Q1 2026 Indian Hotels Company Ltd Earnings Call Transcript
Key Points
- Indian Hotels Co Ltd (BOM:500850) reported a robust 32% year-on-year growth in consolidated revenue, reaching INR2,102 crore.
- The company achieved a 29% year-on-year increase in EBITDA, with a margin of 30.3%, demonstrating strong operational efficiency.
- Taj was rated as the world's strongest hotel brand and India's strongest brand across all sectors by Brand Finance for the fifth and fourth time, respectively.
- The company signed 12 new hotels and opened six in Q1 '25, '26, including three luxury wildlife lodges in South Africa, expanding its global footprint.
- Indian Hotels Co Ltd (BOM:500850) maintained a strong balance sheet with gross cash reserves of over INR3,050 crores, enabling strategic investments and expansions.
- The Indian hospitality sector faced multiple headwinds, including geopolitical tensions and airspace closures, impacting demand and leading to hotel cancellations.
- Two major assets, Taj Palace in Delhi and Fort Aguada in Goa, are undergoing significant renovations, affecting RevPAR calculations.
- The company experienced temporary revenue curtailment due to geopolitical tensions and airline disruptions.
- There was an impact on hotel segment margins due to a change in the payroll increment cycle, which was moved from July 1 to April 1.
- Despite strong performance, the company faces challenges from increased competition and potential pressure on ARR due to new supply in the market.
Ladies and gentlemen, good day and welcome to the Indian Hotels Company Limited earnings conference call for the quarter ended 30th June 2025. On the call we have with us Mr. Puneet Chhatwal, Managing Director and CEO, IHCL; and 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 Q1 '25, '26. We are pleased to inform you that we have continued our record performance for the 13th consecutive quarter, driven by sustained growth and strategic execution despite multiple industry headwinds.
I will now outline the 10 key highlights of this quarter. Number one, Taj is rated again as the world's strongest hotel brand and India's strongest brand across all sectors by Brand Finance. We are very delighted to
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