IHCL ANNOUNCES FINANCIAL RESULTS FOR Q4 & FULL YEAR FY 2024-25
IHCL ANNOUNCES FINANCIAL RESULTS FOR Q4 & FULL YEAR FY 2024-25
~ MARKS TWELVE CONSECUTIVE QUARTERS OF RECORD PERFORMANCE
~ REACHES A PORTFOLIO OF 380 HOTELS – SIGNS 74 & OPENS 26 NEW HOTELS
~ PROPOSES DIVIDEND AT 20% OF CONSOLIDATED PAT
MUMBAI, MAY 5, 2025: The Indian Hotels Company Limited (IHCL), India’s largest hospitality company, reported its consolidated financials for the fourth quarter and full year ending March 31st, 2025.
CONSOLIDATED FINANCIAL RESULTS FOR Q4 AND YEAR ENDED 31ST MARCH 2025

* Full year & Q4 PAT before exceptional items is INR 1,603 crores and INR 525 crores respectively.
Mr. Puneet Chhatwal, Managing Director & CEO, IHCL, said, “Q4 marks twelve consecutive quarters of record performance with consolidated hotel segment revenue reporting a strong growth of 13% resulting in EBITDA margin of 38.5%. Enterprise revenue for the full year stood at INR 14,836 crores, 1.6x of consolidated revenue, in line with our strategy of a balanced capital light and capital heavy portfolio. The consolidated double -digit revenue growth for the year was driven by strong same store performance, 40% increase in New Businesses and not like for like growth. IHCL set a new benchmark with 74 signings and 26 openings this fiscal and over 95% of these signings were capital light.”
He added, “In line with Accelerate 2030, customer centricity and operational excellence will remain at the core of our business. In FY2026, IHCL will invest over INR 1,200 crores towards the continued comprehensive asset management & upgradation program and greenfield projects with the focus on the iconic brand Taj and digital capabilities. Looking ahead at FY2026, IHCL is poised to continue double-digit revenue growth, driven by strong same-store performance, sustained momentum in New Businesses and 30 new hotel openings. The sector outlook remains strong, with demand outpacing supply, a recovery of foreign tourist arrivals and steady momentum across leisure, social and MICE segments."

KEY HIGHLIGHTS
RECORD FINANCIAL PERFORMANCE |
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NEW & REIMAGINED BUSINESSSES |
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PAATHYA | IHCL’S INDUSTRY-LEADING ESG+ FRAMEWORK |
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Mr. Ankur Dalwani, Executive Vice President and Chief Financial Officer, IHCL said, “With continued demand buoyancy in the domestic market IHCL Standalone reported a full year revenue of INR 5,145 crores, an increase of 12% over the previous year, EBITDA margin of 43.9%, expansion of 260 basis points and a 29% growth in PAT at INR 1,413 crores. In FY2025, on a consolidated basis, IHCL reported revenue of INR 8,565 crores, EBITDA of INR 3,000 crores, clocking a new high EBITDA margin of 35%, an expansion of 140 bps and a PAT before exceptional items of INR 1,603 crores resulting in a strong gross cash position as on 31st March of INR 3,073 crores. Reflective of the company’s sustained financial performance, a dividend of 20% of Consolidated PAT amounting to INR 2.25 per share is proposed, subject to shareholders’ approval.”
He added, “IHCL has been on a journey of transformation and has demonstrated record financial performance across five fiscal years (excluding two years of the pandemic), enabled by a growth strategy of balancing capital light and capital heavy resulting in a healthy balance sheet with nil net debt and strong free cash flows.”
