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IHCL Announces Financial Results For Q3 Fy 2025-26
- MARKS FIFTEENTH CONSECUTIVE RECORD QUARTER
- REVENUE AT INR 2,900 CRORES, UP 12% YoY
- EBITDA AT INR 1,134 CRORES; PAT AT INR 903 CRORES
- REACHES A PORTFOLIO OF 617 HOTELS; INDUSTRY LEADING PIPELINE OF 256 HOTELS
The Indian Hotels Company Limited (IHCL), India’s largest hospitality company, reported its consolidated financials for third quarter and nine months ending December 31st, 2025.
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CONSOLIDATED FINANCIAL RESULTS FOR Q3 AND NINE MONTHS ENDED 31ST DECEMBER 2025
February 12, 2026|||
3 min
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*PAT is after Exceptional Items which mainly include Profit on Sale of entire equity stake in a joint venture company of INR 327 crores (net of tax) and an impact on account of New Labour Codes of INR 37 crores (net of tax). PY 9M PAT included one-time exceptional gain of INR 307 Cr on account of TajSATS consolidation
Mr. Puneet Chhatwal, Managing Director & CEO, IHCL, said, “Q3 FY2026 marks fifteenth consecutive quarter of record performance with a Consolidated revenue of INR 2,900 crores, a 12% growth over the previous year, EBITDA of INR 1,134 crores and an EBITDA margin of 39.1%. The revenue in the quarter was driven by a strong same store performance, not like for like growth, supported by a 17% growth in airline and institutional catering and 31% growth in New Businesses. The hotel segment reported a revenue of INR 2,579 crores resulting in the best ever quarterly EBITDA of INR 1,050 crores.”
He added, “IHCL continued its growth momentum in FY2026 with 239 signings to reach a portfolio of 617 hotels and opened and onboarded 120 hotels, led by strategic partnerships and acquisitions. Under Accelerate 2030, IHCL expanded its brandscape with the acquisition of controlling stake in Atmantan, an integrated wellness brand and entered into definitive agreements to acquire 51% stake in Brij, a boutique experiential leisure offering and scaled the Ginger brand with 51% acquisition in ANK & Pride Hospitality. IHCL Consolidated continues to maintain a healthy balance sheet with a gross cash balance of INR 3,877 crores as on 31st December 2025. IHCL is well placed to deliver sustained performance enabled by a diversified topline across brands, geographies and contract types.”
Mr. Ankur Dalwani, Executive Vice President and Chief Financial Officer, IHCL said, “For Q3 FY2026, IHCL Standalone reported a revenue of INR 1,654 crores, clocking a strong EBITDA margin of 48.2%, an expansion of 40 basis points and a PAT of INR 921 crores post Exceptional Items.”
He added, “During the nine months ending December 2025, IHCL Consolidated generated cash of about INR 1,600 crores and undertook capital expenditure to the tune of INR 750 crores towards greenfield projects at Ekta Nagar, Taj Frankfurt, brownfield expansion at Taj Ganges Varanasi and the upcoming Taj Bandstand project along with renovations to key hotels such as Taj Palace Delhi, Taj Fort Aguada Goa, President Mumbai and St James Court London among others.”
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 617 hotels including 256 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.
