Latest news with #IHCL
Time of India
2 days ago
- Business
- Time of India
Indian Hotels net profit rises 26.56% to ₹329 crore in Q1 FY26
NEW DELHI: Tata Group-owned Indian Hotels Company Limited (IHCL) on Thursday reported a 26.56 per cent rise in its consolidated net profit to Rs 329.32 crore in the first quarter of FY26. The country's biggest hospitality player posted a net profit of Rs 260.19 crore in the corresponding period of the previous financial year. Its total income from operations stood at Rs 2,102.17 crore during the April-June quarter, against Rs 1,596.27 crore in the year-ago period. The company's total expenses also increased to Rs 1,662.35 crore, from Rs 1,267.78 crore a year ago, a regulatory filing showed. "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," Puneet Chhatwal, Managing Director and Chief Executive Officer of IHCL, said in a statement. Revenue from the hotel segment grew by 14 per cent to Rs 1,814 crore, leading to a strong EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) margin of 31.4 per cent, the statement said. "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 per cent over the previous year. The hospitality sector, despite geopolitical headwinds, continues to show resilience and sustained growth," Chhatwal said. Further, he said IHCL continued its growth momentum with 12 signings, taking the portfolio to over 390 hotels and opened six new hotels in the quarter under review. He told PTI that recent incidents, including the airline tragedy in Gujarat, Operation Sindoor or the Middle East conflict, have cost the company 2.5-3 per cent topline. "Whether it is an unfortunate airline tragedy in Gujarat or it is Operation Sindoor or the Middle East led to a lot of cancellations. "However, the demand came back very will be fair to say, around what we are communicating as a guidance, is 2.5-3 per cent of the top line was lost because of these disturbances during the first quarter of this fiscal," he added. He said IHCL continued its growth momentum with 12 signings, taking the portfolio to over 390 hotels, and opened 6 new hotels in the quarter. When asked about Taj Bandstand, Chhatwal said, the hotel will take maybe 4 years to complete. "In the interim, we have received the MOEF (Ministry of Environment, Forest and Climate Change) and CRZ (Coastal Regulation Zone) approval, the commencement certificate (CC), the litigation on the public interest litigation (PIL) and the height from the airport (authorities) are left. We only want 15 meters more. "And CC is the formality. The only thing that needs to be removed now is to get rid of PIL, with the help of the government," he added. Talking about hotel openings, he said, last year IHCL signed 74 agreements and this year the company will definitely open 13 properties. "September to March will be very high in openings, which is also good because, again, the second half is a better time for most of the locations. "We are also evaluating and looking at other inorganic opportunities as we are debt-free and we have a lot of cash reserves," Chhatwal added. Talking about overseas plans, he said, it is limited to the Taj brand. "In 3 months, we are opening two Taj properties in Bhutan, Phobjikha and Paro (Nepal). These are Brownfield projects. We are under development in Bahrain and in Saudi Arabia. We will open, by the end of January 2026, a Taj hotel in Frankfurt (Germany). So, our overseas expansion is limited to the Taj brand," he said. On taking the rest of the IHCL brands overseas, he said, "Maybe in 2-3 years if opportunities come up. But first, we need to establish the presence of the Taj."
India.com
2 days ago
- Business
- India.com
Good news for Noel Tata, this Ratan Tata company earns Rs 2960000000, shares jumps by 880% in…
Noel Tata (File) Tata Group-owned Indian Hotels Company Limited (IHCL) reported a 26.56% year-on-year increase in consolidated net profit, reaching Rs 329.32 crore for the first quarter of FY26. In the same quarter last year, the company had posted a net profit of Rs 260.19 crore. Revenue from operations rose to Rs 2,102.17 crore during the April–June quarter, up from Rs 1,596.27 crore in the corresponding period of the previous fiscal. Indian Hotels Q1 FY26 Results The company's total expenses also increased to Rs 1,662.35 crore, from Rs 1,267.78 crore a year ago, a regulatory filing showed. '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,' Puneet Chhatwal, Managing Director and Chief Executive Officer of IHCL, said in a statement. Revenue from the hotel segment grew by 14 per cent to Rs 1,814 crore, leading to a strong EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) margin of 31.4 per cent, the statement said. '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 per cent over the previous year. The hospitality sector, despite geopolitical headwinds, continues to show resilience and sustained growth,' Chhatwal said. Further, he said IHCL continued its growth momentum with 12 signings, taking the portfolio to over 390 hotels and opened six new hotels in the quarter under review. He said IHCL continued its growth momentum with 12 signings, taking the portfolio to over 390 hotels, and opened 6 new hotels in the quarter. Indian Hotels Share Price Performance Shares of Indian Hotels, a Tata Group hospitality company, have jumped 880% over the past five years. On July 17, 2020, the company's stock was trading at Rs 76.99 on the NSE. As of July 17, 2025, it closed at Rs 755.10. Over the last four years, the stock has gained 409%, while in the past three years, it has risen by 201%. In the last two years alone, Indian Hotels shares have seen a rally of around 92%. (With Inputs From PTI)
Business Standard
2 days ago
- 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.
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Business Standard
2 days ago
- Business
- Business Standard
Indian Hotels share rises 2% on strong Q1; should you buy, sell or hold?
