Latest news with #Accelerate2030
The Print
21-05-2025
- Business
- The Print
IHCL inks pact with Tripura govt to refurbish Taj Pushpabanta Palace in Agartala
He said, IHCL reinforces its commitment to build new tourist circuits and itineraries in line with the Tata ethos of development of a region. 'The heritage Taj Pushpabanta Palace will be refurbished to its former glory in keeping with Taj's iconic legacy. We are delighted to partner with the Tripura government for Taj Pushpabanta Palace,' IHCL Managing Director and CEO Puneet Chhatwal said in a statement. Mumbai, May 21 (PTI) Indian Hotels Company (IHCL) on Wednesday said it has signed an agreement with the Tripura government to refurbish Taj Pushpabanta Palace in Agartala as a 100-key heritage property. IHCL, under its strategic roadmap Accelerate 2030, targets to grow its multi-brand presence in the northeast region to 30 hotels by 2030. IHCL, along with its partner ecosystem, is committed to investing Rs 2,500 crore in the region over the next three years, he added. IHCL has nine operating hotels in the northeast, having presence in Assam's capital Guwahati with Vivanta and Ginger, in Gangtok with Taj Guras Kutir Resort & Spa, Ginger and Tree of Life resort, a Vivanta hotel in Shillong and Tawang, Ginger in Agartala and a Vivanta in the leisure destination of Pakyong. Besides, it has five upcoming hotels in Agartala, Itanagar, Guwahati, Jorhat and Dibrugarh. PTI SM HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Business Standard
06-05-2025
- Business
- Business Standard
Indian Hotels Company slides as Q4 PAT tumbles 10% QoQ to Rs 522 crore
Shares of Indian Hotels Company declined 2.63% to Rs 780.75 due to weak sequential performance. On a consolidated basis, Indian Hotels Companys net profit fell 10.30% to Rs 522.3 crore in Q4 FY25 as against Rs 582.32 crore in Q3 FY25. Revenue from operations declined 4.26% to Rs 2,425.14 crore in Q4 FY25 over Q3 FY25. PBT slipped 13.67% to Rs 719.96 crore in Q4 FY25 over Q3 FY25. In Q4 FY25, EBITDA jumped 30% YoY to Rs 918 crore, while EBITDA margin increased 0.8 percentage points to 36.9%. On a year-on-year basis, the company's consolidated net profit added 25.02% while revenue from operations advanced 27.28% in Q4 FY25. PBT rallied 34.64% YoY. Puneet Chhatwal, Managing Director & CEO, IHCL, said, Q4 marks twelve consecutive quarters of record performance with consolidated hotel segment revenue reporting a strong growth of 13% resulting in EBITDA margin of 38.5%. Enterprise revenue for the full year stood at Rs 14,836 crore, 1.6x of consolidated revenue, in line with our strategy of a balanced capital light and capital heavy portfolio. The consolidated double -digit revenue growth for the year was driven by strong same store performance, 40% increase in New Businesses and not like for like growth. IHCL set a new benchmark with 74 signings and 26 openings this fiscal and over 95% of these signings were capital light. He added, In line with Accelerate 2030, customer centricity and operational excellence will remain at the core of our business. In FY2026, IHCL will invest over Rs 1,200 crore towards the continued comprehensive asset management & upgradation program and greenfield projects with the focus on the iconic brand Taj and digital capabilities. 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. The sector outlook remains strong, with demand outpacing supply, a recovery of foreign tourist arrivals and steady momentum across leisure, social and MICE segments." Ankur Dalwani, Executive Vice President and Chief Financial Officer, IHCL said, With continued demand buoyancy in the domestic market IHCL Standalone reported full year revenue of Rs 5,145 crore, 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 Rs 1,413 crore. In FY2025, on a consolidated basis, IHCL reported revenue of Rs 8,565 crore, EBITDA of Rs 3,000 crore, clocking a new high EBITDA margin of 35%, an expansion of 140 bps and a PAT before exceptional items of Rs 1,603 crore resulting in a strong gross cash position as on 31st March of Rs 3,073 crore. Reflective of the companys sustained financial performance, a dividend of 20% of Consolidated PAT amounting to Rs 2.25 per share is proposed, subject to shareholders approval. He added, IHCL has been on a journey of transformation and has demonstrated record financial performance across five fiscal years(excluding two years of the pandemic), enabled by a growth strategy of balancing capital light and capital heavy resulting in a healthy balance sheet with nil net debt and strong free cash flows. Meanwhile, the company's board recommended a dividend of Rs 2.25 per equity share of Rs 1 each, subject to the approval of the members at the forthcoming annual general meeting. The Indian Hotels Company (IHCL) and its subsidiaries bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service. 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 381 hotels including 134 under development globally across 4 continents, 14 countries and in over 150+ locations.
