Not just Taj: Tata Group-owned Indian Hotels' diversified portfolio fuels 13th record quarter
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As The Indian Hotels Company Ltd IHCL ) rides high on its thirteenth consecutive quarter of record financial performance, it's not just the iconic Taj hotels doing the heavy lifting. The Tata Group 's hospitality arm is seeing robust growth in its portfolio of new and reimagined businesses, including budget brand Ginger , food delivery platform Qmin , and its boutique homestay offering amã Stays & Trails.Together, these verticals clocked an enterprise revenue of Rs 212 crore in the April–June quarter, up 25% year-on-year, and contributed Rs 162 crore to IHCL's consolidated revenues, marking a 27% growth over the previous year.Ginger led the charge, with Rs 180 crore in enterprise revenue and a healthy EBITDAR margin of 40%. With a portfolio of 105 hotels and 31 more in the pipeline, Ginger is emerging as a key growth engine for IHCL in the lean-luxe space, targeting younger, value-conscious travelers without compromising on quality.Qmin, IHCL's cloud kitchen and dining delivery business, has expanded rapidly to 93 outlets across multiple formats, including on-premise restaurants, delivery-only kitchens, and Qmin Shops. The company continues to position it as a lifestyle and convenience brand built on the Taj brand's culinary legacy.Meanwhile, amã Stays & Trails, IHCL's luxury homestay and heritage vacation venture, has scaled up to 309 bungalows, with 138 currently operational, capitalising on the rising demand for private, experiential travel. The brand has quietly become one of India's largest branded homestay networks.Tree of Life, another boutique acquisition, is now at 21 resorts, with 18 already operational, further extending IHCL's footprint into high-end, offbeat destinations.IHCL Managing Director & CEO Puneet Chhatwal said the strong performance reflects the success of the company's diversification strategy. 'This performance was enabled by diversification of our top line across same-store hotels, not-like-for-like growth, and our new businesses. The hospitality sector, despite geopolitical headwinds, continues to show resilience and sustained growth,' he said.With over 390 hotels now in its portfolio, including recent openings in Alibaug, Lakshadweep, Coorg, and Dehradun, IHCL's expansion is no longer just about adding rooms, it's about building a hospitality ecosystem that stretches from safari lodges in South Africa to cloud kitchens in India's metros.
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