IHCL Q1 Results: Profit rises 18% YoY to Rs 390 crore, total income up 15%

Tata Group backed Indian Hotels Company (IHCL) has posted a total income of Rs 2419 crore for quarter one of fiscal year 2027, up 15% year on year. The chain posted a net profit of Rs 390 crore for the quarter under review, up 18.5% year on year.

IHCL MD and CEO Puneet Chhatwal said quarter one of financial year 2027 marks the seventeenth consecutive best ever quarter. “For the quarter EBITDA stood at Rs 753 crore 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,” he said.

Chhatwal said the key revenue drivers were a 14% revenue per available room growth in domestic like for like hotels, a 22% increase in revenue of growth businesses, a 26% growth in management fee income and the ‘strong’ performance of its recent acquisitions.


IHCL clocked 20 signings during the quarter 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.

He said airline and fuel disruptions impacted the EBITDA of Taj SATS Air Catering which was down 10%. The air and institutional catering segment (TajSATS) clocked a revenue of Rs 300 crore, and an EBITDA of Rs 62 crore.

“We would have fared even better had that not happened. The first three weeks of the ongoing quarter look strong. Driven by the strength of our diversified brands, performance of the new acquisitions, not like for like growth momentum and a robust domestic demand across business and leisure segments, we maintain our guidance of a double-digit revenue growth for the fiscal year,” he added.

Ankur Dalwani, executive vice president and Chief Financial Officer, IHCL said in the quarter under review, IHCL reported a revenue of Rs 1,298 crore on a standalone basis, driven by a revenue per available room growth of 14%, and clocking an EBITDA margin of 41.8%, an expansion of 380 basis points and a net profit of Rs 337 crore.

“A key facet of this performance is the contribution of the renovated assets in key markets of Goa, Delhi and Bengaluru. Maintaining a strong balance sheet, IHCL Consolidated reported a gross cash of Rs 4,439 crore as on June 30, 2026,” he added.

Out of IHCL’s 20 signings during quarter one, 17 were across Gateway, Ginger and Tree of Life including new and emerging markets such as Bharatpur, Trichy, Sindhudurg, Jawai, Wayanad and in Mumbai, Goa, Agra and Kolkata. Taj reached a milestone of a150 hotels portfolio with three signings in Dharamshala, Barapani- Meghalaya.

IHCL’s growth businesses comprising of Ginger, Qmin, amã Stays & Trails and Tree of Life reported an enterprise revenue of Rs 350 crore, a growth of 65%.