Please visit: IHCL; Taj; Claridges Collection; Brij Hotels; Atmantan; SeleQtions; Gateway; Vivanta; Tree of Life; Ginger
For media queries, please contact: corpcomm@ihcltata.com
IHCL AWARDS & ACCOLADES FY26
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BRAND FINANCE’S 'HOTELS 50 2025' ANNUAL REPORT - TAJ RANKED WORLD'S STRONGEST HOTEL BRAND FOR THE FOURTH TIME BRAND FINANCE’S COVETED 'INDIA 100 2025' REPORT - TAJ RECOGNISED AS INDIA’S STRONGEST BRAND ACROSS SECTORS FOR THE FIFTH TIME MERCEDES-BENZ HURUN INDIA BEST OF THE BEST BRANDS 2025 - TAJ RECOGNISED AS BEST HOTEL BRAND IN INDIA MR. PUNEET CHHATWAL, MANAGING DIRECTOR & CEO, IHCL AWARDED HALL OF FAME AT THE BW INDIA INTERNATIONAL HOSPITALITY AWARDS 2025 MR. PUNEET CHHATWAL, MANAGING DIRECTOR & CEO, IHCL HONOURED WITH THE 101 ICON HOTELIER OF THE WORLD – LIFETIME ACHIEVEMENT AWARD 2025 MR. PUNEET CHHATWAL, MD & CEO, IHCL, RECOGNISED AS INDIA’S BEST CEO IN HOSPITALITY AT FORTUNE INDIA BEST CEOS 2025 AWARDS IHCL AWARDED THE DISRUPTOR – HUMAN CAPITAL MANAGEMENT AT SAP ACE AWARDS 2025 IHCL RECOGNISED AS TURNAROUND STAR AT FORBES LEADERSHIP AWARDS 2025 IHCL RECOGNISED AS BEST INHOUSE TEAM OF THE YEAR AT IPRCCA 2025 IHCL RECOGNISED AS THE BEST GOVERNED COMPANY IN LISTED SEGMENT – LARGE CATEGORY ACROSS SECTORS AT THE ICSI NATIONAL AWARDS FOR EXCELLENCE IN CORPORATE GOVERNANCE 2025 IHCL CONFERRED WITH THE BEST AUDIT COMMITTEE AWARD 2024–25 AT THE ASIA BUSINESS RESPONSIBILITY SUMMIT IHCL RECOGNISED AS TOP 50 INNOVATIVE COMPANY AT THE CII INDUSTRIAL INNOVATION AWARDS |
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| GLOBAL MICHELIN KEYS 2025 |
THREE MICHELIN KEYS |
| CNT 2025 READERS' TRAVEL AWARDS |
FAVOURITE INDIAN HOTEL FOR SERVICE - TAJ MAHAL, NEW DELHI FAVOURITE INDIAN HERITAGE HOTEL - RAMBAGH PALACE, JAIPUR FAVOURITE INDIAN LEISURE HOTEL - UMAID BHAWAN PALACE, JODHPUR FAVOURITE SPA IN AN INDIAN HOTEL - J WELLNESS CIRCLE, RAMBAGH PALACE, JAIPUR |
| HOSPITALITY HORIZON DESIGN SUMMIT & AWARDS |
TOP 15 RESTAURANTS FOR DESIGN |
| TATLER BEST 100 HOTELS IN ASIA-PACIFIC | TAJ LAKE PALACE, UDAIPUR |
| WORLD TRAVEL AWARDS 2025 |
INDIA'S LEADING CONFERENCE HOTEL 2025 |
| CNT 2025 READERS' CHOICE AWARDS |
BEST HOTELS IN ASIA - REST OF ASIA |
| TRAVEL + LEISURE - WORLD’S BEST AWARDS 2025 |
CITY HOTELS – INDIA |
| TRAVEL + LEISURE INDIA & SOUTH ASIA DELICIOUS DINING AWARDS 2025 |
BEST SUNDOWNER IN THE BARS |
| ROBB REPORT 50 GREATEST LUXURY HOTELS 2025 |
50 GREATEST LUXURY HOTELS ON EARTH |
| SOUTH ASIAN TRAVEL AWARDS |
LEADING FINE DINING OUTLET IN HOTEL/RESORT - LOYA, TAJ WEST END, BENGALURU LEADING F&B HOTEL/RESORT INDIA (NORTH) - TAJ PALACE, NEW DELHI MOST ROMANTIC RESORT INDIA (NORTH) - TAJ LAKE PALACE, UDAIPUR LEADING MEETING & CONFERENCE HOTEL/RESORT INDIA (NORTH) - TAJ PALACE, NEW DELHI |
| GLOBAL TOURISM AWARDS | BEST BUDGET HOTEL- GINGER MUMBAI AIRPORT |
| HOSPITALITY HORIZON MICE SUMMIT & AWARDS 2025 | TOP 20 LUXURY HOTELS FOR MICE - TAJ PALACE NEW DELHI |
| SKYTRAX WORLD AIRPORT AWARDS 2025 | BEST AIRPORT HOTEL IN INDIA & SOUTH ASIA - TAJ BANGALORE, BENGALURU |
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