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Skift
6 days ago
- Business
- Skift
IHCL Buys Into Clarks Hotels: What CEO Told Analysts About the Deal
In its biggest push yet into India's mid-market hotel segment, Taj-parent Indian Hotels Company Ltd. (IHCL) announced acquiring a controlling 51% stake in ANK Hotels and Pride Hospitality, which together operate 135 hotels under The Clarks Hotels and Resorts. IHCL also signed a marketing and distribution agreement with Brij Hospitality, a boutique chain with heritage and leisure properties. CFO Ankur Dalwani said the total investment is over INR 2 billion ($23 million), split between INR 1.1 billion ($12.5 million) for ANK and INR 940 million ($10.5 million) for Pride. About 80% of the funds will go directly into the companies to pay for upgrades, renovations, and shifting some hotels from management contracts to revenue-share models. The current owners will keep 49% and continue running the companies, with IHCL providing management oversight. IHCl said it expects the deal to close before fiscal 2027. The acquisitions w
Business Standard
18-07-2025
- Business
- Business Standard
Indian Hotels gains after Q1 PAT climbs 19% YoY to Rs 296 cr
Indian Hotels Company (IHCL) added 1.32% to Rs 764 after the company's consolidated net profit rose 19.31% to Rs 296.37 crore on 31.66% surge in revenue from operations to Rs 2,041.08 crore in Q1 FY26 over Q1 FY25. Profit before tax increased 33.89% year on year (YoY) to Rs 439.82 crore in the quarter ended June 2025. EBITDA stood at Rs 637 crore in June 2026 quarter, registering the growth of 29% as compared with Rs 496 crore in Q1 FY25. EBITDA margin improved to 30.3% in Q1 FY26 as against 30% in Q1 FY25. Puneet Chhatwal, managing director & CEO, IHCL, said, Q1 FY2026 marks the thirteenth consecutive quarter of record performance. In line with our guidance, the company reported a double-digit growth in consolidated revenue. The hotel segments revenue at Rs 1,814 crore grew by 14% leading to a strong EBITDA margin of 31.4%. This performance was enabled by diversification of our top line across same store hotels, not like for like growth and New Businesses consolidated revenue growing by 27% over the previous year. The hospitality sector, despite geopolitical headwinds continues to show resilience and sustained growth. He added, IHCL continued its growth momentum with 12 signings taking the portfolio to 390+ hotels and opened 6 new hotelsin the quarter. Maintaining its leadership, Taj continues to be an icon in the global hospitality landscape with the brand being recently ranked by Brand Finance-UK as the Worlds Strongest Hotel Brand 2025 for the fourth time and Indias Strongest Brand across sectors for the fifth time. Ankur Dalwani, executive vice president and chief financial officer, IHCL said, On the back of strong domestic demand, IHCL Standalone reported a revenue of Rs 1,099 crore, an increase of 13% over the previous year, clocking an EBITDA margin of 38.0% and a 17% growth in PAT at Rs 245 crore. IHCL Consolidated continues to maintain a healthy balance sheet with a gross cash balance of Rs 3,073 crore as on 30th June 2025. 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.
United News of India
17-07-2025
- Business
- United News of India
Tata Group-owned Indian Hotels Q1FY26 consolidated net profit up 19 pc to Rs 296 cr
Hyderabad, July 17 (UNI) Tata Group-owned Indian Hotels Company Limited (IHCL) on Thursday reported a 19 pc increase in its consolidated net profit to Rs 296 crore for the first quarter of FY26 as against Rs 248 crore in the corresponding period in the previous year. The company's consolidated revenues during the quarter saw a 32 per cent increase to Rs 2,102 crore as compared to Rs 1,596 crore in the same period last fiscal year, a release said here. The country's biggest hospitality player signed 12 hotels across its brandscape with 5 Taj hotels, including 3 Luxury Wildlife Lodges in Kruger National Park, South Africa, 2 SeleQtions and Ginger hotels each and one hotel each under Gateway, Vivanta and Tree of Life brands. The quarter saw 6 new hotels open, including a Taj in Alibaug, 2 SeleQtions resorts in Lakshadweep, a Gateway in Coorg and a Ginger in Dehradun. Mr. Puneet Chhatwal, Managing Director & CEO, IHCL, said, 'Q1 FY2026 marks the thirteenth consecutive quarter of record performance. In line with our guidance, the company reported a double-digit growth in consolidated revenue. The hotel segment's revenue at INR 1,814 crores grew by 14 percent leading to a strong EBITDA margin of 31.4 percent.' This performance was enabled by diversification of our top line across same-store hotels, not like-for-like growth and New Businesses consolidated revenue growing by 27 percent over the previous year. The hospitality sector, despite geopolitical headwinds continues to show resilience and sustained growth, he said. 'IHCL continued its growth momentum with 12 signings taking the portfolio to 390+ hotels and opened 6 new hotels in the quarter, he added. Mr. Ankur Dalwani, Executive Vice President and Chief Financial Officer, IHCL said, 'On the back of strong domestic demand, IHCL Standalone reported a revenue of INR 1,099 crores, an increase of 13 per cent over the previous year, clocking an EBITDA margin of 38.0 per cent and a 17 per cent growth in PAT at INR 245 crores.' IHCL Consolidated continues to maintain a healthy balance sheet with a gross cash balance of INR 3,073 crores as on June 30, 2025,' he added. UNI KNR ARN
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.
United News of India
06-05-2025
- Business
- United News of India
Indian Hotels consolidated Q4FY25 net profit jumps 25 pc to Rs 522 cr
Hyderabad, May 5 (UNI) The Indian Hotels Company Limited (IHCL), India's largest hospitality company, on Monday reported a 25 per cent jump in its consolidated net profit to Rs 522 crore for the fourth quarter ending March 31 2025 against Rs 418 crore in the corresponding quarter in the previous year. The consolidated revenue from operations during the quarter stood at Rs 2, 487 crore against Rs 1905 crore in the corresponding quarter of the last financial, the company said in a release. For the full year ending March 31,2025, the consolidated net profit increased 52 per cent to Rs 1,908 crore against FY24 while the consolidated revenue from operations jumped 23 per cent to Rs 8, 565 crore. Reflective of the company's sustained financial performance, a dividend of 20 per cent of Consolidated PAT amounting to INR 2.25 per share is proposed, subject to shareholders' approval, the release said. Commenting on the results, 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 percent resulting in EBITDA margin of 38.5 percent. Enterprise revenue for the full year stood at INR 14,836 crores, 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 per cent 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 percent of these signings were capital light, he said. 'In FY2026, IHCL will invest over INR 1,200 crores towards the continued comprehensive asset Management & upgradation program and Greenfield projects with the focus on the iconic brand Taj and digital capabilities, he added. International Consolidated portfolio reported an occupancy of 73 percent , up 440 basis points, resulting in a RevPAR growth of 7 percent while the Air & Institutional Catering business segment (TajSATS) clocked a revenue of INR 1,051 crores, 17 percent growth over the previous year and EBITDA margin at 25.2 percent. New Businesses vertical comprising of Ginger, Qmin, amã Stays & Trails and Tree of Life reported an Enterprise revenue of INR 802 crores, a growth of 41 percent and Consolidated revenue of INR 601 crores, a growth of 40 percent. 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 percent over the previous year, EBITDA margin of 43.9 percent, expansion of 260 basis points and a 29 percent growth in PAT at INR 1,413 crores. IHCL has a portfolio of 381 hotels including 134 under development globally across 4 continents, 14 countries and in over 150+ locations. UNI KNR SJC
