Taj parent IHCL reports 12th straight quarter of growth; Q4 profit up 25% to ₹522 cr

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Summary

Puneet Chhatwal, Managing Director & CEO, IHCL, says in FY2026, IHCL aims to continue double-digit revenue growth, driven by strong same-store performance, sustained momentum in New Businesses and 30 new hotel openings

For the fiscal year FY25, IHCL's revenue grew 23% to ₹8,565 crore, with EBITDA of ₹3,000 crore.
For the fiscal year FY25, IHCL's revenue grew 23% to ₹8,565 crore, with EBITDA of ₹3,000 crore.

Recording twelve consecutive quarters of record performance, hospitality major Indian Hotels Company Limited (IHCL) has recorded 27% year-on-year revenue growth to ₹2,425 crore in its January-March period, driven by 13% growth in hotel segment revenue and solid growth in enterprise revenue.

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The company's EBITDA for the said period surged 30% YoY to ₹918 crore, with EBITDA margin up 0.8 percentage points to 36.9%. The company's profit for Q4 FY25 was recorded at ₹522 crore, a growth of 25% YoY. IHCL operates key hospitality brands like Taj, Claridges Collection, SeleQtions, Tree of Life, Vivanta, Gateway, and Ginger.

For the fiscal year FY25, IHCL's revenue grew 23% to ₹8,565 crore, with EBITDA of ₹3,000 crore, which grew 28% YoY. The hospitality major's EBITDA margin for the financial year came in at 35%, up 1.4 pp, while PAT zoomed 52% YoY to ₹1,908 crore, driven by strong same-store performance and an increase in New Businesses.

Puneet Chhatwal, Managing Director & CEO, IHCL, said IHCL set a new benchmark, with 74 signings and 26 openings this fiscal and over 95% of these signings were capital light. “Q4 marks twelve consecutive quarters of record performance with consolidated hotel segment revenue reporting a strong growth of 13%, resulting in an EBITDA margin of 38.5%. The consolidated double-digit revenue growth for the year was driven by strong same-store performance, a 40% increase in New Businesses and not like-for-like growth."

He said that in line with Accelerate 2030, customer centricity and operational excellence will remain at the core of its business. In FY2026, IHCL aims to invest over ₹1,200 crore towards the continued comprehensive asset management & upgradation program and greenfield projects with the focus on Taj and digital capabilities, he says. "Looking ahead at FY2026, IHCL is poised to continue double-digit revenue growth, driven by strong same-store performance, sustained momentum in New Businesses and 30 new hotel openings."

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The company says in Q4, the domestic same-store hotels delivered a 12% consolidated RevPAR growth, with a premium of 73% vs the industry at the enterprise level. International consolidated portfolio reported an occupancy of 73%, up 440 basis points, resulting in a RevPAR growth of 7%.

Ankur Dalwani, Executive Vice President and Chief Financial Officer, IHCL said, “With continued demand buoyancy in the domestic market IHCL Standalone reported a full year revenue of INR 5,145 crores, an increase of 12% over the previous year, EBITDA margin of 43.9%, expansion of 260 basis points and a 29% growth in PAT at INR 1,413 crores. In FY2025, on a consolidated basis, IHCL reported revenue of INR 8,565 crores, EBITDA of INR 3,000 crores, clocking a new high EBITDA margin of 35%, an expansion of 140 bps and a PAT before exceptional items of INR 1,603 crores resulting in a strong gross cash position as on 31st March of INR 3,073 crores.”

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The company's Air & Institutional Catering business segment (TajSATS) clocked a revenue of ₹1,051 crore, 17% growth over the previous year and an EBITDA margin of 25.2%. TajSATS was consolidated during Q2, resulting in ₹724 crore revenue reported as a part of IHCL consolidated revenue in FY25, says the company. New Businesses vertical comprising of Ginger, Qmin, amã Stays & Trails and Tree of Life reported an enterprise revenue of ₹802 crore, a growth of 41% and consolidated revenue of ₹601 crore, a growth of 40%.

The company's board also proposed a dividend of 20% of consolidated PAT, amounting to ₹2.25 per share, subject to shareholders’ approval.

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