like Taj Fort Aguada Resort & Spa, Goa, Taj Palace, New Delhi and The Taj Mahal Palace, Mumbai.”

He added, “IHCL Consolidated continues to maintain a healthy balance sheet with a gross cash balance of INR 2,847 crores as on 30th September 2025.”

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KEY HIGHLIGHTS – H1 FY2026

FINANCIAL PERFORMANCE

-Consolidated hotels delivered a 9%ConsolidatedRevPAR growth with international consolidated portfolio clocking a 11% RevPAR growth.

-Management Fee income grew by 21%to INR 259 crores on the back of not like for like growth.

PORTFOLIO GROWTH

-IHCL signed 46 hotels across its brandscapeincluding multi hotel framework agreements with the Ambuja Neotia group for Taj, SeleQtions and Tree of Life brands and with Madison for the Ginger brand in south India.

-These signings included 9 Tajhotels in locations like Darjeeling, ECR Chennai, Pondicherry, Mohali and in Kruger National Park, South Africa, 17hotels across Vivanta, Gateway, Tree of Life and Ginger brands and 10 hotels each under SeleQtions and Brij.

-IHCL opened 26 hotels with a Taj in Alibaug, Raichak and Udaipur, on boarded The Claridges, New Delhi, SeleQtions resorts in Lakshadweep and in Haridwar, aVivanta in Thane, Gateway in Goa, Coorg and Ahmedabad, a Ginger in Dehradunand on boarded14 hotels of Brij and Clarks.

NEW & REIMAGINED BUSINESSSES

-The Air & Institutional Catering businesssegment (TajSATS) clocked arevenue of INR 577 croreswith12% sharefrom non-aviation,EBITDA of INR 136 crores andEBITDA marginstood at23.6%.

-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 atINR 362croreswith astrong EBITDARmargin of 41%.

-Qminhas grown to 104outlets across multiple formats, amã Stays & Trails has reached a portfolio of 331bungalows with 174 in pipeline and Tree of Life is at a 23 resorts portfolio with 5 in pipeline

PAATHYA | IHCL’S INDUSTRY-LEADING ESG+ FRAMEWORK

About The Indian Hotels Company Limited

The Indian Hotels Company Limited (IHCL) and its subsidiaries bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service. These include Taj – the iconic brand for the most discerning travellers and ranked as World’s Strongest Hotel Brand 2025 and India’s Strongest Brand 2025 as per Brand Finance; Claridges Collection, a curated set of boutique luxury hotels merging elegance with historical charm; SeleQtions, a named collection of hotels; Tree of Life, private escapes in tranquil settings; Vivanta, sophisticated upscale hotels; Gateway, full-service hotels designed to be your gateway to exceptional destinations and Ginger, which is revolutionising the lean luxe segment.

Incorporated by the founder of the Tata Group, Jamsetji Tata, the Company opened its first hotel – The Taj Mahal Palace, in Bombay in 1903. IHCL has a portfolio of 570 hotels including 302 in the pipeline globally across 4 continents, 14 countries and in over 250 locations. The Indian Hotels Company Limited (IHCL) is India’s largest hospitality company by market capitalization. It is listed on the BSE and NSE.