Economic Times
05-05-2025
- Business
- Economic Times
IHCL Q4 net profit at Rs 522 crore, revenue up 27% to Rs 2,425 cr
IHCL's Q4 net profit rose 25% to ₹522 crore, driven by strong demand, new hotel signings, and sustained growth across its hospitality and catering businesses. Synopsis Indian Hotels Company Ltd (IHCL) posted a 25% YoY rise in Q4 FY25 profit at ₹522 crore. Annual profit surged 52% to ₹1,908 crore, driven by new signings, stable ramp-ups, and robust demand across hospitality segments. Tata Group's Indian Hotels Company Ltd (IHCL) reported a consolidated net profit of Rs 522 crore for the quarter ended March 2025, a 25% increase from Rs 417.8 crore from the corresponding period last year, driven by strong demand and growth across new businesses. ADVERTISEMENT Consolidated revenue rose 27% year-on-year to Rs 2,425 crore in Q4 FY25. For the full fiscal year, IHCL's consolidated net profit grew 52% to Rs 1,908 crore (IHCL standalone-Rs 1413 crore), while total income increased 23% year-on-year to Rs 8,565 crore (IHCL standalone-Rs 5145 crore). Full-year EBITDA grew 29% to Rs 3,000 crore with margins expanding 170 basis points to 35%. Puneet Chhatwal, Managing Director and CEO, IHCL said quarter four 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%. "IHCL set a new benchmark with 74 signings and 26 openings this fiscal and over 95% of these signings were capital light," he told ET that the key growth drivers in the coming months will be RevPAR and food and beverage. 'For us, growth won't be just like-for-like—after opening 26 hotels last year, we plan to open 30 more,' he said. 'As these properties move through different phases of ramp-up, we expect more of them to stabilise and begin contributing meaningfully through management fees or direct profitability. The contribution of new businesses will remain 35-40 per cent.'He added, that IHCL had successfully deployed several growth levers over the past five to seven years—barring the COVID disruption—that have driven a significant margin expansion. 'What was once a margin range of 13–14% has steadily moved to 35–36%, thanks to a combination of disciplined growth, asset-light expansion, and operating efficiency,' he said. ADVERTISEMENT IHCL said that in line with its Accelerate 2030 strategy, IHCL will maintain its focus on customer centricity and operational excellence, earmarking over Rs 1,200 crore in FY26 for asset upgrades, greenfield developments, and digital initiatives—primarily to bolster its flagship Taj brand. IHCL's Q4 consolidated profit and revenue slipped marginally on a quarter-on-quarter basis, reflecting a broader consumption slowdown across categories, but the company remained notably more resilient than much of the sector given the strength of its brands. ADVERTISEMENT The board recommended a dividend of Rs 2.25 per share (up from Rs 1.75 last year).IHCL added that recent acquisitions and the reclassification of Taj SATS as a subsidiary—following changes in control—boosted both topline and profitability. ADVERTISEMENT IHCL's new growth engines delivered robust performance in FY25, with the Air & Institutional Catering segment, led by TajSATS, posting Rs 1,051 crore in revenue—a 17% increase over the previous year—with an EBITDA margin of 25.2%.Following its reclassification as a subsidiary in Q2, TajSATS contributed Rs 724 crore to IHCL's consolidated topline. Meanwhile, the new businesses vertical—comprising Ginger, Qmin, amã Stays & Trails, and Tree of Life—reported Rs 802 crore in enterprise revenue, up 41% year-on-year, with consolidated revenue rising 40% to Rs 601 crore. ADVERTISEMENT Ginger, the company's lean luxury brand, recorded Rs 675 crore in enterprise revenue and a healthy EBITDA margin of 43%, supported by a portfolio of 103 hotels and a pipeline of 30 expanded to 72 outlets across formats, while amã Stays & Trails reached a milestone of 301 operational bungalows, underscoring the company's steady push into experiential and asset-light hospitality. On rising competitive intensity in the hospitality sector, Chhatwal acknowledged the trend but remained unfazed. 'Yes, the competitive intensity is growing—but we are not slowing. The company has changed orbits in the last few years,' he said. (You can now subscribe to our ETMarkets WhatsApp channel) Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains How Pi42 is simplifying crypto trading: CTO Satish Mishra on integrating technical & fundamental insights NEXT STORY
