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. These include Taj – the iconic brand for the most discerning travellers and ranked as the World’s Strongest Hotel Brand and India’s Strongest Brand across sectors as per Brand Finance Hotels 50 Report 2022 and India 100 Report 2022 respectively. Indian Hotels Company (IHCL) is ramping up its expansion plans with INR 750-800 crore capital expenditure allocated for FY25, a significant increase from previous years.
Key Brands
- Luxury- Taj
- Upscale- Vivanta
- Upper Upscale- Seleqtions
- Midscale/ lean luxury- Ginger segments.
Shareholding Pattern
- PUBLIC GROUP
- PROMOTER GROUP
Financial Summary
| Particulars | March 2024 | March 2023 | March 2022 |
| Sales | 6,769 | 5,810 | 3,056 |
| Sales Growth % | 16.50% | 90.10% | 94.03% |
| Expenses | 4,612 | 4,005 | 2,651 |
| Operating Profit | 2,157 | 1,805 | 405 |
| OPM % | 32% | 31% | 13% |
| Profit after tax | 1,202 | 971 | -222 |
| EPS in Rs | 8.85 | 7.06 | -1.74 |
Synopsis of Financials
- Achieved EBITDA margin of 33.7%.
- Consolidated revenue grew 17% year-on-year to INR6,952 crores.
- EBITDA grew 20% year-on-year to INR2,340 crores.
- ROE increased 7x to 14%.
- ROCE increased 3x to 15%.
- EPS increased 11x from INR 0.8 in FY 2017-’18 to INR 8.9 in FY ’23-’24.
Final Outlook
Expect the strong momentum to continue in FY25, due to increase in ARR(average revenue per room due to healthy demand, asset management strategy of company (upgrades in hotels) and rooms addition pipeline till FY28 in both owned/leased (2,779 rooms) and management . The management has set aside double-digit revenue growth for FY25, with the launch of 25 hotels, new business ventures, and asset management initiatives leading the way. The industry expects a long-term recovery in the hotel sector driven by increasing demand and limited supply growth. For new brands and reimagined businesses, growth is anticipated to be roughly +30% YoY. The company wants to build new hotel brands in metro areas and Tier 2 and Tier 3 locations as quickly as possible.
IHCL outperforms industry on RevPAR with a 65% premium. Eighth consecutive quarter of best-ever performance for IHCL. Consolidated revenue grew by 17% year-on-year to INR6,952 crores. EBITDA increased by 20% year-on-year to INR2,340 crores, with a margin of 33.7%. Bottom line grew by 26% to INR1,259 crores
ROE increased 7x to 14%, and ROCE increased 3x to 15%. EPS surged from INR0.8 in FY 2017-’18 to INR8.9 in FY ’23-’24. Opened 53 hotels and 34 hotels during FY ’23-’24, crossing 300-plus hotels milestone.
Indian-Hotels-Company-Limited-PDF-report