Whalesbook
Record Financial Results
IHCL achieved its 16th consecutive quarter of record performance. For the fourth quarter of FY2026, consolidated revenue reached ₹2,845 crore, a 14% increase year-on-year. This revenue growth led to an EBITDA of ₹1,052 crore and an EBITDA margin of 37%, showing strong operational efficiency. Net profit for the quarter grew 14.9% year-on-year to ₹600 crore.
Major Portfolio Expansion
IHCL sharply expanded its presence by signing 250 hotels across its brand portfolio, via both acquisitions and new developments. This included adding brands like Claridges Collection and acquiring stakes in Brij Hospitality, Atmantan, and others. Over the past year, IHCL opened or brought under management over 130 hotels, growing its total operating portfolio to 373 hotels with more than 33,000 rooms. The company also maintains an industry-leading pipeline of 255 hotels.
Increased Shareholder Payout
To reward shareholders, IHCL proposed a dividend of ₹3.25 per equity share for FY2026. This is a significant hike from the ₹2.25 per share declared last year, representing a 325% payout on face value. The proposal awaits shareholder approval at the Annual General Meeting.
Segment Performance
The airline and institutional catering business, TajSATS, saw 16% revenue growth, reaching ₹1,219 crore with an EBITDA margin of 24.2%. New ventures, including Ginger, Qmin, amã Stays & Trails, and Tree of Life, together generated revenue of ₹1,099 crore, up 37%. The Ginger brand was a standout, with enterprise revenue of ₹814 crore (up 21%), and its Mumbai Airport outlet alone surpassing ₹100 crore in revenue.
Executive Insights
Puneet Chhatwal, Managing Director and CEO of IHCL, noted the company's steady performance despite challenges, including the West Asia conflict. He reported that for FY2026, the company achieved double-digit revenue growth, reaching ₹9,971 crore (a 16% increase). EBITDA hit an all-time high of ₹3,477 crore, and net profit (PAT) was a record ₹2,084 crore. Chhatwal also highlighted the addition of three new brands, expanding IHCL's portfolio to 14 major brands and securing a record 250 new signings.
Ankur Dalwani, Executive Vice President and CFO, added that FY2026 consolidated revenue showed broad-based strength driven by RevPAR growth of 9% from same-store hotels. This was supported by strong contributions from catering, new businesses, and management fees. Indian Hotels Company Ltd shares closed at ₹663.80, down 1.41% on the day of the report.