IHCL Q1 profit rises 19% YoY; records 13th straight quarter of growth despite global headwinds

New Delhi: Tata Group-backed Indian Hotels Company (IHCL) on Thursday reported consolidated revenue of ₹2,102 crore for the quarter ended June 30, up 32% year-on-year (YoY). Profit after tax jumped 19% YoY to ₹296 crore.

IHCL MD and CEO Puneet Chhatwal said despite geopolitical challenges, flight disruptions, and booking cancellations, Q1FY26 marked the thirteenth consecutive quarter of "record performance" for the chain.

"In line with our guidance, the company reported double-digit growth in consolidated revenue. The hotel segment's revenue at '1,814 crore, grew by 14%, leading to a strong Ebitda margin of 31.4%," he said. "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.

The chain said it continued its growth momentum with 12 signings, taking the portfolio to over 390 hotels. It opened six new hotels in the quarter.

The first quarter also marked the Ginger Kolkata acquisition by the Tata Group.

"Indian Hotels Company feels privileged to have the backing of Tata Sons to acquire a trophy asset for the Ginger brand at the Kolkata airport. Growing in major airport locations is a part of our growth strategy," said Chhatwal.

The chain said its domestic same-store hotels delivered an 11% consolidated revenue per available room growth with a premium of 60% versus the industry. The international consolidated portfolio reported an occupancy of 78%, up 460 basis points, resulting in a revenue per available room growth of 13%.

IHCL's management fee income grew by 17% to '133 crore on the back of not like-for-like growth.

IHCL signed 12 hotels during the period under review with five Taj hotels including three luxury wildlife lodges in Kruger National Park, South Africa, two SeleQtions and Ginger hotels each and one hotel each under Gateway, Vivanta and Tree of Life brands. The quarter saw six new hotels open including a Taj in Alibaug, two SeleQtions resorts in Lakshadweep, a Gateway in Coorg and a Ginger hotel in Dehradun.

IHCL said it has a gross cash balance of '3,073 crore as on June 30, 2025.