Indian Hotels Co Ltd on Wednesday reported a 19.5% rise in first-quarter profit, helped by sustained demand for travel and hospitality. The Tata Group-owned operator of Taj Hotels posted a consolidated net profit of ₹296 crore for the quarter ended June 30, up from ₹248 crore a year earlier.
Revenue from operations rose 31.7% to ₹2,041 crore, while EBITDA climbed 28.1% to ₹576 crore. However, EBITDA margin narrowed slightly to 28.2% from 29% last year.
IHCL signed 12 new hotels during the quarter, taking its portfolio to over 390 properties. Openings included a Taj in Alibaug, two SeleQtions resorts in Lakshadweep, and a Ginger hotel in Dehradun. Internationally, it added three luxury wildlife lodges in South Africa’s Kruger National Park under the Taj brand.
“Despite geopolitical headwinds, the hospitality sector continues to show resilience and sustained growth,” Managing Director & CEO Puneet Chhatwal said.
Domestic same-store hotels reported an 11% RevPAR growth, with a 60% premium over the industry average. International operations saw a 460-basis-point improvement in occupancy to 78%, boosting RevPAR by 13%.
TajSATS, the company’s air and institutional catering arm, reported a 21% revenue growth to ₹290 crore with an EBITDA margin of 23.5%.
New businesses — including Ginger, Qmin, amã Stays & Trails and Tree of Life — posted a 27% rise in consolidated revenue to ₹162 crore.
IHCL’s standalone revenue rose 13% to ₹1,099 crore, with an EBITDA margin of 38%. The company maintained a healthy balance sheet, with a gross cash balance of ₹3,073 crore.
Brand Taj was ranked the World’s Strongest Hotel Brand for the fourth year and India’s Strongest Brand across sectors for the fifth year by Brand Finance UK.
Shares of Indian Hotels closed 0.4% higher ahead of the results, at a price of ₹754.05 on the BSE.
