Indian Hotels Company Ltd reported a 22.5% rise in net profit to Rs 349 crore for the September quarter. Revenue grew 21.7% to Rs 2,484 crore as hotel demand stayed strong. Puneet Chhatwal said, "The revenue drivers were a 25% rise in revenue per available room at domestic same-store hotels."
Indian Hotels Company Ltd (IHCL), the Tata Group's hospitality arm and parent of Taj hotels, reported a 22.5% year-on-year increase in consolidated net profit to Rs 349 crore for the September quarter, from Rs 285 crore in the year-ago period. Consolidated revenue from operations rose 21.7% to Rs 2,484 crore from Rs 2,041 crore in the corresponding quarter last year. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 23.9% to Rs 706 crore from Rs 570 crore a year earlier. IHCL expects consolidated revenue to grow 17-19% in FY27, supported by 15-17% growth in total revenue per available room (RevPAR), higher yields from renovated properties and new openings in the second half of the year. "The revenue drivers were a 25% rise in revenue per available room (RevPAR) at domestic same-store hotels, a 25% increase in management fee income led by the momentum in new openings, 25% revenue growth in the select-service business and contributions from our recent acquisitions of Brij and Atmantan," said Puneet Chhatwal, managing director and chief executive officer of IHCL. IHCL signed 47 hotels in the first half of FY27, taking its portfolio to 670 hotels, of which 280 are in the pipeline, with the total portfolio representing more than 32,000 rooms.