IHCL MD and CEO Puneet Chhatwal said despite the geo-political challenges, flight disruptions and booking cancellations, quarter one of financial year 2026 marked the thirteenth consecutive quarter of ‘record performance’ for the chain.
“In line with our guidance, the company reported a double-digit growth in consolidated revenue. The hotel segment’s revenue at Rs 1,814 crore grew by 14% leading to a strong EBITDA margin of 31.4%,” he said. “This performance was enabled by diversification of our top line across same store hotels, not like for like growth and new Businesses consolidated revenue growing by 27% over the previous year. The hospitality sector, despite geopolitical headwinds continues to show resilience and sustained growth,” he added.
The chain said it continued its growth momentum with 12 signings taking the portfolio to over 390 hotels and opened six new hotels in the quarter.
The brand was also recently ranked by Brand Finance-UK as the World’s Strongest Hotel Brand 2025 for the fourth time and India’s Strongest Brand across sectors for the fifth time. Quarter one also marked the Ginger Kolkata hotel acquisition by the Tata Group.
“Indian Hotels Company feels privileged to have the backing of Tata Sons to acquire a trophy asset for the Ginger brand at the Kolkata airport. Growing in major airport locations is a part of our growth strategy,” said Chhatwal.The chain said its domestic same store hotels delivered an 11% consolidated revenue per available room growth with a premium of 60% versus the industry. The international consolidated portfolio reported an occupancy of 78%, up 460 basis points, resulting in a revenue per available room growth of 13%. IHCL’s management fee income grew by 17% to Rs 133 crore on the back of not like for like growth. IHCL signed 12 hotels during the period under review with five Taj hotels including three luxury wildlife lodges in Kruger National Park, South Africa, two SeleQtions and Ginger hotels each and one hotel each under Gateway, Vivanta and Tree of Life brands. The quarter saw six new hotels open including a Taj in Alibaug, two SeleQtions resorts in Lakshadweep, a Gateway in Coorg and a Ginger hotel in Dehradun.IHCL said it has a gross cash balance of Rs 3,073 crore as on June 30 2025. The chain’s air and institutional catering business segment (TajSATS) clocked a revenue of Rs 290 crore, a 21% growth over the previous year and an EBITDA margin at 23.5%.
The new businesses vertical comprising Ginger, Qmin, amã Stays & Trails and Tree of Life reported an enterprise revenue of Rs 212 crore, a growth of 25% and a consolidated revenue of Rs 162 crore, a growth of 27%.
