Indian Hotels Company Limited
The Indian Hotels Company Limited (IHCL), India’s largest hospitality Company in South Asia has been an industry pioneer for over 120 years. 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 World’s Strongest Hotel Brand 2024 and India’s Strongest Brand 2024 as per Brand Finance; Claridges Collection, a curated set of boutique luxury hotels merging elegance with historical charm; SeleQtions, a named collection of hotels; Tree of Life, private escapes in tranquil settings; Vivanta, sophisticated upscale hotels; Gateway, full-service hotels designed to be your gateway to exceptional destinations and Ginger, which is revolutionising the lean luxe segment.
Business Segments:
Segment-wise Revenue Contribution:
- Hotel Services — ~91.5%
- Brands include:
- Taj
- Vivanta
- SeleQtions
- Ginger
- Air & Institutional Catering — ~8.5%
Shareholding Pattern (March 2026)
Financial Summary
| Particular | Mar-22 | Mar-23 | Mar-24 | Mar-25 | Mar-26 |
| Sales – | 3,056 | 5,810 | 6,769 | 8,335 | 9,689 |
| Sales Growth % | 94.03% | 90.10% | 16.50% | 23.13% | 16.25% |
| Expenses + | 2,651 | 4,005 | 4,609 | 5,565 | 6,495 |
| Operating Profit | 405 | 1,805 | 2,160 | 2,769 | 3,195 |
| OPM % | 13% | 31% | 32% | 33% | 33% |
| Net Profit + | -265 | 1,053 | 1,330 | 2,038 | 2,247 |
| EPS in Rs | -1.74 | 7.06 | 8.85 | 13.4 | 14.64 |
| Dividend Payout % | -23% | 14% | 20% | 17% | 22% |
Synopsis of Financials
- Revenue: INR 2,845 cr (+14% YoY)
- EBITDA: INR 1,052 cr (+15% YoY) → 37% margin
- PAT (pre-exceptional): INR 600 cr (+14% YoY)
Final Outlook
Summary:
Indian Hotels has delivered a strong turnaround after the pandemic, supported by rising travel demand, better hotel occupancy, and premium pricing. Revenue, margins, and profitability have improved consistently over the last few years. The company continues to expand its hotel portfolio and invest in renovations and new projects, which supports long-term growth. Strong brand value through Taj and other hotel chains gives IHCL a competitive advantage in the hospitality sector. However, the business remains somewhat sensitive to economic slowdown and travel demand cycles.
Recent Performance (Q4 FY26 – Easy View):
- Revenue: ₹2,845 Cr (+14% YoY)
- EBITDA: ₹1,052 Cr (+15% YoY)
- EBITDA Margin: 37%
- PAT (Pre-exceptional): ₹600 Cr (+14% YoY)
- FY26 consolidated revenue crossed ₹9,900 Cr
- Company achieved ₹2,000+ Cr annual PAT milestone for the first time
Indian Hotels is a strong hospitality company with excellent brand value, improving profitability, and steady long-term growth potential. The company is benefiting from rising tourism, premium travel demand, and strong operational efficiency.
