(CLOCKS 20 SIGNINGS AND 11 HOTEL OPENINGS; REACHES A PORTFOLIO OF 645 HOTELS,TAJ CROWNED INDIA’S STRONGEST BRAND FOR THE FIFTH CONSECUTIVE YEAR)
TTT NEWS NETWORK
MUMBAI | 21 JULY 2026
The Indian Hotels Company Limited (IHCL), India’s largest hospitality company, reported its consolidated financials for first quarter ending June 30, 2026.
Mr. Puneet Chhatwal, Managing Director & CEO, IHCL, said, “Q1 FY2027 marks the seventeenth consecutive best ever quarter with a Consolidated revenue of INR 2,419 crores, a 15% growth over the previous year. For the quarter EBITDA stood at INR 753 crores with EBITDA margin at 31.1%, an expansion of 80 basis points. This consistent performance is reflective of IHCL’s diversified brands and businesses offsetting the impact of macro headwinds. The key revenue drivers were 14% RevPAR 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 our recent acquisitions. IHCL clocked 20 signings taking the portfolio to 645 hotels with a pipeline of 263 and opened 11 hotels including a Taj in Frankfurt and Kruger National Park, South Africa. 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.”
He added, “Taj is once again India’s Strongest Brand across sectors on Brand Finance ‘India 100 2026’ report, marking the fifth consecutive year the brand has achieved this distinction. 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.”
Mr. Ankur Dalwani, Executive Vice President and Chief Financial Officer, IHCL said, “In Q1 FY2027, IHCL Standalone reported a revenue of INR 1,298 crores, driven by a RevPAR growth of 14%, clocking a strong EBITDA margin of 41.8%, an expansion of 380 basis points and a PAT of INR 337 crores. A key facet of this performance is the contribution of the renovated assets in key markets of Goa, Delhi and Bengaluru.”
He added, “Maintaining a strong balance sheet, IHCL Consolidated reported a gross cash of INR 4,439 crores as on June 30th, 2026.”
Mr. Ankur Dalwani, Executive Vice President and Chief Financial Officer, IHCL said, “In Q1 FY2027, IHCL Standalone reported a revenue of INR 1,298 crores, driven by a RevPAR growth of 14%, clocking a strong EBITDA margin of 41.8%, an expansion of 380 basis points and a PAT of INR 337 crores. A key facet of this performance is the contribution of the renovated assets in key markets of Goa, Delhi and Bengaluru.”
He added, “Maintaining a strong balance sheet, IHCL Consolidated reported a gross cash of INR 4,439 crores as on June 30th, 2026.”
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