IHCL Announces Financial Results For Q3 Fy 2025-26

The Indian Hotels Company Limited (IHCL), India’s largest hospitality company, reported its consolidated financials for third quarter and nine months ending December 31st, 2025.

Financial Highlights
- Revenue: ₹2,900 crores, up 12% YoY.
- EBITDA: ₹1,134 crores, with a margin of 39.1%.
- PAT: ₹903 crores (after exceptional items).
- Standalone Performance: Revenue ₹1,654 crores, EBITDA margin 48.2%, PAT ₹921 crores.
- Cash Balance: ₹3,877 crores as of Dec 31, 2025.

Growth & Expansion
- Portfolio: 617 hotels, with an industry-leading pipeline of 256 hotels.
- Signings: 239 in FY2026 so far.
- Openings/Onboardings: 120 hotels, driven by partnerships and acquisitions.

Strategic Moves under Accelerate 2030:
- Acquired controlling stake in Atmantan (wellness brand).
- Entered agreements to acquire 51% stake in Brij (boutique experiential leisure).
- Expanded Ginger brand with 51% stake in ANK & Pride Hospitality.

Operational Drivers
- Strong same-store performance.
- Airline & institutional catering grew 17%.
- New businesses grew 31%.
- Hotel segment revenue: ₹2,579 crores, delivering best-ever quarterly EBITDA of ₹1,050 crores.

Investments & Capex
- ₹750 crores spent on projects including:
- Greenfield Taj Ekta Nagar, Taj Frankfurt.
- Brownfield expansion at Taj Ganges Varanasi.
- Upcoming Taj Bandstand.
- Renovations at Taj Palace Delhi, Taj Fort Aguada Goa, President Mumbai, and St. James Court London.

Strategic Positioning
IHCL continues to deliver record-breaking quarters (15 in a row), with a diversified topline across brands, geographies, and contract types. Its mix of luxury (Taj, Claridges Collection), upscale (Vivanta, SeleQtions), lean luxe (Ginger), and wellness/experiential brands positions it strongly for sustained growth.