Time of India
05-05-2025
- Business
- Time of India
IHCL Q4 net profit at Rs 522 crore, revenue up 27% to Rs 2,425 cr
Tata Group's Indian Hotels Company Ltd (IHCL) reported a consolidated net profit of Rs 522 crore for the quarter ended March 2025, a 25% increase from Rs 417.8 crore from the corresponding period last year, driven by strong demand and growth across new businesses. Consolidated revenue rose 27% year-on-year to Rs 2,425 crore in Q4 FY25. For the full fiscal year, IHCL's consolidated net profit grew 52% to Rs 1,908 crore (IHCL standalone-Rs 1413 crore), while total income increased 23% year-on-year to Rs 8,565 crore (IHCL standalone-Rs 5145 crore). by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Villas In Dubai | Search Ads Get Rates Full-year EBITDA grew 29% to Rs 3,000 crore with margins expanding 170 basis points to 35%. Puneet Chhatwal, Managing Director and CEO, IHCL said quarter four 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%. "IHCL set a new benchmark with 74 signings and 26 openings this fiscal and over 95% of these signings were capital light," he added. Chhatwal told ET that the key growth drivers in the coming months will be RevPAR and food and beverage. 'For us, growth won't be just like-for-like—after opening 26 hotels last year, we plan to open 30 more,' he said. 'As these properties move through different phases of ramp-up, we expect more of them to stabilise and begin contributing meaningfully through management fees or direct profitability. The contribution of new businesses will remain 35-40 per cent.' Live Events He added, that IHCL had successfully deployed several growth levers over the past five to seven years—barring the COVID disruption—that have driven a significant margin expansion. 'What was once a margin range of 13–14% has steadily moved to 35–36%, thanks to a combination of disciplined growth, asset-light expansion, and operating efficiency,' he said. IHCL said that in line with its Accelerate 2030 strategy , IHCL will maintain its focus on customer centricity and operational excellence, earmarking over Rs 1,200 crore in FY26 for asset upgrades, greenfield developments, and digital initiatives—primarily to bolster its flagship Taj brand. IHCL's Q4 consolidated profit and revenue slipped marginally on a quarter-on-quarter basis, reflecting a broader consumption slowdown across categories, but the company remained notably more resilient than much of the sector given the strength of its brands. The board recommended a dividend of Rs 2.25 per share (up from Rs 1.75 last year). IHCL added that recent acquisitions and the reclassification of Taj SATS as a subsidiary—following changes in control—boosted both topline and profitability. IHCL's new growth engines delivered robust performance in FY25, with the Air & Institutional Catering segment, led by TajSATS, posting Rs 1,051 crore in revenue—a 17% increase over the previous year—with an EBITDA margin of 25.2%. Following its reclassification as a subsidiary in Q2, TajSATS contributed Rs 724 crore to IHCL's consolidated topline. Meanwhile, the new businesses vertical—comprising Ginger, Qmin, amã Stays & Trails, and Tree of Life—reported Rs 802 crore in enterprise revenue, up 41% year-on-year, with consolidated revenue rising 40% to Rs 601 crore. Ginger, the company's lean luxury brand, recorded Rs 675 crore in enterprise revenue and a healthy EBITDA margin of 43%, supported by a portfolio of 103 hotels and a pipeline of 30 more. Qmin expanded to 72 outlets across formats, while amã Stays & Trails reached a milestone of 301 operational bungalows, underscoring the company's steady push into experiential and asset-light hospitality. On rising competitive intensity in the hospitality sector, Chhatwal acknowledged the trend but remained unfazed. 'Yes, the competitive intensity is growing—but we are not slowing. The company has changed orbits in the last few years,' he said.
