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IHCL Announces Financial Results For Q3 FY 2025-26

Discover the latest financial results from IHCL for Q3 and nine months ending December 31, 2025. Explore insights into India's largest hospitality company.

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  • MARKS FIFTEENTH CONSECUTIVE RECORD QUARTE
  • REVENUE AT INR 2,900 CRORES, UP 12% YoY
  • EBITDA AT INR 1,134 CRORES; PAT AT INR 903 CRORES
  • REACHES A PORTFOLIO OF 617 HOTELS; INDUSTRY LEADING PIPELINE OF 256 HOTELS

MUMBAI, FEBRUARY 12, 2026: The Indian Hotels Company Limited (IHCL), India’s largest hospitality company, reported its consolidated financials for third quarter and nine months ending December 31st, 2025.

CONSOLIDATED FINANCIAL RESULTS FOR Q3 AND NINE MONTHS ENDED 31ST DECEMBER 2025 Q3 YoY PERFORMANCE

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* PAT is after Exceptional Items which mainly include Profit on Sale of entire equity stake in a joint venture company of INR 327 crores (net of tax) and an impact on account of New Labour Codes of INR 37 crores (net of tax). PY 9M PAT included one-time exceptional gain of INR 307 Cr on account of TajSATS consolidation

Mr.PuneetChhatwal,ManagingDirector&CEO,IHCL,said,“Q3FY2026marksfifteenthconsecutivequarter ofrecordperformancewithaConsolidatedrevenueofINR2,900crores,a12%growthoverthepreviousyear,EBITDA of 1,134 croresand anEBITDA marginof39.1%.The revenue in the quarter was driven by a strong same store performance, not like for like growth, supported by a17%growth in airline and institutional catering and31%growth in New Businesses. The hotel segment reported a revenue ofINR 2,579 croresresulting in the best ever quarterlyEBITDAofINR 1,050 crores.”

He added, “IHCL continued its growth momentum inFY2026with239signings to reach a portfolio of617hotelsandopenedandonboarded120hotels,ledbystrategicpartnershipsandacquisitions.UnderAccelerate 2030, IHCL expanded its brandscape with the acquisition of controlling stake inAtmantan,an integrated wellness brand and entered into definitive agreements to acquire51%stake inBrij,a boutique experiential leisure offering and scaled theGingerbrand with51%acquisition inANK & Pride Hospitality. IHCL Consolidated continues to maintain a healthy balance sheet with a gross cash balance ofINR 3,877 croresas on 31stDecember 2025. IHCL is well placed to deliversustained performance enabled by a diversified topline across brands, geographies and contract types.”

    PILLARS OF DIVERSIFICATION HIGHLY DIVERSIFIED BUSINESS MODEL

 

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Mr. Ankur Dalwani, Executive Vice President and Chief Financial Officer, IHCLsaid, “For Q3 FY2026, IHCL StandalonereportedarevenueofINR1,654crores,clockingastrongEBITDAmarginof48.2%,anexpansion of40basis points and aPATofINR 921 crorespost Exceptional Items.”

Headded,“DuringtheninemonthsendingDecember2025,IHCLConsolidatedgeneratedcashofaboutINR 1,600croresandundertookcapitalexpendituretothetuneofINR750crorestowardsgreenfieldprojectsat Ekta Nagar,Taj Frankfurt, brownfield expansion atTaj GangesVaranasi and the upcomingTaj BandstandprojectalongwithrenovationstokeyhotelssuchasTajPalaceDelhi,TajFortAguadaGoa,PresidentMumbai andSt James CourtLondon among others.”

Q3 - KEY HIGHLIGHTS

FINANCIAL PERFORMANCE

-         Consolidated same store hotels delivered a 9% RevPAR growth.

-         Management Fee income grew by 15% to INR 203 crores on the back of not like for like growth.

PORTFOLIO GROWTH - YEAR TO DATE

-          IHCL signed 239 hotels across its brandscape including entering into strategic acquisitions and partnerships with Clarks Group, Madison, Rajdarbar Group, Ambuja Neotia and Atmantan brand.

-         IHCL opened and onboarded 120 hotels taking our operating hotels to 361 with an inventory of

over 32,000 rooms.

NEW & REIMAGINED BUSINESSSES

-          The Air & Institutional Catering business segment (TajSATS) clocked a revenue of INR 323 crores, 17% growth over the previous year and EBITDA margin at 26%.

-          New Businesses comprising of Ginger, Qmin, am㠓tays & Trails and Tree of Life reported an Enterprise revenue of INR 316 crores, a growth of 39% and Consolidated revenue of INR 215 crores, a growth of 31%.

-          Enterprise Revenue of Ginger stood at INR 232 crores with a strong EBITDAR margin of 47%.

-          Qmin has grown to 110 outlets across multiple formats, am㼳pan style='letter-spacing:-.2pt'> Stays & Trails has reached a portfolio of 351 bungalows with 176 in pipeline and Tree of Life is at a 27 resorts portfolio with

9 in pipeline.

PAATHYA | IHCL’S INDUSTRY-LEADING ESG+ FRAMEWORK

 

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 About The Indian Hotels Company Limited

The Indian Hotels Company Limited (IHCL) and its subsidiaries bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service. These include Taj – the iconic brand for the most discerning travellers and ranked as World’s Strongest Hotel Brand 2025 and India’s Strongest Brand 2025 as per Brand Finance; Claridges Collection, a curated set of boutique luxury hotels merging elegance with historical charm; Brij, an experiential leisure offering; Atmantan, one of India’s leading integrated wellness destinations; SeleQtions, a named collection of hotels; Gateway, full-service hotels designed to be your gateway to exceptional destinations; Vivanta, sophisticated upscale hotels; Tree of Life, private escapes in tranquil settings and Ginger, which is revolutionising the lean luxe segment.

Incorporated by the founder of the Tata Group, Jamsetji Tata, the Company opened its first hotel – The Taj Mahal Palace, in Bombay in 1903. IHCL has a portfolio of 617 hotels including 256 in the pipeline globally across 4 continents, 14 countries and in over 250 locations. The Indian Hotels Company Limited (IHCL) is India’s largest hospitality company by market capitalization. It is listed on the BSE and NSE.