The Indian Hotels Company Limited (IHCL) has reported its consolidated financials for the first quarter ending June 30^th, 2025

Consolidated Financial Results for Q1 ended 30th June 2025

Note: Above financials factor TajSATS subsidiarisation effective August 2024 onwards. 

Puneet Chhatwal, Managing Director & CEO, IHCL, said, “Q1 FY2026 marks the thirteenth consecutive quarter of record performance. In line with our guidance, the company reported a double-digit growth in consolidated revenue. The hotel segment’s revenue at INR 1,814 crores grew by 14% leading to a strong EBITDA margin of 31.4%.  This performance was enabled by diversification of our top line across same store hotels, not like for like growth and New Businesses consolidated revenue growing by 27% over the previous year. The hospitality sector, despite geopolitical headwinds continues to show resilience and sustained growth.”

He added, “IHCL continued its growth momentum with 12 signings taking the portfolio to 390+ hotels and opened 6 new hotels in the quarter. Maintaining its leadership, Taj continues to be an icon in the global hospitality landscape with the brand being recently ranked by Brand Finance-UK as the World’s Strongest Hotel Brand 2025 for the fourth time and India’s Strongest Brand across sectors for the fifth time.”

Key Highlights

Record Financial Performance

Domestic same store hotels delivered a 11% Consolidated RevPAR growth with a premium of 60% vs industry. International Consolidated portfolio reported an occupancy of 78%, up 460 basis points, resulting in a RevPAR growth of 13%.Management Fee income grew by 17% to INR 133 crores on the back of not like for like growth.

Portfolio Growth

IHCL signed 12 hotels across its brandscape with 5 Taj hotels including 3 Luxury Wildlife Lodges in Kruger National Park, South Africa, 2 SeleQtions and Ginger hotels each and one hotel each under Gateway, Vivanta and Tree of Life brands.The quarter saw 6 new hotels open including a Taj in Alibaug, 2 SeleQtions resorts in Lakshadweep, a Gateway in Coorg and a Ginger in Dehradun.

New & Reimagined Business

The Air & Institutional Catering business segment (TajSATS) clocked a revenue of INR 290 crores, 21% growth over the previous year and EBITDA margin at 23.5%. New Businesses vertical comprising of Ginger, Qmin, amã Stays & Trails and Tree of Life reported an Enterprise revenue of INR 212 crores, a growth of 25% and Consolidated revenue of INR 162 crores, a growth of 27%.Enterprise Revenue of Ginger stood at INR 180 crores with a strong EBITDAR margin of 40% with a portfolio of 105 hotels including a pipeline of 31 hotels.  Qmin has grown to 93 outlets across multiple formats, amã Stays & Trails has reached a portfolio of 309 bungalows with 138 in operation and Tree of Life is at a 21 resorts portfolio with 18 in operation.

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Ankur Dalwani, Executive Vice President and Chief Financial Officer, IHCL said, “On the back of strong domestic demand, IHCL Standalone reported a revenue of INR 1,099 crores, an increase of 13% over the previous year, clocking an EBITDA margin of 38.0% and a 17% growth in PAT at INR 245 crores. IHCL Consolidated continues to maintain a healthy balance sheet with a gross cash balance of INR 3,073 crores as on 30^th June 2025.” 

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