IHCL Announces Financial Results For Q2 & H1 Fy 2025-26

Here’s a detailed summary of Indian Hotels Company Limited (IHCL)’s financial results for Q2 and H1 FY 2025–26, showcasing continued growth and strategic expansion across its hospitality portfolio.

Financial Performance Highlights
- Q2 FY2026 Consolidated Revenue: ₹2,124 crore
- YoY Growth: 12%
- EBITDA Margin: 30.8% (↑ 90 basis points)
- Standalone Q2 Revenue: ₹1,166 crore
- EBITDA Margin: 40.8% (↑ 220 basis points)
- PAT Margin: 24.8%
- Gross Cash Balance: ₹2,847 crore as of September 30, 2025

Portfolio Growth
- Total Hotels: 570 (including pipeline)
- New Signings: 46 hotels across brands like Taj, SeleQtions, Tree of Life, Ginger
- New Openings: 26 hotels including:
- Taj properties in Alibaug, Raichak, Udaipur
- Vivanta in Thane
- Gateway hotels in Goa, Coorg, Ahmedabad
- Ginger in Dehradun
- SeleQtions resorts in Lakshadweep and Haridwar
- Onboarding of 14 Brij and Clarks hotels

Business Segment Performance
- New Businesses Revenue: ₹423 crore (↑ 21% YoY)
- Includes Ginger, Qmin, amã Stays & Trails, Tree of Life
- TajSATS (Air & Institutional Catering):
- Revenue: ₹577 crore
- EBITDA: ₹136 crore
- EBITDA Margin: 23.6%
- Management Fee Income: ₹259 crore (↑ 21%)

Strategic Developments
- Taj Bandstand, Mumbai: Construction commenced post approvals
- Clarks Partnership: 14 hotels onboarded, remaining to migrate soon

ESG & Sustainability
- Continued focus on Paathya, IHCL’s ESG+ framework
- Renovations completed at key properties:
- Taj Fort Aguada Resort & Spa, Goa
- Taj Palace, New Delhi
- The Taj Mahal Palace, Mumbai

Leadership Commentary
- Puneet Chhatwal, MD & CEO:
“Q2 marks our 14th consecutive quarter of record performance… driven by RevPAR growth, new businesses, and management fee income.”

- Ankur Dalwani, EVP & CFO:
“We maintain a healthy balance sheet and strong margins across standalone and consolidated operations.”