Q3 2025 Indian Hotels Company Ltd Earnings Call Transcript
Key Points
- Indian Hotels Co Ltd (BOM:500850) achieved a record quarterly EBITDA of INR1,000 crores for the first time in its history.
- The company reported a 29% revenue growth and an 80 basis points margin expansion compared to the same period last year.
- The standalone performance was the best ever, with a 15% growth in revenue and a 240 basis points expansion in EBITDA margin.
- The company signed 55 new hotels and opened 20 hotels in the financial year, with a total portfolio of 360 hotels and an industry-leading pipeline of 123 hotels.
- New businesses, including Ginger, Qmin, and amã Stays & Trails, delivered a 40% growth in consolidated revenue for Q3.
- Occupancy rates remained flat at 78%, which is high but did not increase as expected compared to historical trends.
- The Goa market showed only a 2% growth city-wide, indicating a muted travel impact for December.
- The Bangalore market had a high base last year, resulting in only a 13% growth on a consolidated basis.
- The London market is experiencing softness due to new supply, impacting growth expectations.
- The company is still facing challenges in the San Francisco market due to past protests and safety concerns.
Ladies and gentlemen, good day, and welcome to The Indian Hotels Company Limited earnings conference call for the quarter ended December 31, 2024. On call with us, we have Mr. Puneet Chhatwal, Managing Director and CEO, IHCL; Mr. Ankur Dalwani, EVP and CFO, IHCL.
(Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Puneet Chhatwal. Thank you, and over to you, Mr. Chhatwal.
Good evening, everyone, and thank you for joining our global conference call for Q3 '24, '25. We are pleased to inform you that we have continued our record performance for the 11th consecutive quarter on the back of continued growth momentum and key strategic initiatives. I'll now outline, like in the last few quarters, the 10 key highlights for this quarter, beginning with number one, strong financial performance.
For the very first time in history, the quarterly EBITDA of IHCL crossed INR1,000 crores. On a
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