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 2024 and India’s Strongest Brand 2024 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 381 hotels including 134 under development globally across 4 continents, 14 countries and in over 150+ 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; SeleQtions; Tree of Life; Vivanta; Gateway; Ginger
For media queries, please contact: corpcomm@ihcltata.com
AWARDS & ACCOLADES FY2025
BRAND FINANCE’S 'HOTELS 50 2024' ANNUAL REPORT - TAJ RANKED WORLD'S STRONGEST HOTEL BRAND FOR THE THIRD TIME BRAND FINANCE’S COVETED 'INDIA 100 2024' REPORT - TAJ RECOGNISED AS INDIA’S STRONGEST BRAND ACROSS SECTORS FOR THE FOURTH TIME CNBC TV18 - ICICI LOMBARD INDIA RISK MANAGEMENT AWARDS 2024 - MASTER OF RISK IN BRAND & SOCIAL MEDIA RISK MANAGEMENT MR. PUNEET CHHATWAL, MANAGING DIRECTOR & CEO, IHCL AWARDED HALL OF FAME AT THE 39TH IATO ANNUAL CONVENTION GOLDEN PEACOCK AWARD FOR EXCELLENCE IN GOVERNANCE IN 2024 TAJ INNERCIRCLE AWARDED BEST HOTEL LOYALTY PROGRAM AT TRAVEL + LEISURE INDIA’S BEST AWARDS 2024 IHCL RECOGNISED AS TURNAROUND STAR AT FORBES LEADERSHIP AWARDS 2025 |
TRAVEL + LEISURE READERS’ - WORLD’S BEST AWARDS 2024 |
25 BEST HOTEL BRANDS - TAJ 100 BEST HOTELS IN THE WORLD BEST ASIA HOTELS BEST ASIA RESORTS - TAJ EXOTICA RESORT & SPA, GOA 10 BEST INDIA CITY HOTELS BEST INDIA RESORTS |
TRAVEL + LEISURE READERS' 20 FAVOURITE CITY HOTELS IN ASIA OF 2024 |
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ROBB REPORT 50 GREATEST LUXURY HOTELS 2024 |
TAJ LAKE PALACE UDAIPUR |
SOUTH ASIAN TRAVEL AWARDS |
LEADING LUXURY HOTEL & LEADING F&B HOTEL - TAJ PALACE, NEW DELHI LEADING RESTAURANT IN A HOTEL - LOYA AT TAJ PALACE, NEW DELHI LEADING WEDDING HOTEL - RAMBAGH PALACE LEADING PALACE HOTEL & LEADING HERITAGE HOTEL - TAJ LAKE PALACE LEADING FAMILY RESORT - DEVI RATN LEADING BUSINESS HOTEL - TAJ LANDS END LEADING AIRPORT HOTEL - VIVANTA COLOMBO |
CNT UK READERS' CHOICE AWARDS 2024: THE TOP HOTELS IN INDIA | |
CNT US READERS' CHOICE AWARDS 2024: TOP 20 HOTELS IN INDIA | |
CNT US READERS' CHOICE AWARDS 2024: TOP 15 RESORTS IN ASIA | TAJ SAWAI RANTHAMBORE |
CNT READERS' CHOICE AWARDS 2024: BEST RESORT IN THE MIDDLE EAST | TAJ PALM, DUBAI |
BW HOTELIER INDIAN HOSPITALITY AWARDS
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TATLER BEST 100 LIST - ASIA |
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GALLIVANTER’S GUIDE: HOTEL OF THE YEAR 2024 | UMAID BHAWAN PALACE, JODHPUR |
HOTELIER INDIA ESG EXCELLENCE AWARDS | SUSTAINABLE AND ENVIRONMENT-CONSCIOUS HOTEL OF THE YEAR - TAJ THE TREES, MUMBAI |
SKYTRAX WORLD AIRPORT AWARDS 2025 | BEST AIRPORT HOTEL IN INDIA AND SOUTH ASIA - TAJ BANGALORE, BENGALUR |
NDTV FOOD AWARDS | BEST CHINESE PREMIUM DINING RESTAURANT (NORTH INDIA) - HOUSE OF MING, NEW DELHI BEST CONCEPT BAR (NORTH INDIA) - CAPTAIN’S CELLAR, NEW DELHI |
WORLD'S 50 BEST DISCOVERY LIST 2025 |