Q2 2026 Indian Hotels Company Ltd Earnings Call Transcript
Key Points
- Indian Hotels Co Ltd (BOM:500850) achieved a record performance for the 14th consecutive quarter, driven by sustained growth and strategic execution.
- The company inaugurated two new greenfield hotels in Ekta Nagar, marking significant expansion in its portfolio.
- Indian Hotels Co Ltd (BOM:500850) achieved the milestone of opening its 250th hotel, reinforcing its position as India's largest hospitality ecosystem.
- The company reported a 12% year-on-year growth in consolidated revenue and a 16% increase in EBITDA, with a margin expansion of 90 basis points.
- The company maintains a strong balance sheet with healthy cash reserves of INR 2,850 crores, supporting its growth and renovation projects.
- The company's revenue growth on a stand-alone basis was impacted by hotels under renovation and a high base from the previous year.
- Despite high occupancy rates in key markets like Mumbai, the RevPAR growth was only 2%, indicating limited pricing power in some areas.
- The company faces short-term industry headwinds, including geopolitical tensions and natural disasters, which could impact future performance.
- There is a potential risk of increased competition in Tier 2 and Tier 3 markets due to higher supply growth.
- Renovations across key properties have temporarily impacted revenue, with some rooms still out of operation, affecting overall performance.
Ladies and gentlemen, good day, and welcome to the Indian Hotels Company Limited Q2 FY '26 Earnings Conference Call. (Operator Instructions) Please note that this conference is being recorded.
On the call, we have with us Mr. Puneet Chhatwal, Managing Director and CEO, IHCL; and Mr. Ankur Dalwani, EVP and CFO, IHCL.
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 Q2 '25-'26. We are pleased to inform you that we have continued our record performance for the 14th consecutive quarter, driven by sustained growth and strategic execution despite short-term industry headwinds. Kindly allow me to outline the 10 key highlights of the quarter.
Starting at number one is this was a quarter of key milestones. To begin with, we are delighted to share that this has been a quarter marked by significant milestones like Taj
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