Indian Hotels share price: Indian Hotels Company Limited (IHCL) share price was buzzing in trade on Friday, July 18, 2025, with the scrip rising as much as 1.63 per cent to an intraday high of ₹766.40 per share. At 9:30 AM, IHCL share price was trading 0.91 per cent higher at ₹760.90. In comparison, BSE Sensex was down 0.23 per cent at 82,066.18 levels. Why were IHCL shares trading higher today? The Indian Hotels Company Limited (IHCL) share rose after the company delivered a robust performance in the first quarter of FY26 (Q1FY26), reporting a 32 per cent year-on-year (Y-o-Y) jump in consolidated revenue to ₹2,102 crore, compared to ₹1,596 crore in Q1FY25. The company's Ebitdarose 29 per cent Y-o-Y to ₹637 crore, while profit after tax (PAT) stood at ₹296 crore, registering a 19 per cent increase from the same period last year. The Ebitda margin slightly improved by 70 basis points (bps) to 30.3 per cent. Puneet Chhatwal, managing director and CEO, IHCL, said, 'Q1FY2026 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 ₹1,814 crore grew by 14 per cent leading to a strong Ebitda margin of 31.4 per cent. 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 per cent over the previous year. The hospitality sector, despite geopolitical headwinds, continues to show resilience and sustained growth.' 'IHCL continued its growth momentum with 12 signings taking the portfolio to over 390 hotels and opened 6 new hotels in 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 World's Strongest Hotel Brand 2025 for the fourth time and India's Strongest Brand across sectors for the fifth time,' Chhatwal added. Should you buy, sell or hold IHCL shares? Analysts remain divided on Indian Hotels Company Ltd (IHCL) following its strong Q1FY26 performance. While the company delivered double-digit growth in revenue and continued to show resilience despite geopolitical and travel-related challenges, the stock's near-term outlook appears mixed due to softer management commentary on future margin expansion. According to analysts at Nuvama, IHCL posted 11 per cent year-on-year growth in RevPAR (Revenue per Available Room) within its domestic portfolio, even as flight disruptions and geopolitical concerns weighed on overall performance by an estimated 2-2.5 per cent. Occupancy declined marginally by 90 bps, while Average Room Rates (ARR) rose 12 per cent Y-o-Y. Although management reaffirmed its double-digit growth guidance for the full year and noted a strong start to July, Nuvama observed the absence of explicit optimism on immediate margin expansion – something that had been a key feature in recent quarters. Consequently, the brokerage revised its FY26E and FY27E revenue estimates slightly downward by 0.8 per cent and 1.1 per cent respectively, while Ebitda estimates were revised upward by 1.1 per cent for both years. Factoring in a valuation rollover to Q1FY28E, Nuvama raised its target price to ₹648 (from ₹628 earlier) but maintained a 'Reduce' rating on the stock. In contrast, Jefferies maintained a 'Buy' rating, albeit with a trimmed target price of ₹960 per share, down from ₹980, according to reports. Meanwhile, Investec reportedly retained a 'Hold' stance, setting a target price of ₹950. About Indian Hotels The Indian Hotels Company Limited (IHCL) is India's largest hospitality company by market capitalisation (₹1.08 trillion), offering a unique blend of Indian warmth and world-class service through a diverse portfolio of brands. These include Taj, the group's iconic flagship brand, which has been ranked the World's Strongest Hotel Brand 2025 and India's Strongest Brand 2025 by Brand Finance. IHCL also operates the Claridges Collection, a selection of boutique luxury hotels known for their timeless elegance; SeleQtions, a curated collection of distinctive hotels; Tree of Life, offering serene private escapes; Vivanta, an upscale hotel brand catering to the modern traveller; Gateway, providing full-service comfort across key destinations; and Ginger, which is redefining the lean luxe segment. Founded by Jamsetji Tata, the visionary behind the Tata Group, IHCL began its journey with the opening of The Taj Mahal Palace in Mumbai in 1903. Today, the company has a growing global footprint, with a portfolio of 392 hotels, including 143 under development, across four continents, 14 countries, and over 150 locations.
Skift
3 days ago
- Business
- Skift
IHCL, la empresa matriz de Taj, llegará pronto a los 400 hoteles gracias a la demanda de viajes deportivos y religiosos
Key Points IHCL is experiencing rapid expansion, nearing 400 hotels, with a goal of 700 hotels and 70,000 rooms by 2030. The company is investing heavily in sports, event-driven, and religious tourism, alongside strategic moves into airport hotel markets. IHCL reported strong financial results with a 19% profit increase year over year, despite international disruptions and geopolitical tensions. Summary Indian Hotels Company Limited (IHCL) is rapidly expanding its hotel portfolio, expecting to surpass 400 hotels this month and aiming for 700 by 2030 as part of its 'Accelerate 2030' strategy. The company is targeting growth through investments in sports, religious, and event-driven tourism, as well as strategic acquisitions, including airport hotels and a key new property in Frankfurt. Despite facing international travel disruptions and regional tensions, IHCL posted robust financial growth in the first quarter, driven by diversified offerings and operational efficiencies.
