Benares Hotels Limited (BHL), a subsidiary of The Indian Hotels Company Limited (IHCL), announced its financial results for the second quarter and half year ending September 30, 2026.
Financial Results for Q2 FY 2026-2027:
- Revenue: ₹32.8 Crore (compared to ₹25.5 Crore in Q2 FY 2025-2026)
- EBITDA: ₹11.5 Crore (compared to ₹9.9 Crore in Q2 FY 2025-2026)
- Profit After Tax: ₹6.6 Crore (compared to ₹6.1 Crore in Q2 FY 2025-2026)
- EBITDA Margin: 35%
Financial Results for H1 FY 2026-2027:
- Revenue: ₹68.0 Crore (compared to ₹52.3 Crore in H1 FY 2025-2026)
- EBITDA: ₹25.3 Crore (compared to ₹21.7 Crore in H1 FY 2025-2026)
- Profit After Tax: ₹14.8 Crore (compared to ₹13.7 Crore in H1 FY 2025-2026)
Management Commentary:
Dr. Anant Narain Singh, Chairman of Benares Hotels Limited, stated that the company reported 29% growth in revenue for Q2 and 30% growth for H1. The performance is reflective of market demand and absorption of additional inventory at Taj Ganges. He indicated that this performance will be surpassed in the seasonally strong quarters ahead.
Key Highlights:
- IHCL's Taj brand was ranked as India's Strongest Brand 2026 and World's Strongest Luxury Hotel Brand 2026 by Brand Finance-UK
- Taj Ganges and Taj Nadesar Palace hosted the FHRAI convention for 2026
- Taj Nadesar Palace received the Michelin Golden Key for the second year
Company Operations:
Benares Hotels Limited operates:
- Taj Ganges in Varanasi
- Taj Nadesar Palace in Varanasi
- Ginger in Gondia, Maharashtra
The disclosure was submitted to BSE Limited as a press release following the company's letter dated October 16, 2026 intimating the financial results.