* MARKS SIXTEENTH CONSECUTIVE RECORD QUARTER
* REVENUE AT INR 9,971 CRORES, UP 16% YoY
*EBITDA AT INR 3,477 CRORES; PAT AT INR 2,084 CRORES
*PROPOSES DIVIDEND AT 25% OF CONSOLIDATED PAT (BEI)
TTT NEWS NETWORK
MUMBAI | 11 MAY 2026
The Indian Hotels Company Limited (IHCL), India’s largest hospitality company, reported its consolidated financials for fourth quarter and full year ending March 31st, 2026.
Mr. Puneet Chhatwal, Managing Director & CEO, IHCL, said, “Q4 FY2026 marks sixteenth consecutive quarter of record performance with a Consolidated revenue of INR 2,845 crores, a 14% growth over the previous year, EBITDA of INR 1,052 crores and an EBITDA margin of 37%, notwithstanding the impact of West Asia conflict. For FY2026, the company delivered on its guidance of double-digit revenue growth despite macro-headwinds with revenue of INR 9,971 crores, a growth of 16% leading to an all-time high EBITDA of INR 3,477 crores, EBITDA margin of 34.9% resulting in the best ever PAT of INR 2,084 crores.”
“IHCL, led by its multi-brand presence across segments coupled with a balanced growth strategy focused on capital light with select investments has delivered consistent performance over sixteen quarters. This diversification strategy by brand, by nature of contract and by geography has driven operating leverage, grown high margin fee-based businesses and built resilience, delivering a double digit CAGR (FY23 – FY26) across all metrics of IHCL Consolidated – Revenue 19%, EBITDA 21% and PAT 28%.”
“This fiscal year we added three new brands taking the count of our major brands to fourteen and marking a record of 250 signings reaching a portfolio of 630 hotels with an industry leading pipeline of 255 hotels. We opened/on-boarded 130+ hotels through inorganic and sustained organic growth, expanding IHCL’s brandscape in the luxury and experiential leisure segments and scaling its footprint in the mid-scale segment. IHCL Consolidated continues to maintain a healthy balance sheet with a gross cash balance of INR 4,345 crores as on 31st March 2026. The company has proposed a dividend at 25% of Consolidated PAT before exceptional items including special dividend to commemorate IHCL’s 125th AGM. FY26 was a year of building a Resilient, Scalable and Future Ready Hospitality Ecosystem”.
Mr. Ankur Dalwani, Executive Vice President and Chief Financial Officer, IHCL said, “For FY2026, IHCL Standalone reported a revenue of INR 5,640 crores, driven by RevPAR growth of 12% in Q4, clocking a strong EBITDA margin of 45.1%, an expansion of 120 basis points and a PAT of INR 2,012 crores. IHCL Consolidated clocked a double-digit revenue growth this fiscal reflective of a broad-based performance – led by RevPAR growth of 9% from same store hotels, 16% in airline and institutional catering, 25% in New Businesses and 22% in management fee.
He added, “In FY2026, we invested over INR 1,000 crores across greenfield projects like Vivanta and Ginger at Ekta Nagar, 100 keys expansion at Taj Ganges, Varanasi, renovation of key assets like Taj Palace, New Delhi, St. James Court, A Taj Hotel, London and The Taj Mahal Palace & Tower, Mumbai as well as in digital initiatives. The year also saw the completion of majority stake acquisition in ANK & Pride Hospitality, Atmantan and Brij Hospitality, all significant revenue levers for the future. The Company maintained a healthy pre-tax ROCE of 17% despite investments for acquisitions & capital expenditure. Additionally, IHCL’s credit rating was upgraded in the current fiscal to AAA+ by ICRA.”
KEY HIGHLIGHTS
FINANCIAL PERFORMANCE
• Consolidated same store hotels delivered a 9% RevPAR growth.
• Domestic same store hotels delivered a RevPAR Premium of 73%.
• Management Fee income grew by 22% to INR 685 crores on the back of not like for like growth.
PORTFOLIO GROWTH
• IHCL signed 250 hotels across its brandscape through inorganic and sustained organic growth including on boarding of Claridges Collection, acquisition of controlling stake in Atmantan, Brij hospitality and ANK and Pride hospitality.
• IHCL opened and onboarded 130+ hotels taking our operating hotels to 373 hotels with an inventory of over 33,000 rooms in FY26.
NEW & REIMAGINED BUSINESSSES
• The Air & Institutional Catering business segment (TajSATS) clocked a revenue of INR 1,219 crores, 16% growth over the previous year and EBITDA margin at 24.2%.
• New Businesses comprising of Ginger, Qmin, amã Stays & Trails and Tree of Life reported an Enterprise revenue of INR 1,099 crores, a growth of 37% and Consolidated revenue of INR 753 crores, a growth of 25%.
• Enterprise Revenue of Ginger stood at INR 814 crores, 21% growth with a EBITDAR margin of 43%. Ginger Mumbai Airport, brand’s flagship crossed a milestone revenue of INR 100 crores delivering a 56% EBITDAR margin.
• Qmin has grown to over 100 outlets across multiple formats, amã Stays & Trails has reached a portfolio of 370 bungalows with 186 in pipeline and Tree of Life is at a 34 resorts portfolio with 11 in pipeline in FY26.
PAATHYA | IHCL’S INDUSTRY-LEADING ESG+ FRAMEWORK
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