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The Indian Hotels Company (INDHOTEL) investor relations material
The Indian Hotels Company Q1 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record performance for the 17th consecutive quarter, with double-digit growth across revenue, EBITDA, and PAT year-over-year, despite macro headwinds such as geopolitical tensions and airline disruptions.
Taj brand recognized as India's strongest brand for the fifth consecutive year, with a 38% increase in brand value to nearly $900 million.
Strong domestic demand and pricing power offset international softness and airline disruptions, with leisure destinations like Rajasthan and Goa outperforming business cities.
Recent acquisitions and renovated assets, including Brij and Atmantan, contributed significantly to revenue and margin expansion.
Consolidated revenue from operations for Q1 FY27 was ₹233,919 lakhs, up from ₹204,108 lakhs in Q1 FY26.
Financial highlights
Consolidated revenue grew 15% year-over-year to INR 2,419 crores (₹233,919 lakhs); EBITDA up 18% to INR 753 crores, with a margin of 31.1%.
PAT increased 21% year-over-year to INR 358 crores (₹39,093 lakhs); standalone revenue up 18% to INR 1,298 crores and EBITDA up 30% to INR 542 crores.
Hotel segment revenue and domestic RevPAR grew 17% and 14% year-over-year, respectively; TRevPAR up 12%.
Management fee income grew 26% year-over-year to INR 168 crores, driven by new openings and pipeline momentum.
Earnings per share (EPS) for the quarter was ₹2.51, compared to ₹2.08 in Q1 FY26.
Outlook and guidance
Confident of delivering double-digit revenue growth with sustained margins and strong cash generation for the full year.
Q2 is pacing ahead of Q1, with expectations to surpass Q1 performance barring unforeseen negatives.
Over 60 new hotels expected to open in FY27, with ~800 leased and ~4,200 managed keys.
Guidance suggests potential to close the year at the upper end or above the 12%-14% growth range.
Strategic acquisition of a 51% stake in Brij Hospitality Private Limited expected to enhance future growth and portfolio diversification.
- Record FY26 growth, strong margins, and major acquisitions set up double-digit FY27 expansion.INDHOTEL
Q4 25/26 - Q3 FY26 saw record profits and double-digit growth, fueled by acquisitions and robust expansion.INDHOTEL
Q3 25/26 - Double-digit revenue and profit growth sustained, driven by robust margins and portfolio expansion.INDHOTEL
Q2 25/26 - Acquisition of 135 hotels doubles midscale presence and accelerates growth to 700+ hotels by 2030.INDHOTEL
M&A Announcement - Record revenue and profit growth, portfolio expansion, and robust demand drive strong FY26 outlook.INDHOTEL
Q1 25/26 - Doubling hotels and revenue by 2030 with a capital-light, multi-brand, and ESG-driven strategy.INDHOTEL
CMD 2024 - Record Q2 FY25 growth, strong margins, TajSATS consolidation, and robust outlook.INDHOTEL
Q2 24/25 - Record Q1 with 12% PAT growth, strong margins, and double-digit FY25 outlook.INDHOTEL
Q1 24/25 - Record revenue, margin expansion, and a major gain from Taj SATS Air Catering consolidation.INDHOTEL
Q3 24/25
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