Date: July 21, 2026

Financial Performance Overview

IHCL reported its seventeenth consecutive best-ever quarter with strong financial results for Q1 FY2027 ending June 30, 2026.

Consolidated Performance:

  • Revenue: INR 2,419 crores, representing 15% growth over previous year
  • PAT: INR 358 crores, representing 21% growth
  • EBITDA: INR 753 crores
  • EBITDA Margin: 31.1%, expanding by 80 basis points
  • Gross Cash Position: INR 4,439 crores as of June 30, 2026

Standalone Performance:

  • Revenue: INR 1,298 crores
  • RevPAR Growth: 14%
  • EBITDA Margin: 41.8%, expanding by 380 basis points
  • PAT: INR 337 crores

Performance Drivers

Revenue Growth Factors:

  • 14% RevPAR growth in domestic like-for-like hotels
  • 22% increase in revenue of Growth Businesses
  • 26% growth in management fee income to INR 168 crores
  • Strong performance of recent acquisitions
  • Contribution from renovated assets in key markets (Goa, Delhi, and Bengaluru)

Portfolio Expansion:

  • 20 new hotel signings in Q1 FY2027
  • Total portfolio reached 645 hotels
  • Industry-leading pipeline of 263 hotels
  • 11 hotel openings during the quarter
  • Migration of 15 hotels from ANK Hotels and Pride Hospitality portfolio to IHCL's brandscape

Brand Signings Breakdown:

  • 17 of 20 signings across Gateway, Ginger, and Tree of Life brands
  • New markets: Bharatpur, Trichy, Sindhudurg, Jawai, Wayanad
  • Established markets: Mumbai, Goa, Agra, Kolkata
  • Taj brand reached milestone of 150 hotel portfolio with signings in Dharamshala, Barapani-Meghalaya, and Kusur valley-Maharashtra

Hotel Openings:

  • 11 hotels opened, taking operating portfolio to over 380 hotels
  • Notable openings: Taj in Frankfurt, Taj in Greater Kruger (South Africa), SeleQtions in Ayodhya, SeleQtions in Mumbai

Segment Performance

TajSATS (Air & Institutional Catering):

  • Revenue: INR 300 crores
  • EBITDA: INR 62 crores
  • EBITDA Margin: 20.6%

Growth Businesses Performance:

Enterprise Revenue: INR 350 crores (65% growth)

Consolidated Revenue: INR 198 crores (22% growth)

Breakdown of Growth Businesses:

  • Ginger: Enterprise revenue INR 301 crores (68% growth), EBITDAR margin 37%
  • Qmin: Over 100 outlets across multiple formats, enterprise revenue INR 60 crores (23% growth)
  • amã Stays & Trails: Enterprise revenue INR 18 crores (over 55% growth)
  • Tree of Life: Enterprise revenue INR 14 crores (over 55% growth)

Strategic Highlights

Brand Recognition:

  • Taj crowned India's Strongest Brand across sectors on Brand Finance 'India 100 2026' report
  • Fifth consecutive year achieving this distinction
  • Previously ranked World's Strongest Hotel Brand 2025 by Brand Finance

Guidance:

  • Management maintains guidance of double-digit revenue growth for fiscal year FY2027
  • Driven by diversified brandscape, new acquisitions, non-like-for-like growth momentum, and robust domestic demand across business and leisure segments

ESG Framework:

  • Mention of PAATHYA, IHCL's industry-leading ESG+ framework (no specific details provided)

Company Overview

IHCL is India's largest hospitality company by market capitalization, operating across 4 continents, 15 countries, and over 300 locations. The company's brand portfolio includes Taj, Claridges Collection, Brij, Atmantan, SeleQtions, Gateway, Vivanta, Tree of Life, and Ginger.